Category: Business

…Profit Rises to N321bn; FY Revenue Tops N3.4tn   First HoldCo Plc (FirstHoldCo) has sustained its strong financial momentum with gross earnings rising to N942 billion in the first quarter, while profit after tax stood at N321 billion, reinforcing investor confidence in the Group’s earnings capacity and balance sheet resilience. The Group also reported audited full-year 2025 gross earnings of N3.4 trillion, representing a 6.9 per cent year-on-year growth driven by strong net interest income and sustained expansion in digital and transaction banking activities. Speaking on the performance, Group Managing…

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      Leading financial institution, Fidelity Bank Plc, through the Fidelity Helping Hands Programme (FHHP), has funded critical support for the JKS Special Needs Academy in Abuja to ensure continued shelter and care for vulnerable children. The intervention was facilitated by a group of the bank’s newly recruited employees known as Team Valorem, as part of their induction activities. Through the FHHP, employees are empowered to actively contribute to social development by dedicating their time, resources and skills to impactful projects. Projects executed under the initiative are employee-driven, with…

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Union Bank of Nigeria has been named winner of the Best SME Growth Banking Initiatives Award (2025) at the Nigeria National SME Business Awards, organised by the Association of Small Business Owners of Nigeria (ASBON) in partnership with the Lagos State Government through the Ministry of Commerce, Cooperatives, Trade and Investment. The recognition arrives at a moment when the relationship between Nigerian banks and Nigerian small businesses is being quietly redefined. Awards in this space have historically rewarded scale and product breadth. The ASBON criteria, by contrast, ask a more…

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Polaris Bank, Nigeria’s leading digital retail and commercial bank, has proudly facilitated the launch of the NACCIMA Export Support Call Center, a vital initiative designed to provide comprehensive support to Nigerian exporters, especially those operating in the non-oil sector and enhance their ability to access global markets. This partnership marks a significant step in the Bank’s commitment to strengthening Nigeria’s export ecosystem. Chris Ofikulu, Executive Director of Polaris Bank, in his address, emphasised the Bank’s commitment to empowering Nigerian businesses for global markets. He highlighted the importance of the NACCIMA…

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FirstBank has announced the confirmation of Olayinka Thomas Ijabiyi as its substantive Group Head, Marketing and Corporate Communications, marking a strategic leadership consolidation in its ongoing transformation and growth agenda. The appointment, which takes immediate effect, underscores the bank’s continued emphasis on strong corporate governance, brand strengthening, and enhanced stakeholder engagement across its operating markets. Ijabiyi, a seasoned marketing and communications expert with over 25 years of professional experience, has been acting in the role since December 2024 before his formal confirmation. He brings extensive expertise in brand transformation, corporate…

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Nigeria’s economic ambitions, whether higher productivity, a more competitive private sector, or stronger household resilience, all eventually run through the same bottleneck: the quality of the country’s human capital. For a bank, that fact carries a quiet implication. The customers, entrepreneurs, and employees of the next two decades are sitting in classrooms today, and many of those classrooms are under-resourced. It is in that context that Union Bank of Nigeria has built its corporate social responsibility agenda around one of its major pillars – education. The thinking is not that…

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Leading financial institution, Fidelity Bank Plc, has extended its flagship women empowerment programme, “Give Her Power”, to Ikorodu, Lagos State, empowering over 30 women with vocational tools to support their businesses and improve household income. The Ikorodu outreach, which marks the third phase of the Initiative’s nationwide rollout, saw the distribution of 12 sewing machines, 15 grinding machines among other items, to beneficiaries drawn from Ikorodu Central, Ikorodu West, and Ikorodu North Local Government Areas. Speaking at the event, Fidelity Bank’s Regional Bank Head, Victoria Island, Mr. Nnamdi Edekobi, who…

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The Economic and Financial Crimes Commission (EFCC) has arrested former chairman of the defunct Skye Bank Plc, Tunde Ayeni, over alleged money laundering, misappropriation, and diversion of funds totalling N36.54 billion and $30 million. It was gathered that Ayeni was arrested in Abuja on Thursday and is currently being held at the EFCC’s detention facility as investigations intensify into the high-profile financial scandal. Sources familiar with the case disclosed that the arrest followed months of probe into the alleged diversion of funds obtained from Polaris Bank through multiple entities linked…

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