Category: News

Fidelity Bank Distributes Food Packs to FCT Communities

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As part of its Corporate Social Responsibility (CSR) initiatives, leading financial institution, Fidelity Bank Plc, recently donated food packs to Federal Capital Territory (FCT) Abuja residents. Themed, the Fidelity Food Bank initiative, the outreach saw the bank’s officials distribute the food items to seven communities in the Mabushi district of the FCT. Speaking at the distribution event, the Executive Director, North, Fidelity Bank Plc, Mr. Sufiyanu Garba, emphasized the bank’s commitment to community development and its alignment with Sustainable Development Goal 2, which seeks to eradicate hunger. “This initiative stems…

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Ondo: Popular transporter abducted, son killed, wife shot

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A popular transporter, Muihili Adebayo who operates within Akure-Lagos route, is the latest victim of abduction by armed bandits. The assailants attacked him on Wednesday night at his residence in the Shagari area of Owo Local Government Area, Ondo State; killing his son and injuring his wife while he was reportedly taken away by the gunmen. It was gathered that, Adebayo’s wife was shot in the hand while resisting the kidnappers, but one of their children was killed during the struggle. The injured woman was later rushed to the Federal…

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INEC explains why it rejected recall petition against Senator Natasha

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The Independent National Electoral Commission (INEC) has stated reasons for rejecting a petition to recall the Senator representing Kogi Central, Natasha Akpoti-Uduaghan from the National Assembly. The commission stated that the petition did not meet provisions of the 1999 Constitution as expressly stated in Section 69(a) of the Constitution. According to a statement issued after a meeting and full deliberation on the matter on Thursday, April 3, 2025, the electoral commission stated: “Among other issues, the meeting considered and approved the report of its physical count of the signatures/thumbprints forwarded…

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One Million Tree Initiative: A greener tomorrow begins with a leap of faith

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One million trees initiative and Corporate partners turns Magodo GRA housing estate Lagos street into a leisure and green park four years after tree planning campaign. While the COVID ravaged the entire world, everything literally stopped except for the alarming news of morbidity on daily basis. Living wasn’t only put on but generally lost its appeal, the last thing on anybody’s mind was to save the earth. While we hibernated, the thought to revive a previous environmental preservation project, Eco-Corps cropped up for my brother, Washington and I. Crazy thought,…

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Fraud suspects operating “Yahoo School” apprehended in Lagos

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Operatives of the Lagos State Police Command uncovered and dismantled and internet fraud training facility, commonly referred to as “Yahoo School”, operating at Iju area of the state. This was confirmed in a statement by the spokesperson of the state police command, CSP Benjamin Hundeyin on Tuesday. Hundeyin said that the police apprehended four yahoo experts and six trainees. “During the successful operations, the police detectives apprehended four yahoo experts, of ages 22, 23, 25, and 26, who were running the notorious school. “The other six suspects, who are between…

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CBN denies introducing N5,000, N10,000 banknotes

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The Central Bank of Nigeria (CBN) has issued a statement dismissing a viral report claiming it has introduced N5,000 and N10,000 banknotes to facilitate cash transactions. In a statement posted on its official X handle, yesterday, the apex bank described the report as fake and urged Nigerians to disregard it. “The content is not from CBN. Kindly note that the official website of the CBN is cbn.gov.ng,” the statement reads. A statement from the CBN’s Communications Department further clarified, “The only official sources for releasing statements to the media are…

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Sterling Bank leads protest for removal of bank transfer charges

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In a landmark move that sets a new benchmark for customer-focused banking in Nigeria, Sterling Bank has championed the cancellation of bank transfer fees by major banks, announcing it will no longer take any money for itself for any local online transactions by its customers. The announcement, made on April 1st, initially sparked widespread arguments, with many assuming it was a marketing prank tied to April Fools’ Day. However, Sterling has confirmed that this is no stunt: the zero-transfer-fee policy is real, and effective immediately. With this move, Sterling becomes…

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Kyari, NNPCL Board sacked, Engr Ojulari appointed as new GCEO

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The Group Chief Executive Officer, GCEO, of the Nigerian National Petroleum Company, NNPC Limited board, Mallam Mele Kolo Kyari, has been sacked by President Bola Tinubu, alongside the board chairman, Chief Pius Akinyelure. President Tinubu also removed all other board members appointed with Akinyelure and Kyari in November 2023. This was made public via a statement issued in the early hours of Wednesday by the presidential spokesman, Bayo Onanuga. According to the statement, the new 11-man board has Engineer Bashir Bayo Ojulari as the Group CEO and Ahmadu Musa Kida…

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Woman arrested for trafficking daughter for N50,000 to Mauritania

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A woman and her syndicate have been arrested by operatives of the Zone 2 Command of the Nigeria Police Force for allegedly trafficking young girls to Mauritania as commercial sex workers for N50,000. The Zonal Public Relations Officer, Umma Ayuba, disclosed in a statement on Tuesday that the suspects were arrested at their hideout in the Meiran area of Lagos State on March 22. She disclosed that the syndicate worked with other accomplices in Mauritania to traffic young ladies as commercial sex workers. According to Ayuba, the suspects confessed to…

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FY 2024: Fidelity Bank records a 210.0% growth in PBT to N385.2bn …Declares a total dividend of N2.10 per share

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Add Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before Tax to N385.2 billion. According to the Bank’s results released on the Nigerian Exchange (NGX) on Friday, 28 March 2025, Gross Earnings increased by 87.7% to N1,043.4bn, driven by 106.9% growth in interest and similar income to N950.6bn. The increase in Interest Income was led by a combination of improved yield on earnings assets and 51.6% expansion in earnings base to N6.3tn. This led to a Profit After Tax…

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