Category: Business

Fidelity Bank Takes Lead in Banking Recapitalisation Drive

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As the Central Bank of Nigeria’s (CBN) recapitaliSation exercise came to an end March 31, 2026, most banks operating in the country rose to the challenge and met the requirement ahead of time. However, Fidelity Bank’s proactive approach paid off, and it continued to demonstrate its commitment to growth and innovation. In a remarkable display of investor confidence, Fidelity Bank opened and concluded a private placement in just one day on December 31, 2025. Leading institutions, including AFREXIM Bank and its subsidiaries, invested in the bank, showcasing their faith in…

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Beware: There’s a WhatsApp scam going around

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Scammers are currently impersonating Aigboje Aig-Imoukhuede, the Chairman of Access Holdings Plc, to trick people into fake investment schemes. They’ve created a WhatsApp group called *“Value Focus Club 60”* using this number: *+234 915 708 8290*, and even used his picture to make it look real. *Important things to know*: • The Chairman is NOT on WhatsApp running any investment group • Access Holdings does NOT offer investment advice via WhatsApp • Any message claiming otherwise is 100% fake A whistleblower actually spotted this and raised the alarm, so please…

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FirstBank Partners Eko Hotels & KEY Academy for ChessMasters 2026 Tournament

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FirstBank, West Africa’s premier financial institution and the leading financial inclusion service provider, has announced its strategic sponsorship of the second edition of ChessMasters, Africa’s largest school chess tournament. The announcement was made at the official press conference of the tournament held on 16 March 2026 at Eko Hotels and Suites, Lagos. ChessMasters is an annual chess tournament designed to equip the next generation with critical thinking, problem-solving, and leadership skills. The competition targets children in primary school aged between 6 and 11 years old. Organised by Eko Hotels and…

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Polaris Bank advocates Youth Financial Literacy Through Global Money Week 2026

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As conversations around money become more complex in a fast-evolving digital world, the need to Building Financially Smart Future and equip young people with the right financial knowledge, has never been more urgent. From spending habits to saving culture, digital transactions, and entrepreneurial thinking, financial literacy is increasingly becoming a life skill, not just a nice-to-have. It is against this backdrop that Polaris Bank is participating in this year’s Global Money Week (GMW), a global financial awareness campaign which kicked off from Tuesday, April 7 through Thursday, April 30, 2026.…

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Sterling Bank Deepens Commitment to Women Entrepreneurs with OneWoman Financing Dialogue

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Sterling Bank, through its women focused initiative, OneWoman, convened a powerful gathering of women entrepreneurs, development finance institutions, ecosystem leaders, and business stakeholders at the Funding Her Future Breakfast Dialogue in Lagos. The session brought together voices from across sectors for a focused and necessary conversation on how to unlock more inclusive and effective financing pathways for women led businesses in Nigeria. At its core, the dialogue was not just about access to capital. It was about building the right systems around women entrepreneurs. Conversations explored how financing, business readiness,…

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FirstBank Backs Samuel Okwaraji U-16 Championship 2026, Boosts School Sports Development

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FirstBank, the premier bank in West Africa and a leading financial inclusion service provider, is thrilled to announce its sponsorship of the maiden edition of the Samuel Okwaraji Under 16 Football Championship, a nationwide youth football tournament organised to honour the late Samuel Okwaraji, one of Nigeria’s most celebrated football legends renowned for his patriotism, discipline, and commitment to national service. The tournament will engage secondary schools from all 36 states and the FCT, in a two-stage competition. The first stage will feature zonal eliminations across the six geopolitical zones,…

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When 8 million Customers Trust You, Safety Cannot Be an Afterthought

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Nigeria’s digital banking revolution is raising the stakes for consumer trust. The question is whether the industry is rising to meet them. Nigeria’s relationship with digital banking has changed almost beyond recognition in a decade. Where cash once dominated every transaction, from the roadside market to the corporate boardroom, mobile apps, instant transfers and USSD codes have reshaped how tens of millions of Nigerians interact with their money every single day. The figures speak for themselves: point-of-sale transactions surged to a record N18 trillion in 2024, a 69 per cent…

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Thought Leadership Series

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By Vivian Imoh-Ita Investing in Women-Led Enterprises Is a Growth Strategy Nigeria Can’t Afford to Delay Across African banking, the conversation is shifting from “inclusion as intent” to “inclusion as performance.” Margin pressure, recapitalisation conversations, digitisation, and tighter risk expectations are forcing a hard question: where will sustainable, low-volatility growth come from in the next cycle? One answer is hiding in plain sight: women-led enterprises, underfunded, underserved, and consistently productive. In Nigeria’s informal economy, where cash flow is real but documentation is uneven, the institutions that win will be the…

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Oceangate Engineering to Appeal Federal High Court Asset Forfeiture Order, Denies Wrongdoing

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Oceangate Engineering Oil & Gas Limited has announced plans to appeal a ruling by the Federal High Court ordering the forfeiture of some of its assets, maintaining that neither the company nor its leadership was found guilty of any offence. In a statement issued on Thursday, the Company Secretary, Barr. Nnenna Onyeaso, described the court’s decision as a civil asset forfeiture based on suspicion rather than proof, stressing that the judgment did not establish any criminal liability against the firm. She said the company had already instructed its legal team…

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Sterling Bank Charts Way Forward for Nigeria’s Transport, Logistics Sector

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Industry leaders, policymakers, financiers, and innovators convened in Lagos today for the inaugural Nigeria Transport & Logistics Summit (NTLS) 2026, hosted by Sterling Bank at Eko Hotel & Suites, to forge actionable strategies for building a faster, more connected Nigeria through transport, mobility, and logistics. Held under the theme “Funding the Engine of Growth,” the summit positioned Nigeria’s transport and logistics sector as a critical but under-leveraged driver of productivity, regional integration, and economic growth. Transport, mobility, and logistics collectively form the backbone of the Nigerian economy, yet chronic underinvestment,…

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