CBN Reassures Public on Banking Sector Stability
CBN Reassures Public on Banking Sector Stability The attention of the Central Bank of Nigeria (CBN) has been drawn to certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution. The CBN wishes to categorically reassure the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound. Like all other regulated institutions, the institution referenced in these reports is held to stringent regulatory requirements, and th…
*WHO IS AFRAID OF FIDELITY BANK -By Udeme Etukeyen*
*WHO IS AFRAID OF FIDELITY BANK -By Udeme Etukeyen* Leading up to the recent superlative annual reports showcasing one of the most significant growth experienced by a Nigeria Financial Institution in recent years I was forced to ask “what is Fidelity Bank” doing right? My banking and financial sector experience got me digging deeper into the statistics of the report-Fidelity Bank recorded a substantial 210.0% growth in PBT, reaching N385.2 billion in FY 2024. Deposits increased by 47.9%, from N4.0 trillion in 2023FY to N5.9 trillion in 2024FY,…
Dangote assures of Petrol price stability despite the increase in crude oil price
Dangote assures of Petrol price stability despite the increase in crude oil price Dangote Petroleum Refinery & Petrochemicals reaffirms that, despite the fluctuations in global crude oil prices, it has consistently reduced the price of Premium Motor Spirit (PMS), commonly known as petrol. The company, in a release, signed its Group Chief Branding and Communications Officer, Anthony Chiejina said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden on consu…
UBA Wins Big at Development Bank of Nigeria Service Ambassador Awards, Clinches Four Prestigious Awards
UBA Wins Big at Development Bank of Nigeria Service Ambassador Awards, Clinches Four Prestigious Awards UBA Wins Big at Development Bank of Nigeria Service Ambassador Awards, Clinches Four Prestigious Awards Group Head, Retail and Digital Banking, United Bank for Africa (UBA); Shamsideen Fashola; Managing Director/CEO, Development Bank of Nigeria, Dr. Tony Okpanachi; Group Deputy Managing Director, UBA, Muyiwa Akinyemi; and Group Head, SME Banking, UBA, Mr. BabatundeAjayi at the 2025 Development Bank of Nigeria (DBN) Service Ambass…
Ncc, Nca meets in Ghana
Ncc, Nca meets in Ghana L-R: Executive Vice Chairman/ Chief Executive Officer, Nigerian Communications Commission (NCC), Dr. Aminu Maida and Ag. Director General, National Communications Authority (NCA), Ghana, Edmund Fianko, during a benchmarking visit of the NCC to the NCA in Ghana recently.
Why Fidelity Bank Plc Is Too Big to Fail
Why Fidelity Bank Plc Is Too Big to Fail Several media platforms have gone to town with the news of the Supreme Court ruling on a dispute between the defunct FSB International Bank and Sagecom Concepts Limited with some of them questioning the ability of Fidelity Bank (the judgement debtor) to make the payment. As the matter is still before the court and there’s a court order prohibiting media publications on this matter, warning that violations would constitute contempt of court, a punishable offense, we will highlight in this article why…
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With ₦193.5 Billion Tech Investment, Access Holdings Sets Benchmark in Fraud Prevention
With ₦193.5 Billion Tech Investment, Access Holdings Sets Benchmark in Fraud Prevention As global financial fraud surges to over $485 billion in annual losses, Access Holdings PLC is setting a new standard in Africa’s banking industry through aggressive and strategic investment in technology aimed at combating the growing threat, National Association of Online Security News Publishers, NAOSNP can report. With Nigeria’s financial sector experiencing a spike in digital fraud, particularly through mobile and online channels, Access Holdings has e…
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