NCSP DG Calls for Bold, Collaborative Action at China-Africa CEO Dialogue The Director-General of the Nigeria-China Strategic Partnership (NCSP), Mr. Joseph Tegbe, has called on business and policy leaders from China and Africa to move beyond rhetoric and commit to sustainable, actionable partnerships. Delivering the keynote address at the 2025 China-Africa CEO Dialogue, Mr. Tegbe spoke on the theme “Sustainable Development, Green Energy Cooperation, and Financial Innovation in Africa,” emphasizing that the time for transformational collaborat…
IHS Nigeria and United Nations Global Compact Host High-Level Dialogue on Sustainability and Greener Business Practices in Nigeria L-R: Group Head, Climate and Finance Sustainability, Bank of Industry, Lanre Babalola, General Manager, Regulatory Affairs, MTN Group, Oyeronke Oyetunde, Head of programmmes, UN Global Compact Network Nigeria, Gloria Okorie (Moderator), Director, Sustainability, IHS Nigeria, Titilope Oguntuga, Head, Corporate Sustainability and Responsibility Wema Bank, Abimbola Agbejule after their panel session on Collaborative …
IHS Nigeria and UNICEF Partner to Deliver Emergency Support to Flood-Affected Communities in Niger State L–R: Chief of Field Office & Private Sector Partnerships, UNICEF, Celine Lafoucriere; Director, Government Relations and External Affairs, IHS Nigeria; Gimba Mohammad; UNICEF Representative to Nigeria, Cristian Munduate; Senior Vice President & Chief Corporate Services Officer, IHS Nigeria, Dapo Otunla and Director, Sustainability, IHS Nigeria, Titilope Oguntuga during the Mou Signing between IHS Nigeria and UNICEF on a partnership …
Nigeria, China Deepen Economic Ties at Changsha Investment Dialogue At the recently concluded Nigeria-China Investment Dialogue held in Changsha, the Nigeria-China Strategic Partnership (NCSP) reaffirmed its commitment to advancing sustainable and transformative economic cooperation between the two nations. This commitment was emphasized in a keynote address delivered by the Director-General of NCSP, Mr. Joseph Tegbe, at the high-level forum which convened senior government officials, business leaders, and development stakeholders from both co…
RE: FIDELITY BANK PLC - STATEMENT ON CBN CIRCULAR ON FORBEARANCE LOANS Fidelity Bank Plc (“the Bank”) refers to the recent circular issued by the Central Bank of Nigeria “CBN” (Reference No. BSD/DIR/CON/LAB/018/008) concerning regulatory forbearance on Single Obligor Limit (SOL) and other credit facilities and wishes to provide the clarifications below to its esteemed shareholders, NGX Regulation Limited (NGX RegCo), and other stakeholders: (a) As a responsible financial organization, Fidelity Bank Plc remains committed to ensuring compliance …
Dangote Refinery an Industrial Revolution, Liberating Nigeria – C’tee on Domestic Crude Oil Sales DSC 9618: President/CE, Dangote Industries Ltd (DIL), Aliko Dangote; Coordinator, Technical Committee of the One-Stop Shop (OSS) for Sale of Crude and Refined Products in Naira Initiative, Maureen Ogbonna; Vice President, Oil and Gas, DIL, Devakumar Edwin, look on as Assistant Quality Assurance Officer, Dangote Petroleum Refinery Laboratory, Nwankwor Favour Alex, shows samples of products from the refinery during the visit of the Technical Commit…
Fidelity Bank Distributes Food Packs to 1,500 Mokwa Residents Affected by Flood L-R: Branch Leader, Minna, Fidelity Bank Plc, Mustapha Abubakar; Her Excellency, First Lady of Niger State, Hajiya Fatima Umaru Bago; and the CEO, ABBASID (a Fidelity Food Bank partner), Hajiya Hauwa Abbas; at the Fidelity Food Bank Distribution in Mokwa, Niger State recently. In a swift response to the recent flood that tragically displaced many families in Mokwa, Niger State, Fidelity Bank Plc has donated food packs to over 1,500 affected residents through its Fo…
Airtel Africa plc publishes Sustainability Report 2025 reinforcing commitment to ESG impact while advancing digital and financial inclusion across 14 markets. London, 17 June 2025: Airtel Africa, a leading provider of telecommunications and mobile money services across 14 African countries, today publishes its Sustainability Report 2025, reaffirming its corporate purpose of transforming lives by expanding access to essential digital services, supporting inclusive economic growth, and advancing environmental stewardship throughout its operat…
Fidelity Bank Funds Construction of Nigeria’s First Privately Built Onshore Oil Export Facility in 50 Years In a significant boost to Nigeria’s crude oil production and export capabilities, leading financial institution Fidelity Bank Plc has facilitated the construction of the country’s first privately built and operated onshore crude export terminal in over 50 years. The terminal, located at the Otakikpo Marginal Field in Rivers State and operated by Green Energy International Limited (GEIL), successfully exported its first crude oil cargo at…
How N5bn Bond Bail Signed by Fidelity Boss was Confused as Bribe Fidelity Bank has dismissed reports alleging that its Managing Director (MD) paid N5 billion in bribes to avoid detention by the police. In a statement released on Monday, the bank explained that the MD was asked to sign a N5 billion bail bond as part of a police investigation into a matter involving the account of a customer, Woobs Resources Limited. The bank described the reports — particularly a story by Sahara Reporters — as false and mischievous, meant to mislead the public …
Dangote Refinery offers transport-free deliveries of PMS, Diesel. Aviation fuel to all marketers, petrol dealers …Analysts say the initiative will reduce inflation and create jobs A recent initiative by the Dangote Petroleum Refinery, which includes the distribution of Premium Motor Spirit (PMS) and diesel to marketers, petrol dealers, manufacturers, telecommunications companies, the aviation sector, and other large-scale users across the country, with free logistics support to enhance the distribution network, has the potential to reduce in…
SAMER CHEDID SUCCEEDS MAURICIO ALARCÓN AS CEO OF NESTLÉ CENTRAL AND WEST AFRICA Accra, Ghana, June 16, 2025: Samer Chedid, CEO of Nestlé Indonesia has been appointed CEO of Nestlé Central and West Africa (CWAR) replacing Mauricio Alarcón who has taken on a new role within the Nestlé group. A business leader with diverse experiences across Nestlé including Middle East, Asia, and Africa, Mr. Chedid is no stranger to CWAR as he previously served as Country Manager for Nestlé Ghana. In his new role, he will steer affairs of the business across…
Smartcash PSB launches access to instant motor insurance via Leadway Assurance Lagos, Nigeria – June 16, 2025: In continuation of its mission to make financial services simpler, faster, and more accessible, SmartCash Payment Service Bank, a subsidiary of Airtel Nigeria, has announced a strategic partnership with Leadway Assurance to offer Smartcash users an effortless access to Leadway’s mobile-friendly motor insurance service. Starting from ₦15,000, this new offering provides a convenient and affordable way for motorists to stay protected an…
RE: Clarification of N5Billion Bail Bond Signed by Fidelity Bank MD Lagos, Nigeria – June 16, 2025 – Our attention has been drawn to a publication on Sahara Reporters website titled, “Fidelity Bank MD Onyeali-Ikpe Confesses to Paying ₦5Billion To Avoid Police Detention Amid Over ₦19Billion Fraud Probe”. We would like to categorically state this story is patently false and has been maliciously written to deceive the public into believing that a N5billion bail bond was payment to the Police to avoid detention. While we are unable to comment on t…
Dangote deploys 4,000 CNG tankers to enhance distribution network nationwide for PMS and diesel …Offer open to Marketers, Petrol Dealers, Manufacturers, Telecoms Firms, Aviation and other large users Dangote Petroleum Refinery is pleased to announce the commencement of a significant national initiative designed to transform Nigeria’s fuel distribution landscape. Effective 15th of August 2025, the Refinery will begin the distribution of Premium Motor Spirit (PMS) and diesel to marketers, petrol dealers, manufacturers, telecoms firms, aviation,…
Fidelity Bank ED, Kevin Ugwuoke takes over as President of Risk Managers Association L-R: Registrar/Chief Executive, Chartered Risk Management Institute of Nigeria (CRMI), Victor Olannye; Divisional Head, Risk Management Securities and Exchange Commission (SEC), Grace Abioye; Immediate Past President, CRMI, Ezekiel Oseni; President, CRMI and Executive Director/Chief Risk Officer, Fidelity Bank Plc, Kevin Ugwuoke; Director, Enterprise Risk Management, Nigeria Deposit Insurance Corporation (NDIC), Amal Haruna; and Rep. Keynote speaker, Deputy Gr…
Airtel Concludes Nationwide Environment Week with Market Clean-Up by Employees Lagos, Nigeria – June 11th, 2025 — Leading telecommunications provider, Airtel Nigeria, has wrapped up its 2025 World Environment Week campaign, themed ‘Ending Plastic Pollution’, with an employee-driven market clean-up exercise at Elegushi Model Market, Jakande, Lekki, Lagos. The activity was supported by the Ecobarter Company, a social enterprise focused on the promotion of a circular economy. Branded #UnPlasticAfrica, the events spanned six states and mobilised A…
FOREIGN AFFAIRS MINISTER, YUSUF TUGGAR MEETS WITH CHINA’S HUNAN PROVINCE GOVERNOR ON COLLABORATION BETWEEN NIGERIA AND CHINA The Honourable Minister of Foreign Affairs, Amb. Yusuf Maitama Tuggar, OON, met with the Chinese Governor of Hunan Province, His Excellency Mao Weiming, in Changsha for high-level discussions aimed at deepening collaboration and establishing a friendship Province-State relationship between Nigeria and Hunan Province at both federal and sub-national levels. During the meeting, Tuggar conveyed President Bola Ahmed Tinubu’s…
Celebrating the Ones Who Always Show Up — Jamara Home Unveils Special Father's Day Gift Picks This Father’s Day, Jamara Home, Nigeria’s go-to destination for premium home appliances and electronics is making it easier for families to say a heartfelt “thank you” to the fathers and father figures who anchor their lives with strength, wisdom, and love. According to Rabi Jammal, Managing Director of Jamara, “Fathers help shape who we become, they are the quiet supporters, the everyday heroes, and they deserve to be celebrated not just with wor…
Zenith Bank Achieves Milestone With Over N614.65bn In Share Capital And Share Zenith Bank Plc has emerged as Nigeria’s most recapitalized bank in share capital and share premium threshold with over N614.65 billion. Zenith Bank is a Tier 1 bank and with its N614.65 billion in share capital and share premium, the bank has significantly surpassed the N500 bn share capital and share premium threshold set by the Central Bank of Nigeria for banks with international licences. In March 2024, the Central Bank of Nigeria (CBN) ordered a ₦500 billion re…
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