Category: Business

NAFDAC Issues Recall Alert on Indomie Vegetable Noodles Over Undeclared Milk, Egg Allergens

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The National Agency for Food and Drugs Administration and Control (NAFDAC) has issued a public recall alert, warning consumers to avoid Indomie Vegetable Flavour Noodles following the discovery of undeclared milk and egg allergens that could pose serious health risks. In a statement released under Public Alert No. 041/2025, dated December 18, 2025, NAFDAC said the recall was initiated after a notification from Rappel Conso of France, the country’s food safety authority, which confirmed through laboratory analysis that the product contains allergens not listed on its label. According to NAFDAC,…

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Fidelity Bank Boosts Maternal and Child Healthcare Delivery at ESUTH

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Fidelity Bank Plc has brought relief to indigent patients at the Enugu State University Teaching Hospital (ESUTH) Parklane, by offsetting medical bills and providing financial support to children battling chronic health conditions alongside donations of ante-natal kits to pregnant women. The intervention, which was carried out under the bank’s Corporate Social Responsibility (CSR) initiative known as Fidelity Helping Hands Programme (FHHP), was funded and executed by newly inducted employees of the bank, the Optimizers Inductees Class, as their community impact project, with matching financial support from the bank. Commenting on…

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Dangote Alleges Graft Against NMDPRA Boss, Claims Millions of Dollars Paid as Children’s School Fees

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Africa’s richest man and Chairman of the Dangote Group, Aliko Dangote, has accused the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, of alleged corruption and abuse of office. Dangote, in a formal petition submitted to the Independent Corrupt Practices and Other Related Offences Commission (ICPC), claimed that the NMDPRA boss paid millions of dollars in advance school fees for his children to attend schools abroad, expenditures he described as incompatible with the legitimate earnings of a public official. According to the petition,…

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Sterling Bank Champions Collective Action……to Accelerate Nigeria’s Renewable Energy Transition

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Sterling Bank Limited has brought together stakeholders in the renewable energy industry to explore ways to accelerate action in the sector. The premier colloquium, held in Lagos on Monday, aimed to identify priority areas for action to increase energy access and drive economic growth in the quest to attain a one trillion-dollar economy. Managing Director and CEO of Sterling Bank Limited, Mr. Abubakar Suleiman, gave the charge in his address at the colloquium organized with the theme: Beyond The Grid; Unlocking New Frontiers in Renewable Energy. The CEO, who was…

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Polaris Bank, Evolve Charity Trust empower 1,000 students with school essentials

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Polaris Bank, in partnership with Evolve Charity Trust, has successfully concluded its 2025 nationwide distribution of school essentials to 1,000 students across ten public secondary schools in five states, including the Federal Capital Territory (FCT). The initiative is part of the Bank’s sustained Corporate Social Responsibility (CSR) efforts to keep more children, especially the girl child, in school. This year’s exercise adds to a growing intervention that has supported more than 24,000 students in public schools across 49 locations since 2021. This year’s beneficiaries received a complete learning kit consisting…

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Supreme Court Ends 20-Year Sagecom Case, Rules in Favour of Fidelity Bank

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The Supreme Court on Friday delivered judgment in favour of Fidelity Bank Plc in its long-running legal battle with Sagecom Concepts Limited, bringing final closure to a dispute that has spanned more than two decades. A five-member panel of the apex court, led by Justice Lawal Garba, upheld Fidelity Bank’s appeal, marking a significant victory for the lender in a case that has drawn sustained attention within Nigeria’s financial and legal circles. In a motion dated October 8, 2025, Fidelity Bank had approached the Supreme Court seeking clarification and consequential…

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UNION BANK HONOURED AS BEST IN WORKPLACE PRACTICE AT PRESTIGIOUS SERAS AWARDS

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Union Bank of Nigeria has secured another prestigious accolade, being named Best Company in Workplace Practice at the Sustainability, Enterprise and Responsibility Awards. The ceremony took place on Saturday 29 November 2025 at the Grand Ballroom, Oriental Hotel, Victoria Island, Lagos. This significant achievement follows a comprehensive assessment by SERAS multinational independent judges who rigorously evaluated applicants’ Corporate Social Responsibility and sustainability initiatives. Union Bank received nominations across four categories: SERAS Education Intervention of the Year, Best Company in Workplace Practice, Best in Gender Equity and Women Empowerment, and Best…

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Fidelity Bank to Host Virtual Masterclass on New Tax Law

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Fidelity Bank Plc, a leading financial institution, will host a free virtual training on the Nigeria Tax Act 2025 (NTA) as part of its commitment to helping small businesses prepare for the upcoming legislation. The masterclass is scheduled for 10:00 AM (Nigerian time) on Friday, 12 December 2025. It will provide participants with clear insights into changes in the tax framework, the impact on income and business operations, and practical steps to avoid penalties in 2026. Attendees will also learn strategies to stay ahead in an evolving regulatory environment. The…

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Sterling Bank Partners Pan Atlantic University’s EDC… …to Certify Non-Oil Export Academy Graduates

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Sterling Bank Limited has signed a Memorandum of Understanding (MoU) with Enterprise Development Centre (EDC) of Pan-Atlantic University (PAU) to certify graduates of its Non-Oil Export Academy. This strategic partnership underscores the Bank’s commitment to diversifying Nigeria’s economy by supporting non-oil export growth. This landmark agreement follows the recent launch of the Sterling Bank Non-Oil Export Academy, designed to position Nigerian exporters for global competitiveness. The launch was preceded by a series of nationwide training programs in Lagos, Ondo, and Kano states, culminating in a grand finale themed “Excel in…

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FirstBank Elephant Girls Crowned Zone 3 Champions, Qualify for WBLA Final Round

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FirstBank Basketball Club of Nigeria, popularly known as the “Elephant Girls”, have secured their spot in the final round of the Women’s Basketball League Africa (WBLA), scheduled to hold in Cairo, Egypt from 5-14 December 2025. The Elephant Girls put on a commanding performance at the FIBA Africa Zone 3 Qualifiers in Abidjan, Côte d’Ivoire, winning all three games. Representing Nigeria as the country’s sole team in the tournament, they overcame fierce competition from Côte d’Ivoire, Liberia, Benin Republic, Ghana, and Togo in the Zone. Their undefeated run included a…

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