Category: Business

Leading financial institution, Fidelity Bank Plc has reinforced its commitment to community development and youth empowerment with the donation of educational and hygiene materials to pupils of Wesley Nursery and Primary School in the Makoko Waterfront Community, Lagos, under its Fidelity Helping Hands Programme (FHHP). The FHHP outreach was led by the Bank’s Risk Management Directorate as part of a “Back to School” intervention aimed at improving learning conditions and promoting personal hygiene among children in one of Nigeria’s most underserved waterfront communities. Through the FHHP, staff receive matching financial…

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In a renewed commitment to strengthen environmental protection across Nigeria, Sterling One Foundation, in collaboration with Sterling Bank, Sunbeth, government agencies, community volunteers, and partner organizations, spearheaded a nationwide Environmental Cleanup and Beach Adoption exercise on Saturday, November 29, 2025. The initiative, which is in line with the United Nations Decade of Action, spanned 17 states, including Wuse Market in Abuja, Alpha Beach in Lagos, and communities across 15 other states, reinforcing the need for consistent, community-led action to combat all forms of plastic and waste pollution and restore the…

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President of Dangote Industries Limited, Alhaji Aliko Dangote, has withdrawn a petition filed before the Independent Corrupt Practices and Other Related Offences Commission (ICPC) against the former Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed. Sources confirmed that the petition was withdrawn through Dangote’s legal representative, Ogwu Onoja (SAN). It was gathered that the withdrawal followed the decision of another government agency to take over the investigation of the allegations contained in the petition. Recall that in December 2025, Dangote had urged the…

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–Shareholders commit to future injection of more capital to the Groups’ other subsidiaries First HoldCo Plc (“FirstHoldCo” or “the Group”) has announced that its commercial banking subsidiary, First Bank of Nigeria (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum capital requirement of ₦500 billion. This milestone was achieved following the completion of a series of strategic capital initiatives, including a Rights Issue, a Private Placement, and the injection of proceeds from the divestment of the Group’s merchant banking subsidiary. This successful capitalisation underscores strong market confidence in…

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In the spirit of the festive season, leading financial institution, Fidelity Bank Plc has reaffirmed its commitment to inclusive community support through a charitable outreach to Oluyole Cheshire Home, Ibadan. The visit, carried out through its Corporate Social Responsibility (CSR) initiative, the Fidelity Helping Hands Programme (FHHP), provided food items and essential supplies to children living with disabilities at the home. Speaking at the outreach, the Divisional Head, Brand and Communications Division, Meksley Nwagboh, emphasized that the exercise was not just an act of seasonal giving but part of the…

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FirstBank, West Africa’s premier financial institution and financial inclusion service provider is pleased to announce the Nigeria Economic Outlook 2026 scheduled to hold on Tuesday, 6 January 2025. The theme of the session is “The Great Calibration: Mastering Resilience in an Era of Asynchronous Growth” Nigeria Economic Outlook is an annual customer-facing session which sets the tone on prevailing economic realities, equipping FirstBank customers with insights to navigate the economy effectively at the start of the year. The 2026 edition will review Nigeria’s economic landscape over the past year, provide…

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Tier one lender, Fidelity Bank Plc, has announced the completion of the tenure of Mr. Mustafa Chike-Obi as Chairman of its Board of Directors effective December 31, 2025, and the appointment of Mrs. Amaka Onwughalu as the new Chairman of the Board, effective January 1, 2026. The board transitions are in alignment with the Bank’s policy and have been communicated to the Central Bank of Nigeria, the Nigerian Exchange Group, and other stakeholders. Under Mr. Chike-Obi’s leadership, Fidelity Bank repaid its Eurobond, completed the first tranche of its public offer…

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