Fidelity Bank grows PBT by 167.8% to N105.8 billion in Q1 2025

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Fidelity Bank Plc, one of Nigeria’s leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion, representing an impressive growth of 167.8% compared to N39.5 billion in Q1 2024. The bank’s unaudited financial statements, released on the Nigerian Exchange (NGX) on April 30, 2025, highlight a substantial increase in Gross Earnings, which rose to N315.4 billion, marking a year-on-year growth of 64.2% from N192.1 billion in the same period last year. Growth in interest income…

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America’s Robert Francis Prevost becomes first American chosen as Pope

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The Catholic Church has elected Cardinal Robert Francis Prevost as the new pope, following a 24-hour conclave in the Vatican. The white smoke that billowed from the chimney of the Sistine Chapel late Thursday signaled the Church had chosen its new spiritual leader—ushering in a new era with the election of the first American pontiff in the Church’s 2,000-year history. Prevost, a former missionary in Peru and the head of the Vatican’s influential Dicastery for Bishops, will now be known as Pope Leone XIV. He succeeds Pope Francis, who passed…

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Court judgment forces US military to remove 1,000 transgender

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The US military will immediately start the process of removing some 1,000 transgender troops and will force out those who do not leave voluntarily by early June, the Pentagon said on Thursday. President Donald Trump issued an executive order in January banning transgender military service, and the US Supreme Court ruled this week that the ban could take effect while litigation challenging it plays out. “The Military Departments will immediately begin processing for separation service members who previously self-identified for voluntary separation prior to March 26, 2025,” a memo from…

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Nigerian teenager’s corpse recovered after drowning in UK

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A Nigerian teenager based in the United Kingdom, Valentine Ikechukwu’s lifeless body was recovered after drowning in a lake at Colwick Country Park. The body was recovered on April 30. A statement by Nottinghamshire Police stated on Thursday, that the 16-year-old had got into trouble while swimming in the lake. It was noted that emergency responders were alerted to the scene at about 5 pm on the day of the incident, and a search and rescue operation was conducted. The statement added that the teenager’s body was recovered at about…

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Army Captain gunned down by Boko Haram terrorists in Borno

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Boko Haram terrorists killed an army captain in Izge community of Gwoza Local Government Area of Borno State, in the early hours of Wednesday, report says. The incident was confirmed by the Emir of Gwoza, HRH Alhaji Mohammed Shehu Timta. He said the assailants stormed the area around 1a.m and engaged the troops. “It’s true that my people in Izge community came under Boko Haram attack around 1am. Unfortunately, a Captain and a Soldier paid the supreme price. “But our gallant troops, the Civilian JTF, hunters, vigilantes and the resilient…

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Sharia court remands woman for allegedly marrying two husbands in Kano

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A woman, identified as Harira Muhammad was remanded by a Kano Upper Shari’a Court for alleged matrimonial relationships with two men simultaneously. Muhammad was dragged before the Islamic jury by Sagiru Shuaibu, who claimed to have married his wife six months ago but suddenly discovered that Muhammad was having affairs with another man. Although Shuaibu said he lives separately from his wife, he told the court how he stumbled upon another man in his matrimonial bed when he visited his wife’s apartment. The claimed real husband said he immediately alerted…

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Dozens killed as India, Pakistan clash

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Rescuers move the dead body of a victim from a damaged building of the Government Health and Educational Complex after Indian strikes in Muridke, about 30 kilometers from Lahore, India and Pakistan exchanged heavy artillery fire along their contested frontier on Wednesday after New Delhi launched deadly missile strikes on its arch-rival, in the worst violence between the nuclear-armed neighbours in two decades. At least 34 deaths were reported, with Islamabad saying 26 civilians were killed by the Indian strikes and firing along the border, and New Delhi adding at…

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CE-Power Solutions, Extel Table Water partner NGO for reforestation in Lagos, PH to mark World Environment Day

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As World Environment Day (WED) 2025 approaches, the One Million Tree Initiative (OMTI), a non-governmental organization focused on tree planting, has announced plans to expand its urban greening campaign into more communities in Lagos State and Port Harcourt, Rivers State. This initiative aims to combat deforestation, improve air quality, and promote environmental stewardship in two of Nigeria’s most densely populated cities. WED is an annual event endorsed by the United Nations, celebrated every June 5th to encourage awareness and action for the protection of the environment. This year’s theme, ‘Beat…

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Cascador and Sterling Bank Launch Breakthrough Funding for Nigerian Entrepreneurs

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Cascador, Nigeria’s premier accelerator for mid-stage entrepreneurs, has announced a landmark partnership with Sterling Bank to launch a bold new debt funding model to unlock growth for Africa’s most promising ventures. Backed by a $2 million Catalytic Fund, the partnership introduces flexible, founder-friendly financing for Cascador alumni; pairing low-interest debt with business mentorship, tailored repayment terms, and dramatically reduced collateral requirements. “This is a breakthrough moment for Cascador and for the entrepreneurs we serve,” said Dave DeLucia, Founder of Cascador. “Through our partnership with Sterling Bank, we’re deploying capital in…

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Romance scam: Nigerian arrested in Canada for $600,000 scam

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A Nigerian, Chimezie Nwabueze, has been arrested by the Canadian Police for his alleged involvement in a $600,000 romance scam. A statement on the website of the Peel Regional Police disclosed that Nwabueze was arrested on April 28. The statement noted that Nwabueze had allegedly lied to his victims that he owned an oil rig in the Middle East, which he needed money to sort out with the promise of repayment. Nwabueze was said to have cut off communication with the victims when they confronted him, leaving the victims with…

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