Brand & Business

“Buy Africa, it’s not inferior”: Ogbonna, Mene, Zubairu Chart Path for Developing Continental Trade at Africa CEO Forum

— L-R: Wamkele Mene, Secretary General of the AfCFTA; Samaila Zubairu, President & CEO of Africa Finance Corporation (AFC); Trudi MAKHAYA, Partner, BCG, and Roosevelt Ogbonna, Managing Director/CEO, Access Bank, shortly after their conversation on ‘Fast-tracking African Integration: The Private Sector Imperative’, held at the Africa CEO Forum in Abidjan, Côte d’Ivoire… recently. At the Africa CEO Forum, leaders from across the continent gathered to discuss… []

Fidelity Bank Reclaims Trillion-naira Market Cap as Stock Rises to ₦21

By St. Johnson Adegboyega  Leading financial institution, Fidelity Bank Plc, has reentered the trillion-naira market capitalisation club, after its share price rose by 5.3%, climbing from ₦19.95 to ₦21.00 on May 13, 2025, according to data from the Nigerian Exchange Limited (NGX). This latest development also brings the total number of Nigerian companies with a trillion-naira market capitalisation to 19. According to a report published… []

Global Money Week: Unity Bank Deepens Commitment to Financial Literacy with Nationwide Youth Outreach

— Global Money Week: Representative of Unity Bank MD, Mr. William Odigie, Zonal Head South- South, South East addressing students at Boys Model Secondary School, Owerri, Imo State   By St. Johnson Adegboyega  In demonstration of its commitment to financial empowerment targeting Youths, Unity Bank Plc has again championed the cause of financial literacy by facilitating Training in 13 secondary schools across Nigeria to commemorate… []

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

Dr. Nneka Onyeali-Ikpe, MD/CEO, Fidelity Bank Plc By St. Johnson Adegboyega 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… []

Unity Bank Launches GenFi, Targets Children, Teens with Gamified Banking Platform

  By St. Johnson Adegboyega  In a bold move to redefine promotion of financial literacy, Nigeria’s retail lender, Unity Bank Plc, has unveiled GenFi, a new digital banking platform tailored to empower kids and teenagers between the ages of 8 and 18 with essential financial skills. The launch follows a report by the Central Bank of Nigeria, which found that only 38% of Nigerian adults… []

Okobi, Esomeju, Otaigbe Join Global Leaders to Discuss Sustainable Finance, Economic Transition at UNEP FI’s Regional Roundtable

  — By Adeola Idris As part of its continued commitment to sustainability, Access Holdings PLC will be amongst the leading participants in the United Nations Environment Programme Finance Initiative (UNEP FI) Regional Roundtable on Sustainable Finance for Africa and Middle East. Taking place from May 6-7, 2025, in Marrakech, Morocco, the event will bring together regulators, policymakers, and key stakeholders from the financial sector… []

Zenith Bank Fetes Shareholders With Dividend Payout Of N195.67 Billion, Promises Qnantum Leap In Future Dividends

L-R: Executive Director, Mr. Adamu Lawani; Executive Director, Mr. Akin Ogunranti; Group Managing Director/Chief Executive, Dame (Dr.) Adaora Umeoji, OON; Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR; Executive Director, Mrs. Adobi Nwapa; Executive Director, Mr. Henry Oroh; and Executive Director, Mr. Louis Odom during the 34th Annual General Meeting of Zenith Bank Plc held at The Civic Centre, Victoria Island, Lagos Shareholders of Zenith… []

Kano Residents Benefit from Fidelity Food Bank Initiative

  –– Fidelity Bank logo By St. Johnson Adegboyega Over 1,500 residents have benefited from a Fidelity Food Bank outreach in Kabuga community, Dala Local Government Area of Kano state. The Corporate Social Responsibility (CSR) initiative, executed in partnership with Misnoory Foundation, saw staff of the bank distribute essential food items to support people during the holy month of Ramadan. Commenting on the distribution event,… []

MTN Nigeria Joins First Bank, Dangote Group Relocates Headquarters To Eko Atlantic

–– MTN  By Adeola ldris MTN Nigeria, the country’s largest mobile network operator, is building its new headquarters in Eko Atlantic, joining a growing list of large firms relocating to the 10-square-kilometer city, including First Bank and Dangote Group. The United States Embassy is also developing a new diplomatic facility in Eko Atlantic, drawn by its promise of high-end infrastructure, modern office spaces, and a… []

Dangote Group Pays N402.3B Tax To Govt In 2024

— Aliko Dangote By St. Johnson Adegboyega The Pan African Conglomerate Dangote Industries Limited, (Dangote Group), and its subsidiaries has disclosed that it paid over N402 billion in taxes in 2024, making it the highest taxpayer in the country. Dangote’s Chief Branding and Communication Officer, Anthony Chiejina, declared during a meeting with some senior media executives who visited him in his Lagos Office that Dangote… []

Polaris Bank Provides Free Breast Cancer Screening for 250 Nigerian Women

  — Polaris Bank logo (file) By Bunmi Onakan Polaris Bank, Nigeria’s leading digital retail commercial Bank, has announced the sponsorship of free breast cancer screening for 250 Nigerian women, in commemoration of 2024 October Breast Cancer Awareness Month. This initiative underscores Polaris Bank’s unwavering commitment to women’s health and is part of the Bank’s long-standing efforts and intervention to support breast cancer awareness behavioral… []

Wema Bank Launches MyTeacherMyHero Challenge to Celebrate Exceptional Educators in Nigeria

By Bunmi Onakan As the world celebrates the invaluable contributions of teachers on World Teachers’ Day, Wema Bank proudly joins this global recognition by launching the #MyTeacherMyHero Challenge to honor and reward exceptional educators in Nigeria. This initiative aligns with the bank’s commitment to the theme, “Valuing Teacher Voices: Towards a New Social Contract for Education.” Abimbola Agbejule, Head of Corporate Sustainability and Responsibility, shares… []

How Nigerian Fintech Lost ₦146 Million initially Recovered From Fraudsters

—- Nigeria Fintech  By St. Johnson Adegboyega  Fraud recovery is an important part of the financial services sector, but sometimes, the funds recovered by fintechs and banks can also be lost to fraudsters. Financial institutions in Nigeria needs to adapt as bad actors continue to follow the money. In the first quarter of 2024, financial institutions reported 11,472 fraud cases in Nigeria. When fraud occurs, banks… []

Strategies Applied By Access, Fidelity, Zenith Banks, Others To Meet Their Recapitalization Targets Revealed

— Collage of Nigerian Banks logo  By St. Johnson Adegboyega  Several Nigerian banks are deploying a combination of traditional, innovative and unconventional strategies to meet that bank recapitalization targets. This is according to information from staff and top executives of some of the commercial banks who spoke to us under the condition of anonymity. Banks including Access Bank, Zenith Bank, Fidelity Bank, and FCMB, are… []

Collaborative Frontier Finance Appoints Chinwe Egwim As Chief Economist and Director of Research and Impact Lab

— Chinwe Egwim  By St. Johnson Adegboyega  Kenya based Collaborative for Frontier Finance (CFF), an Inclusive Finance Company has appointed Nigerian Chinwe Egwim as the Chief Economist and Director of Research and Impact Lab. CFF is renowned for its multi-stakeholder approach to increasing access to capital for small and growing businesses (SGBs) in emerging markets across Africa and the MENA region. Chinwe Egwim brings a… []

Fidelity Bank Affirms Commitment to Data Protection and Strong Corporate Governance

Fidelity Bank logo (File) By Adeola Idris  Our attention has been drawn to a news story titled, “NDPC Fines Fidelity Bank for Data Breach”. While the matter is a subject of an ongoing engagement with the regulator, we wish to assure the public that we have conducted ourselves to the highest ethical standards by ensuring full compliance with extant laws on data protection. Below is… []

1,500 Osun Residents Benefit from Fidelity Food Bank Outreach

— Fidelity Bank logo (file) By St. Johnson Adegboyega  Over 1,500 residents made up of women, children, widows, and the elderly have benefited from the one-day feeding program organized by Fidelity Bank in Osun State. The food bank project was held at St. Benedict Catholic Church, Osogbo, Osun State under the bank’s Corporate Social Responsibility (CSR) Initiative created to reach out to vulnerable persons and… []

1,500 Osun Residents Benefit from Fidelity Food Bank Outreach

— Fidelity Bank logo (file) By St. Johnson Adegboyega  Over 1,500 residents made up of women, children, widows, and the elderly have benefited from the one-day feeding program organized by Fidelity Bank in Osun State. The food bank project was held at St. Benedict Catholic Church, Osogbo, Osun State under the bank’s Corporate Social Responsibility (CSR) Initiative created to reach out to vulnerable persons and… []

NCC Orders Telcos to Block Stolen SIM Cards Within Five Minutes

By Bunmi Onakan  The Nigerian Communications Commission (NCC) has issued a directive requiring all telecommunications companies (telcos) to block stolen subscriber identification module (SIM) cards within five minutes of receiving a report from subscribers. This new mandate is part of the NCC’s efforts to enhance consumer protection and improve service standards across the telecommunications sector. In a recently released publication titled “Quality of Service Business… []

Unity Bank Champions Digital Literacy and Innovation for Youth Empowerment 

—- Unity Bank logo (file) By Adeola Idris  In line with its commitment to supporting youth empowerment and technological innovation, and creating opportunities for Nigerian youths to thrive in the digital economy, Unity Bank Plc recently held a high-impact webinar to explore the role of digital technology in sustainable development. The event drew participants from across Nigeria featuring the Telecommunications, Media and Technology, (TMT) ecosystem including start-ups,… []