Category: Business

Union Bank responds to Cardoso’s remarks at MPC meeting with calm assurance

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Union Bank of Nigeria has issued a statement reaffirming its steadfast position in the course of ongoing regulatory engagements in response to recent media queries at the Central Bank of Nigeria’s (CBN) 304th Monetary Policy Committee (MPC) press briefing. The bank’s affirmation comes in the wake of Governor Olayemi Cardoso’s clarification on the regulatory framework governing institutions under intervention while speaking on the complexities and structural considerations influencing the recapitalisation timeline. According to the CBN Governor, institutions currently under regulatory oversight are subject to unique circumstances that necessitate a differentiated…

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Driving Growth Through Sustainability: FirstBank’s Commitment

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Sustainability has become a critical priority for businesses and governments across the world, driving growth, innovation, and positive change. As the world grapples with climate change, social inequality, and economic uncertainty, organisations are recognising the importance of adopting sustainable practices that balance Environmental, Social, and Governance considerations. In Nigeria, the sustainability agenda has become a mainstay, with companies like FirstBank leading the charge. As the leading financial institution in West Africa, FirstBank has made significant strides in promoting sustainability/ESG, with notable achievements in renewable energy, financial inclusion, and environmental conservation.…

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Fidelity Bank to Empower Women with Sustainable Entrepreneurship Skills with HAP 2.0

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Leading financial institution, Fidelity Bank Plc, has announced the launch of the second edition of its flagship women-empowerment initiative, the HerFidelity Apprenticeship Programme 2.0 (HAP 2.0). Designed to equip women with practical, income‑generating skills and structured pathways to entrepreneurship; HAP 2.0 will build on the success of its inaugural edition held in 2023. Speaking with journalists at a media chat to herald the launch of HAP 2.0, the Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede, explained that the initiative has been enhanced to deliver greater impact. “HerFidelity Apprenticeship…

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Polaris Bank Launches Global Gift Card Feature on VULTe

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Polaris Bank, through its digital lifestyle platform VULTe, has introduced a faster, smarter way for users to send love, appreciation, and rewards across borders with the launch of its new Gift Card feature, enabling customers to deliver global brand gift cards to family and friends anywhere in the world in seconds. Designed for speed, security, and everyday relevance, the feature allows users to choose from a wide range of international and local brands spanning groceries, beauty and wellness, fashion, electronics, entertainment, gaming, and lifestyle services, all seamlessly accessible on VULTe.…

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Fidelity Bank Donates Essential Items to Ikoyi Correctional Centre

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Leading financial institution, Fidelity Bank Plc, has demonstrated its unwavering commitment to enhancing the lives and wellbeing of indigent persons with the donation of relief items to inmates at the Ikoyi Correctional Centre in Lagos. The project, executed under the bank’s Corporate Social Responsibility (CSR) initiative known as Fidelity Helping Hands Programme (FHHP), saw the bank’s Human Resources (HR) department hand over various household tools and gift items to the leadership of the correctional facility as part of its efforts to support the rehabilitation and development of indigent persons in…

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Fire Guts OPay Office in Ibadan, Property Worth Millions Destroyed

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A fire outbreak on Tuesday razed parts of an OPay office along the busy Akala Expressway in Ibadan, the Oyo State capital, destroying property estimated at millions of naira and causing panic among residents, motorists and nearby business operators. The blaze reportedly broke out in the afternoon, sending thick smoke and flames billowing from sections of the fintech company’s premises and drawing a large crowd of onlookers. Eyewitnesses said the fire started suddenly and spread rapidly before emergency responders arrived at the scene. Some residents initially mistook the smoke for…

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Polaris Bank Marks World Cancer Day with Free Breast Cancer Screening for 100 Women Nationwide

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In commemoration of World Cancer Day, slated for February 4, 2026, Polaris Bank has reaffirmed its commitment to community health and social impact with the launch of a nationwide free breast cancer screening initiative in partnership with its NGO partner, Care Organization and Public Enlightenment (C.O.P.E). The initiative is designed to promote awareness, screening, early detection, and preventive care, reinforcing the Bank’s belief that access to health services is a critical foundation for individual and economic wellbeing. As part of this year’s World Cancer Day activities, Polaris Bank will provide…

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FIRST HOLDCO PLC – THE BULL BY THE HORN WITH A RECORD IMPAIRMENT CHARGE; GROWS GROSS EARNINGS TO N3.4 TRILLION FOR THE UNAUDITED FULL YEAR ENDED DECEMBER 31, 2025

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First HoldCo Plc has announced its unaudited financial results for the year ended 31 December 2025, reflecting a year of deliberate strategic actions aimed at strengthening its balance sheet, improving asset quality, and positioning the business for more resilient and sustainable growth amidst successful capital raise activities. As stated in the unaudited Group financial statement, FirstHoldCo recorded a 4.8% year-on-year (y-o-y) increase in its Gross earnings to N3.4 trillion, supported by a 36.3% y-o-y growth in net interest income of N1.9 trillion on the back of enhanced earnings yield and…

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From Talk to Transformation_ ASIS 2026 Sets New Benchmark for Policy Impact

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Sterling One Foundation, in collaboration with the Office of the Vice President of the Federal Republic of Nigeria, the United Nations System, and partners of the Africa Social Impact Summit (ASIS) will convene the ASIS 2026 High-Level Policy Engagement on Wednesday, January 28, 2026, at the State House Conference Centre, Abuja. The session will bring together senior government leaders, chief executives, development partners, investors, and civil society leaders to advance results-driven partnerships for inclusive growth, foundational learning, women and youth empowerment, and national development delivery. The engagement, co-hosted by the…

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