Business
Explore our curated collection of business stories, expert insights, and the latest developments from across the continent.
Fidelity Bank Redeems $400m Eurobond At Maturity
Fidelity Bank Plc has redeemed its 400-million-dollar Eurobond issued in 2021, fulfilling its principal and interest repayment obligations at maturity. The bank says the repayment was funded through internally generated liquidity and a dedicated sinking fund, reinforcing its financial management and commitment to investors.
Fidelity Mnsobile App Simplifies Everyday Banking Transactio
The Fidelity Mobile App simplifies everyday banking by enabling customers to transfer money, pay bills, purchase airtime and manage account activities conveniently. With digital services, including eligible cross border payments, the app helps customers save time, manage finances more efficiently and enjoy greater flexibility while maintaining safe banking practices.
Fidelity Bank Urges Lagos SMEs to Embrace Digital Solutions for Sustainable Growth
Fidelity Bank has urged Lagos-based small and medium-sized enterprises to adopt digital solutions, maintain proper financial records and comply with tax regulations to improve competitiveness and achieve sustainable growth. The call was made at the bank’s SME Quarterly Business Forum, which focused on business development, financing and digital innovation.
Fidelity Bank Wins Two Honours at 2026 BAFI Awards
Fidelity Bank Plc has won two honours at the 2026 BusinessDay Banks and Other Financial Institutions Awards, with Managing Director Nneka Onyeali-Ikpe named for Excellence in Banking Leadership and the bank recognised as Best Bank in Oil and Gas Financing.
Fidelity Bank Recognises Beauty Industry Leaders at Beauty in the Motherland 2026
Fidelity Bank has reaffirmed its support for Nigeria’s beauty industry and women-owned businesses at Beauty in the Motherland 2026, where its Managing Director, Dr Nneka Onyeali-Ikpe, received a special recognition award. The bank also provided financial, digital payment and business advisory services to participating entrepreneurs.
Shareholders Commend Fidelity Bank’s Strong Financial Performance
Fidelity Bank shareholders have commended the bank’s Board and Management for strong financial performance, improved asset quality and a successful capital raise. The bank recorded a 45.6 per cent increase in gross earnings to 1.52 trillion naira in 2025, while profit after tax stood at 242.4 billion naira.
How Nigerians Abroad Can Grow Wealth at Home Throughiaspora Banking
Fidelity Bank’s refreshed Diaspora Fixed Deposit proposition offers Nigerians abroad the opportunity to grow their savings through competitive interest rates, multiple currency options and flexible deposit tenors, supporting wealth management and long-term financial planning in Nigeria.
Customer Service Week: Why Human Connection Still Matters In An Age Of AI
Organisations have been urged to prioritise human interaction in customer service, despite the growing use of artificial intelligence. Union Bank’s Chief Brand and Marketing Officer, Olufunmilola Aluko, says frontline workers should be equipped to resolve customer complaints, while technology should handle routine enquiries. She also called for stronger complaint resolution, reliable service channels and greater accountability to build customer trust.
Debit Card, Credit Card Differ In Spending, Repayment Options
Debit and credit cards offer different payment options, with debit cards drawing directly from available bank funds and credit cards providing access to approved borrowing facilities. Consumers are advised to choose cards based on their spending needs, financial capacity and ability to meet repayment obligations. Fidelity Bank offers various debit and credit card options, including premium cards with travel and lifestyle benefits.
Polaris Bank Marks Customer Service Week With ‘The Extra Mile
Polaris Bank will join organisations worldwide to celebrate the 2026 Customer Service Week from October 5 to 9 under the theme, **“The Extra Mile.”** The bank says the celebration will focus on improving customer experience, recognising employees who demonstrate exceptional service and using customer feedback to strengthen service delivery across its branches and digital platforms.
Polaris Bank Pledges Better Customer Experience as Service Week Begins
Polaris Bank will mark the 2026 Customer Service Week from October 5 to 9 under the theme, “The Extra Mile,” reaffirming its commitment to improving customer experience, recognising exceptional service and using customer feedback to strengthen service delivery across its physical and digital channels.
Women Seek More Than Finance as Demand for Support Communities Grows
Women are increasingly turning to communities that provide more than financial services, seeking access to funding, mentorship, business education, networking opportunities and wellness support to achieve personal and professional growth. The article highlights how women-focused platforms such as HerFidelity are helping bridge gaps in access to capital and knowledge while creating supportive networks that empower women entrepreneurs, professionals and leaders to thrive and contribute to economic development.
Kano Social Protection Agency Visits Lagos to Study Planning, Data Management
The Kano State Social Protection Agency has begun a two-day knowledge-sharing visit to the Lagos State Ministry of Economic Planning and Budget to learn from Lagos’ experience in development planning, social protection coordination, data management and citizen engagement. The Lagos State Permanent Secretary, Mrs. Olayinka Ojo, said the state had established a dedicated Social Protection Coordinating Department and developed systems for community-level data collection and targeted planning. She also disclosed that consultations had been concluded across communities to gather residents’ priorities for the 2027 budget.
Benin-Asaba Expressway Concession Company Appoints Emmanuel Onwodi as COO
The Benin-Asaba Expressway Concession Company Limited has appointed infrastructure and Public-Private Partnership specialist, Dr Emmanuel Onwodi, as its Chief Operating Officer. Onwodi, a chartered accountant and former senior official of the Infrastructure Concession Regulatory Commission, has over 25 years of experience in infrastructure development, concession management, project finance, risk management, transport and logistics. In his new role, he will oversee operational execution of the Benin-Asaba Expressway concession, coordinate stakeholders and support project delivery. The company said his experience in infrastructure finance and complex concession arrangements would strengthen efforts to deliver the highway linking Edo and Delta states.
Two Arraigned in Lagos Over Alleged False Publication on Access Bank Operations
Two women, Idorenyin Samuel Umoh and Fineness Monday Esu, have been arraigned before the Federal High Court in Lagos over alleged false publications claiming that Access Bank Plc would shut down its operations from September 23, 2026. The Nigeria Police Force accused the defendants of circulating the claims through Facebook and WhatsApp and urging customers to close their accounts and withdraw their funds. Both defendants pleaded not guilty to the three-count charge. Justice Akintayo Aluko ordered their remand in the custody of the Nigerian Correctional Service and adjourned the case until November 25, 2026, for trial, with the defence expected to file a formal bail application.
Fidelity Bank Promotes 433 Employees, Expands Investment in Workforce Development
Fidelity Bank Plc has promoted 433 employees, representing 13 per cent of its workforce, in its 2026 Promotion and Notch Award Exercise. The bank said the initiative reflects its commitment to rewarding performance, recognising excellence and developing future leaders. Fidelity Bank also highlighted ongoing investments in employee welfare, including salary reviews, expanded mortgage support, staff transportation, healthcare and professional development programmes aimed at enhancing productivity and workplace satisfaction. The bank said these efforts form part of its broader strategy to attract, retain and develop top talent while strengthening its position as a leading employer in Nigeria’s financial services sector.
Benin Asaba Expressway: BAECC Promises Faster Construction From October
The Benin Asaba Expressway Concession Company Limited, BAECC, has appealed to motorists and host communities for patience, promising to accelerate permanent construction works on the 125 kilometre highway from October as rainfall subsides.
Fidelity Bank Offers Two Minute Digital Route for Dangote Refinery IPO Subscription
Fidelity Bank has introduced fast digital and branch based options for investors to subscribe to the Dangote Petroleum Refinery IPO, including Virtual Accounts for non customers in Nigeria and abroad.
Fidelity Bank to Host Kano Business Forum on Growth Opportunities for Northern SMEs
Fidelity Bank Plc is set to host its Quarterly Business Forum in Kano on September 2, 2026, bringing together entrepreneurs, business owners and industry stakeholders to explore opportunities for growth across Northern Nigeria. Themed “Positioning Northern Businesses for Growth,” the forum will focus on access to finance, financial management, digital solutions, market expansion and sustainable business development, as part of the bank’s broader support for Nigeria’s SME sector.
Fidelity Bank’s EduLoan Helps Private Schools Prepare for 2026/2027 Session
Fidelity Bank’s EduLoan is designed to help eligible private schools manage the financial demands of the 2026/2027 academic session, including working capital, facility upgrades, learning materials, school buses, salaries and expansion. The short-term loan or overdraft facility is structured around school fee collection cycles, helping proprietors manage cash flow while investing in sustainable growth.
Fidelity Bank Backs Northern SMEs at Kano Business Forum
Fidelity Bank has reaffirmed its commitment to supporting Northern businesses through its Quarterly Business Forum in Kano, providing entrepreneurs with insights on access to finance, business management, capacity building and sustainable growth. The bank said it would continue to support SMEs through financing, advisory services, market access and strategic partnerships.
Fidelity Bank Supports Over 1,000 Families in Kogi Through Food Bank Initiative
Fidelity Bank Plc has supported more than 1,000 families in Kogi State with essential food items through its Fidelity Food Bank Initiative, as part of efforts to tackle food insecurity and support vulnerable communities.
Fidelity Bank Donates Over 2,000 Food Packs to Abeokuta Residents
Fidelity Bank Plc has donated over 2,000 food packs to residents of Abeokuta, Ogun State, through its Fidelity Food Bank Initiative, reinforcing its commitment to food security and community development.
UNION BANK ATTAINS PCI DSS 4.0.1 CERTIFICATION, STRENGTHENS CARD DATA SECURITY
Union Bank of Nigeria has attained PCI DSS version 4.0.1 certification, reaffirming its commitment to protecting customers’ payment card data. The certification follows a year-long assessment covering key banking and payment operations and ensures the bank maintains continuous compliance with global data security standards.
NPS Records 26.55 Million Transactions as FirstBank, Fidelity Lead in Volume and Value
The Nigeria Inter-Bank Settlement System (NIBSS) Plc has begun rolling out the National Payment Stack (NPS), an ISO 20022-compliant infrastructure set to replace the NIBSS Instant Payment (NIP) system. The platform aims to modernise Nigeria’s financial ecosystem by unifying payments, identity, and data on a single rail, while enabling multi-currency and cross-border transactions.
Union Bank CRO Highlights Integrity As Financial Institutions’ Most Valuable Asset
**Excerpt / Summary** Union Bank of Nigeria’s Chief Risk Officer, Eyitayo Quadri, has emphasised that integrity remains the most valuable asset for financial institutions, arguing that the greatest risks often stem from failures of character rather than financial models. Citing global and Nigerian fraud data, he warned that insider abuse and weak ethical leadership can cause significant financial and reputational damage. Quadri urged organisations to strengthen governance, risk culture and accountability systems, stressing that trust and integrity are critical to long-term institutional success.
Union Bank CRO Highlights Integrity As Financial Institutions’ Most Valuable Asset
**Excerpt / Summary** Union Bank of Nigeria’s Chief Risk Officer, Eyitayo Quadri, has emphasised that integrity remains the most valuable asset for financial institutions, arguing that the greatest risks often stem from failures of character rather than financial models. Citing global and Nigerian fraud data, he warned that insider abuse and weak ethical leadership can cause significant financial and reputational damage. Quadri urged organisations to strengthen governance, risk culture and accountability systems, stressing that trust and integrity are critical to long-term institutional success.
Advertising Professionals Urged To Evolve As AI Reshapes Industry
Advertising industry leaders have urged agencies and professionals to adapt to rapid changes driven by artificial intelligence, data analytics and shifting consumer behaviour. Speaking at the Association of Advertising Agencies of Nigeria (AAAN) annual meeting in Lagos, stakeholders stressed that while technology is transforming the industry, human creativity, strategic thinking and cultural understanding remain essential.
Sanwo-Olu Commissions Nigeria’s First Integrated Energy Hub in Lagos
Governor Babajide Sanwo-Olu has inaugurated Nigeria's first integrated energy hub in Oshodi, describing it as a major milestone in the country's transition to cleaner, affordable and sustainable energy while advancing Lagos' clean mobility agenda.
Union Bank CEO,Yetunde Oni,Encourages Women to Pursue Leadership Opportunities
Union Bank Managing Director and Chief Executive Officer, Yetunde B. Oni, has urged professionals to embrace opportunities despite self doubt, saying confidence is built through action and experience. She also highlighted the importance of integrity, inclusive leadership, psychological safety, and creating workplace cultures where people can thrive and reach their full potentia
Fidelity Bank Extends Food Relief to Over 1,000 IDPs in Plateau
Fidelity Bank Plc has distributed food items to more than 1,000 internally displaced persons in Plateau State through its Fidelity Food Bank Initiative. The intervention, carried out in partnership with the Plateau State SDGs Office and ABBASID Charity Foundation, aims to reduce hunger and provide relief to vulnerable families affected by displacement.
Dangote Refinery Resumes Petrol Sales in Naira, Raises Ex-Depot Price to ₦1,215 Per Litre
Dangote Petroleum Refinery has resumed the sale of petrol in naira after briefly switching to dollar-denominated transactions, but has increased its ex-depot price by ₦140 per litre from ₦1,075 to ₦1,215. The refinery said the revised pricing takes immediate effect, while industry stakeholders believe the return to naira sales will help stabilize fuel supply despite concerns that the higher wholesale price could trigger further increases in pump prices across the country.
Fidelity Bank Chairman Amaka Onwughalu Named Woman of the Year at AMTY Awards
Chairman of Fidelity Bank Plc, Mrs. Amaka Onwughalu, has been named Woman of the Year at the 5th Anambra Man of the Year Awards in recognition of her contributions to banking, corporate governance and leadership. Receiving the award in Awka, Anambra State, she described the honour as especially meaningful and dedicated it to the mentors, colleagues and institutions that have supported her career. She also encouraged young women to pursue their ambitions with courage, discipline and confidence.
Sanwo-Olu Calls for Stronger Partnerships, Investment to Drive Africa’s Development
Lagos State Governor Babajide Sanwo-Olu has called for stronger partnerships and increased investment to bridge Africa’s development financing gap and accelerate sustainable growth. Speaking at the 2026 Africa Social Impact Summit in Lagos, he stressed the need for collaboration among governments, private investors and development institutions to fund critical sectors such as infrastructure, healthcare, education and clean energy. The governor also highlighted the opportunities in Africa’s green economy and urged stakeholders to mobilise resources, deepen capital markets and create investment-friendly policies to drive inclusive development across the continent.
Access Holdings, Coronation Celebrate Success of Nigerian Modernism Exhibition at Tate Modern
Access Holdings Plc and Coronation Group have celebrated the success of the Nigerian Modernism exhibition at Tate Modern, London, which attracted more than 180,000 visitors and showcased nearly 300 works by over 50 Nigerian artists. The exhibition highlighted the global significance of Nigerian art and strengthened conversations around African creativity, identity and cultural diplomacy.
Access Holdings, Coronation Celebrate Success of Nigerian Modernism Exhibition at Tate Modern
Access Holdings Plc and Coronation Group have celebrated the success of the Nigerian Modernism exhibition at Tate Modern, London, which attracted more than 180,000 visitors and showcased nearly 300 works by over 50 Nigerian artists. The exhibition highlighted the global significance of Nigerian art and strengthened conversations around African creativity, identity and cultural diplomacy.
Fidelity Bank Backs $3bn SNEPCo Contractor Finance Facility for Oil, Gas Sector
Fidelity Bank Plc has strengthened its support for Nigeria’s oil and gas industry through participation in a $3 billion Contractor Finance Facility launched by Shell Nigeria Exploration and Production Company (SNEPCo) and nine banks. The initiative is designed to improve access to funding for indigenous contractors and boost local participation in the energy sector.
Fidelity Bank Renovates Lagos Orphanage, Pays School Fees for Children
Fidelity Bank Plc has improved learning and living conditions for children at Heritage Homes Orphanage in Lagos through renovations, food donations, fumigation and the payment of school fees. The intervention was carried out under the Bank’s employee-led Fidelity Helping Hands Programme.
LSETF Sensitises IBA LCDA Residents on Business Loans, Entrepreneurship Opportunities
The Lagos State Employment Trust Fund has sensitised vocational trainees and entrepreneurs in IBA LCDA on available business loans and entrepreneurship support programmes. The initiative, held to commemorate the 2026 World Youth Skills Day, aims to expand access to finance, promote entrepreneurship and create sustainable employment opportunities across Lagos State.
Lagos State Government Expands Fire Service Capacity, Saves ₦118 Billion Worth of Property
Lagos State has expanded its emergency response capacity with 11 additional fire stations, 62 modern firefighting vehicles and 150 newly recruited firefighters. Governor Babajide Sanwo-Olu disclosed that emergency responders saved over ₦118 billion worth of property and rescued more than 1,900 lives in 2025, as the state intensifies efforts to improve fire safety and disaster management.
NOG Energy Week 2026 Ends with Focus on Investment, Innovation and Energy Security
NOG Energy Week 2026 has ended in Abuja with industry leaders calling for increased investment, stronger infrastructure, technological innovation and a balanced energy transition. Stakeholders highlighted the importance of natural gas, local content development and regulatory stability in driving Africa's energy growth and competitiveness.
Access Bank UK Polo Day to Rally Global Support for Education of Vulnerable Children
Access Bank UK will host its 2026 Polo Day in Windsor on July 4, bringing together global business leaders, philanthropists and royalty to raise support for education initiatives targeting vulnerable children. The event seeks to expand access to quality education through partnerships and fundraising efforts that have already benefited thousands of children in underserved communities.
Fidelity Bank Partners YEIDEP to Drive Youth Empowerment, Entrepreneurship
Fidelity Bank has partnered with the Youth Economic Intervention and De-radicalization Programme (YEIDEP) to support youth empowerment, entrepreneurship and financial inclusion. The collaboration will facilitate the enrolment of thousands of students and young Nigerians into the Federal Government-backed initiative, with the next phase scheduled to hold at Nnamdi Azikiwe University, Awka.
Fidelity Bank Wins DBN Award for Expanding Credit Access to First-Time MSME Borrowers
**Excerpt:** Fidelity Bank Plc has been recognised by the Development Bank of Nigeria (DBN) with the Service Ambassadors Award for the Highest Impact on MSMEs Accessing Credit for the First Time. The award acknowledges the bank’s success in expanding access to formal financing for previously unbanked and credit-excluded small businesses, reinforcing its commitment to financial inclusion, entrepreneurship and economic growth across Nigeria.
Fidelity Bank Donates School Packs to Over 600 Pupils in Plateau
Fidelity Bank Plc has donated back-to-school packs to more than 600 pupils across the 17 Local Government Areas of Plateau State as part of its commitment to education and community development. The initiative, implemented through the Fidelity Helping Hands Programme, provided beneficiaries with school bags containing exercise books, writing materials, mathematical sets and water bottles. The intervention also included physically challenged children, reflecting the bank’s commitment to inclusion and equal access to educational support.
Fidelity Bank Trains Exporters to Harness AfCFTA Opportunities
Fidelity Bank Plc has reinforced its commitment to Nigeria’s non-oil export growth by training exporters, entrepreneurs and trade professionals through the 19th edition of its Export Management Programme (EMP 19). Organised in collaboration with Lagos Business School and the Nigerian Export Promotion Council, the programme equipped participants with practical knowledge, market intelligence and strategic insights needed to leverage opportunities under the African Continental Free Trade Area (AfCFTA) and compete effectively in international markets.
Shareholders Back Access Holdings’ Long Term Value Creation Strategy
**Excerpt:** Shareholders of Access Holdings Plc have expressed strong confidence in the group's long-term value creation strategy, backing management’s decision to prioritise strategic investments and regulatory compliance over dividend payments for the 2025 financial year. Investors cited the company’s strong earnings performance, expanding asset base, and clear growth roadmap as reasons for their optimism, noting that the group remains well-positioned to deliver sustainable returns and unlock greater shareholder value in the years ahead.
Union Bank CEO Shares Leadership Lessons with Lateef Jakande Leadership Academy Fellows
**Excerpt:** Managing Director and Chief Executive Officer of Union Bank of Nigeria, Yetunde B. Oni, has encouraged young Nigerian leaders to prioritize personal growth, resilience, and relationship-building as essential qualities for effective leadership. Speaking to 30 fellows of the Lateef Jakande Leadership Academy, she shared lessons from her over three-decade career and introduced her “THRIVE” framework, which emphasizes ownership of relationships, continuous learning, wellbeing, self-belief, and embracing setbacks as part of success.
Fidelity Bank Empowers 1,950 Nigerians in Anambra
**Excerpt:** Fidelity Bank Plc has empowered 1,950 beneficiaries in Anambra State through a comprehensive intervention programme that provided vocational tools, financial support, food relief, and educational resources. The initiative, implemented in partnership with Healthy Living with Nonye Soludo, saw 200 women receive sewing and grinding machines, N25 million in seed capital disbursed, 1,500 food packs distributed to vulnerable households, and 250 solar-powered school bags presented to schoolchildren. The programme underscores Fidelity Bank’s commitment to economic inclusion, community development, and sustainable social impact across Nigeria.
Polaris Bank Deepens Financial Literacy Drive, Trains Students in Katsina
Polaris Bank has strengthened its financial literacy campaign by training 90 students and 10 teachers at Community Day Secondary School in Charanchi Local Government Area of Katsina State as part of Global Money Week 2026. The programme focused on savings, budgeting, responsible spending, financial discipline, and informed decision-making. Polaris Bank Managing Director, Kayode Lawal, said the initiative reflects the bank’s commitment to youth empowerment and financial inclusion by equipping young Nigerians with essential money management skills for future success.
Fidelity Bank Reaffirms Commitment to MSMEs, Unveils Growth Support Initiatives at Port Harcourt SME Forum
Fidelity Bank Plc has reaffirmed its commitment to supporting the growth of Micro, Small and Medium-scale Enterprises (MSMEs) through strategic initiatives that go beyond traditional banking services.
Union Bank Reaffirms Commitment to Education at 12th Maltina Teacher of the Year Competition
Union Bank of Nigeria has reaffirmed its commitment to education at the launch of the 12th edition of the Maltina Teacher of the Year Competition in Lagos. Speaking at the event, the bank's Chief Brand and Marketing Officer, Olufunmilola Aluko, described education as a strategic investment and highlighted the bank's Edu360 initiative, which supports teachers, promotes digital and STEM education, and expands learning opportunities for underserved communities.
Union Bank’s “Endless Possibilities” Campaign Wins Bronze at 2026 Pitcher Awards
Union Bank of Nigeria’s “Endless Possibilities” campaign has won Bronze in the Heritage category at the 2026 Pitcher Awards, recognising its blend of storytelling, cultural heritage and brand innovation. The campaign also earned a Film Craft shortlist for its creative execution.
Union Bank’s “Endless Possibilities” Campaign Wins Bronze at 2026 Pitcher Awards
Union Bank of Nigeria’s “Endless Possibilities” campaign has won Bronze in the Heritage category at the 2026 Pitcher Awards, recognising its blend of storytelling, cultural heritage and brand innovation. The campaign also earned a Film Craft shortlist for its creative execution.
FidBank UK Expands Investment Opportunities for Nigerians in UK Real Estate Market
FidBank UK Limited has unveiled plans to support Nigerians and businesses seeking investment opportunities in the United Kingdom, particularly in the real estate sector. Through its FidBank Buy-to-Let product, the bank aims to provide tailored financial solutions for high-net-worth individuals interested in acquiring UK properties. The initiative was showcased at an exclusive event hosted by Jonny Baxter in Lagos, where stakeholders highlighted the growing economic and financial ties between Nigeria and the United Kingdom.
Fidelity Bank Launches Quarterly Business Forum to Support SME Growth
**Excerpt / Summary:** Fidelity Bank Plc is set to launch the Fidelity Quarterly Business Forum, a new platform designed to support the growth of small and medium enterprises across Nigeria. The initiative will bring together business leaders, entrepreneurs, policymakers and industry experts to discuss business opportunities, economic trends and sustainable growth strategies. The maiden edition is scheduled to hold in Port Harcourt on June 3, 2026, featuring keynote presentations, business outlook sessions and networking opportunities aimed at strengthening the capacity and profitability of SMEs.
Wema Bank Targets Tier-One Status as Profit Rises to N221.9bn
Wema Bank Plc says it is intensifying efforts to attain tier-one banking status following a significant rise in profitability. Speaking at the bank’s Annual General Meeting in Lagos, Managing Director and Chief Executive Officer, Moruf Oseni, disclosed that profit grew from N42 billion three years ago to N221.9 billion in the 2025 financial year. He attributed the growth to disciplined execution, structural reforms and long-term investments. The bank also plans to expand its loan portfolio, strengthen digital banking services and improve cybersecurity infrastructure using proceeds from its recent capital raise.
Fidelity Bank Extends Food Bank Initiative to Thousands in Surulere
Fidelity Bank Plc has distributed food packs to over 1,500 residents of Surulere, Lagos, under its Fidelity Food Bank initiative in partnership with the Office of the Personal Assistant to the President on Constituency Affairs and the SAO Foundation. The bank said the programme, which has delivered more than 150,000 food packs nationwide since inception, is aimed at combating hunger and supporting vulnerable communities.
Sterling Financial Holdings Records Strong Growth as Assets Surpass ₦4 Trillion
Sterling Financial Holdings Company has reported strong financial growth for FY2025 and Q1 2026, with total assets surpassing ₦4 trillion for the first time. The Group recorded significant increases in gross earnings, profits, customer deposits, and shareholders’ funds, driven by improved operational efficiency, recapitalisation efforts, and continued expansion across its banking and wealth-management businesses.
Union Bank Wins ASBON Award for SME Banking Initiatives
Union Bank of Nigeria has received the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria in recognition of its support for small and medium-sized enterprises. Presented at the Nigeria National SME Business Awards in Lagos, the award highlights the Bank’s efforts in simplifying banking for SMEs through innovative digital platforms and customer-focused financial solutions.
Polaris Bank Partners Cyclotron Club to Advance LiveWell Initiative and Promote Healthy Living
### Excerpt / Summary Polaris Bank has partnered with Cyclotron Cycling Development Initiatives, also known as Cyclotron Club, to strengthen its *LiveWell by Polaris* wellness initiative focused on healthy living, preventive healthcare, and overall wellbeing. Unveiled in Lagos, the collaboration will promote fitness campaigns, cycling advocacy, and social impact programmes including the Ride for Autism initiative, while encouraging healthier lifestyles and community development across Nigeria.
Fidelity Bank Gross Earnings Rise 45% as Shareholders’ Funds Surpass N1 Trillion
Fidelity Bank Plc recorded a 45 percent increase in gross earnings to N1.5 trillion for the 2025 financial year, driven by growth in interest income, non-interest revenue, and investment assets. Net interest income rose to N831.3 billion, while customer deposits increased to N6.89 trillion, reflecting stronger earnings capacity and sustained customer confidence. The bank’s shareholders’ funds also surpassed N1 trillion following a fresh capital injection through a private placement exercise completed in December 2025. Total assets grew to N10.46 trillion, positioning the bank for larger transactions, expanded lending activities, and future regional growth opportunities.
Fidelity Bank Deepens Footprint in Nigeria’s Aviation Financing Sector
Fidelity Bank Plc has strengthened its reputation as a major supporter of Nigeria’s aviation sector through strategic financing partnerships with indigenous airlines including Air Peace, Ibom Air, and Enugu Air. The bank provided critical funding support for aircraft acquisition, fleet expansion, and operational growth at a time when many financial institutions were reluctant to invest in the sector. Industry stakeholders say Fidelity Bank’s consistent backing has contributed to the growth of local airlines and improved confidence in aviation financing. Analysts also believe recent reforms, including Nigeria’s adoption of the Cape Town Convention Practice Direction led by Kashim Shettima and Festus Keyamo, could further encourage investment and ease access to aircraft financing in the country.
Polaris Bank Wins Jobberman Award for Youth Employment Support
Polaris Bank has been honoured with the Private Sector Champion Award at the 2026 Jobberman Partners’ Convening for its contributions to youth employment and talent development in Nigeria. The award recognised the bank’s efforts in recruitment, graduate trainee programmes, workforce inclusion, and strategic partnerships aimed at creating sustainable career opportunities for young Nigerians. Speaking at the event organised by Jobberman, Cynthia Sanyaolu reaffirmed the bank’s commitment to empowering youths through initiatives such as the Polaris Graduate Intensive Training and Polaris Tech Ignite Training programmes.
Fidelity Bank Supports Abuja Special Needs Orphanage Through Employee-Led Initiative
Fidelity Bank Plc has provided funding support to the JKS Special Needs Academy in Abuja through its Fidelity Helping Hands Programme, an employee-driven corporate social responsibility initiative. The support, facilitated by newly recruited staff known as Team Valorem, will help secure accommodation and continued care for vulnerable children with special needs. Speaking during the outreach, Meksley Nwagboh said the initiative reflects the bank’s commitment to health, social welfare, and youth empowerment. Director of the academy, Nifemi Ajileye, described the intervention as timely, noting that it would help sustain operations and support children requiring medical care and therapy.
Union Bank Takeover Faces Fresh Scrutiny as New Allegations Surface Over Titan Trust Deal Financing
Fresh allegations have raised questions about the 2022 acquisition of Union Bank of Nigeria by Titan Trust Bank, with reports suggesting that a $300 million loan from Afreximbank may have been used to finance the deal. According to the claims, some assets linked to Union Bank were allegedly used as part of the collateral structure for the acquisition loan, a situation that has sparked concerns about how the transaction was structured.
Providus Bank Expands Presence with Ekiti Branch, Reaffirms Capital Strength
Providus Bank Plc has opened a new branch in Ado-Ekiti as part of its ongoing expansion strategy aimed at strengthening its presence across key markets in Nigeria. The bank, which confirmed it has met the Central Bank of Nigeria’s recapitalisation requirement, says the expansion is designed to support financial inclusion and improve access to banking services for individuals and businesses. Management noted that more branches are planned in strategic locations over the coming year, as the bank continues to position itself for sustainable growth and stronger support for economic activities nationwide.
Sterling, Partners To Drive Nationwide Cleanup Movement across Nigeria
Sterling Bank, in partnership with Sterling One Foundation and other stakeholders, will launch The Great Nigeria Cleanup on April 25, 2026, a nationwide environmental campaign aimed at tackling plastic waste and promoting cleaner communities across Nigeria. The initiative will run across all six geopolitical zones, including major states such as Lagos, Abuja, Kano, Enugu and others, with the goal of mobilising citizens for community-led environmental action. Organisers say the project is designed to encourage shared responsibility for the environment and address growing challenges of waste management and urban pollution across the country.
Fidelity Bank Boosts SME Growth with April 2026 Master class Series
Fidelity Bank Plc has launched a series of SME masterclasses in April 2026 aimed at strengthening small businesses in Nigeria through practical training in pricing, digital marketing, production skills and international trade readiness. Held at the Fidelity SME Hub in Lagos, the programme began with a pricing-focused session and includes additional workshops on food business development, online sales growth and export advisory services. The initiative is part of the bank’s broader effort to support SMEs with capacity building, market access and tools to improve profitability and competitiveness in both local and global markets.
Union Bank Deepens Financial Inclusion Efforts with ₦150m Lending Push to Underserved Businesses
Union Bank of Nigeria is leading efforts to expand financial inclusion in Nigeria by targeting the country’s large informal economy, where millions of traders, artisans, and small business owners remain outside the formal banking system. Through its *alpher* initiative, the bank has provided over ₦150 million in cash-flow-based loans and extended credit to underserved market clusters, alongside financial literacy support and access to banking services for previously unbanked entrepreneurs. The initiative responds to Nigeria’s persistent inclusion gap, highlighted by the Enhancing Financial Innovation & Access, which estimates that a significant share of adults remain financially excluded, and the World Bank, which identifies limited access to finance as a key barrier to SME growth. Under the leadership of Yetunde B. Oni, Union Bank is strengthening its inclusion agenda through tailored financial solutions designed around real income patterns in Nigeria’s informal economy.
Somalia–Türkiye Energy Partnership Reaches Milestone with Arrival of Cagri Bey Vessel
The Somalia–Türkiye energy partnership has reached a new milestone with the arrival of the Cagri Bey drilling vessel in Mogadishu, advancing joint efforts in offshore exploration and economic cooperation.
Access Holdings Raises Alarm Over Impersonation Scam Targeting Investors
Access Holdings has warned the public about a WhatsApp-based impersonation scam targeting investors using its chairman’s identity, urging Nigerians to verify investment information through official channels and avoid sharing personal data online.
Rite Foods, ATF Provide Free Medical Services to Over 400 Residents in Ogun
Rite Foods Limited and ATF have provided free medical services to over 400 residents in Ogun State, offering consultations, eye care, dental services, and medication as part of efforts to improve healthcare access in underserved communities.
Dangote Refinery Holds PMS Price Steady Amid Market Concerns
Dangote Petroleum Refinery & Petrochemicals has maintained its petrol pricing, keeping rates unchanged despite market uncertainties. The move is expected to support stability in Nigeria’s downstream sector while ensuring consistent fuel supply across local and regional markets.
United Nations Deputy Chief Endorses Dangote Model to Tackle Africa’s Food Crisis
Amina Mohammed has endorsed the industrial model of Dangote Industries Limited, particularly Dangote Fertiliser Limited, as a critical solution to Africa’s growing food security crisis, stressing the need for global partnerships to scale such initiatives. During her visit to the company’s Lekki facility, Aliko Dangote highlighted increased exports of fertiliser and petroleum products across Africa, while calling for improved access to crude oil to boost production efficiency and support regional energy and food stability.
Sanwo-Olu Pledges More Reforms as Lagos Tops Ease of Doing Business Rankings
Lagos State has been ranked among Nigeria’s top-performing states in ease of doing business, with Governor Babajide Sanwo-Olu pledging continued reforms to strengthen investment climate and economic growth.
Dangote refinery reduces petrol gantry price to ₦1,200/litre
The Dangote Group has announced a reduction in petrol gantry price at the Dangote Petroleum Refinery & Petrochemicals to ₦1,200 per litre, with a coastal price of ₦1,153 per litre, a move expected to influence fuel supply costs and downstream pricing across Nigeria. According to spokesperson Anthony Chiejina, the adjustment reflects a downward revision in pricing amid global oil market uncertainties, particularly geopolitical tensions in the Middle East. The development is expected to prompt marketers to reassess landing costs and could lead to a slight reduction in pump prices nationwide, depending on distribution dynamics.
LAGOS STATE LAUNCHES ONLINE RELIGIOUS PREMARITAL COUNSELLING COURSE TO STRENGTHEN FAMILIES
The Lagos State Domestic and Sexual Violence Agency (DSVA) has launched a free online religious premarital counselling course aimed at strengthening families and preventing domestic violence. The programme will equip pastors, imams, and faith counsellors with the knowledge and tools to better prepare couples for marriage, focusing on communication, conflict resolution, and emotional responsibility. The course is available online at **safeguardingfamilies.org.ng**.
LAGOS STATE GOVERNMENT REAFFIRMS COMMITMENT TO DISCIPLINED PROPERTY INVESTMENT AT 2026 BUSINESS DAY CONFERENCE
Governor Babajide Sanwo-Olu has reaffirmed Lagos State’s commitment to disciplined and structured property investment as a driver of sustainable urban growth and economic resilience. Speaking at the 2026 BusinessDay Property and Smart Cities Conference organised by BusinessDay Media Limited, the Governor said the state is strengthening planning systems, digitising land administration, promoting affordable housing through public-private partnerships, and advancing climate-resilient infrastructure to enhance investor confidence and long-term prosperity.
Real Madrid Edge Barcelona in Thrilling El Clásico Clash
Real Madrid secured a dramatic victory over Barcelona in a pulsating El Clásico encounter, with a late goal sealing all three points. The match delivered high intensity, tactical brilliance, and moments of individual magic, keeping fans on the edge of their seats. The win strengthens Madrid’s position in the title race, while Barcelona are left to regroup after a hard-fought battle.
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