The International Monetary Fund has issued a stark warning about Nigeria’s economic outlook, cautioning that citizens may face more difficult times as the country grapples with persistent inflation, currency instability, and fiscal challenges. In its latest assessment of Nigeria’s economy, the IMF noted that while recent reforms by the Federal Government of Nigeria—including fuel subsidy removal and foreign exchange liberalisation—are steps in the right direction, they are likely to intensify short-term hardship for millions of Nigerians. The global financial institution highlighted rising food prices, high transportation costs, and weakened purchasing…
Read MoreCategory: Business
Fidelity Bank Extends “Give Her Power” Initiative to Ogun State, Empowers 100 Women with Vocational Tools
In a bold demonstration of its commitment to inclusive growth and sustainable development, leading financial institution, Fidelity Bank Plc has extended its recently launched “Give Her Power” initiative to Ogun State, empowering 100 women with vocational tools designed to strengthen their economic independence and boost household income. The outreach is part of the Bank’s nationwide rollout of the initiative, which was unveiled earlier in March during the signing of strategic Memoranda of Understanding (MoUs) with partner organisations to commemorate the 2026 International Women’s Day. The event, which held at the…
Read MorePolaris Bank celebrates 58 New Hires from its flagship PGIT, PTIP as CEO charge them to Keep Learning, Keep Evolving
Polaris Bank has graduated 58 exceptional new hires from its flagship Polaris Graduate Intensive Training (PGIT) and Polaris Tech Ignite Programme (PTIP), reinforcing its commitment to building world-class talent in Nigeria. The ceremony, attended by senior leadership and invited guests, celebrated a highly selective cohort drawn from over 10,000 applicants – placing them among the top 0.58% who successfully made the cut. The milestone underscores the bank’s rigorous standards in identifying and grooming future leaders. Addressing the graduates, Managing Director/CEO, Mr. Kayode Lawal, delivered a compelling charge centered on continuous…
Read MoreFidelity Bank Takes Lead in Banking Recapitalisation Drive
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…
Read MoreBeware: There’s a WhatsApp scam going around
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…
Read MoreFirstBank Partners Eko Hotels & KEY Academy for ChessMasters 2026 Tournament
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…
Read MorePolaris Bank advocates Youth Financial Literacy Through Global Money Week 2026
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.…
Read MoreSterling Bank Deepens Commitment to Women Entrepreneurs with OneWoman Financing Dialogue
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,…
Read MoreFirstBank Backs Samuel Okwaraji U-16 Championship 2026, Boosts School Sports Development
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,…
Read MoreWhen 8 million Customers Trust You, Safety Cannot Be an Afterthought
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…
Read More