Nigeria’s economic ambitions, whether higher productivity, a more competitive private sector, or stronger household resilience, all eventually run through the same bottleneck: the quality of the country’s human capital. For a bank, that fact carries a quiet implication. The customers, entrepreneurs, and employees of the next two decades are sitting in classrooms today, and many of those classrooms are under-resourced. It is in that context that Union Bank of Nigeria has built its corporate social responsibility agenda around one of its major pillars – education. The thinking is not that…

Leading financial institution, Fidelity Bank Plc, has extended its flagship women empowerment programme, “Give Her Power”, to Ikorodu, Lagos State, empowering over 30 women with vocational tools to support their businesses and improve household income. The Ikorodu outreach, which marks the third phase of the Initiative’s nationwide rollout, saw the distribution of 12 sewing machines, 15 grinding machines among other items, to beneficiaries drawn from Ikorodu Central, Ikorodu West, and Ikorodu North Local Government Areas. Speaking at the event, Fidelity Bank’s Regional Bank Head, Victoria Island, Mr. Nnamdi Edekobi, who…

The Economic and Financial Crimes Commission (EFCC) has arrested former chairman of the defunct Skye Bank Plc, Tunde Ayeni, over alleged money laundering, misappropriation, and diversion of funds totalling N36.54 billion and $30 million. It was gathered that Ayeni was arrested in Abuja on Thursday and is currently being held at the EFCC’s detention facility as investigations intensify into the high-profile financial scandal. Sources familiar with the case disclosed that the arrest followed months of probe into the alleged diversion of funds obtained from Polaris Bank through multiple entities linked…

What was sold to Nigerians in May 2022 as a clean and powerful takeover is now looking like something far more troubling. When Titan Trust Bank announced it had acquired Union Bank of Nigeria, a 100+ year-old institution, the story was simple: a young bank buying a legacy giant. But fresh documents are now pointing to a shocking twist that raises serious questions about how the deal was actually done. According to findings, Titan Trust Bank allegedly secured a $300 million loan from African Export-Import Bank (Afreximbank) to fund the…