Fidelity Bank Provides Critical Funding Support to Abuja Special Needs Orphanage
Fidelity Bank Provides Critical Funding Support to Abuja Special Needs Orphanage L-R: Deputy President, Valorem Inductees Class, Fidelity Bank Plc, Olamide Wilson; Team Lead, Corporate Social Responsibility (CSR), Fidelity Bank Plc, Victoria Abuka; Director, JKS Special Needs Academy, Abuja, Nifemi Ajileye; Team Lead, Human Resources Business Partner, Abuja and North, Fidelity Bank Plc, Aishatu Sambo; and President, Valorem Inductees Class, Fidelity Bank Plc, Ekeh Adaora; at the Fidelity Helping Hands Programme (FHHP) CSR Outreach in Abuja rec…
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Power Sector Has No Quick Fix, Reforms Will Be Transparent Under My Watch – New Minister of Power, Joseph Tegbe
Power Sector Has No Quick Fix, Reforms Will Be Transparent Under My Watch – New Minister of Power, Joseph Tegbe The Ministerial-Designate for Power, Joseph Olasunkanmi Tegbe, has pledged to transform the power sector through high levels of transparency in his reforms to resuscitate the sector, which has been plagued by incessant national grid collapses and power failures Tegbe, who spoke during the Senate screening on Wednesday, 6th May, 2026, acknowledged persistent challenges across the power value chain, noting that while there is no “quick…
Julius Berger retains top spot in West Africa’s construction and Infrastructure sector
Julius Berger retains top spot in West Africa’s construction and Infrastructure sector ...Wins Best Construction and Infrastructure Company of the Year (West Africa) for the second time For the second consecutive year, leading engineering and construction firm, Julius Berger Nigeria PLC, has emerged as the Best Construction and Infrastructure Company of the Year (West Africa). The award was presented on Thursday in Lagos. Organised by the West Africa Innovation Awards, the recognition saw Julius Berger outperform competitors including Michelet…
Unity Bank Disburses Over N500 Million Through SHOCOF to Support Traders
Unity Bank Disburses Over N500 Million Through SHOCOF to Support Traders LAGOS.08.05.2026. As part of efforts to promote SMEs and strengthen support for operators in the informal sector, Unity Bank has continued to empower small-scale traders and shop owners across Nigeria through its initiative called Shop Collateralised Facility, SHOCOF. SHOCOF is an innovative loan product, and Unity Bank has disbursed over N500 million to beneficiaries, significantly improving access to financing, and further driving financial inclusion. Originally intro…
FirstHoldCo Sustains Strong Q1 Momentum As Gross Earnings Hit N942bn
FirstHoldCo Sustains Strong Q1 Momentum As Gross Earnings Hit N942bn …Profit Rises to N321bn; FY Revenue Tops N3.4tn FIRST HOLDCO PLC GROWS GROSS EARNINGS TO ₦3.4 TRILLION FOR THE FULL YEAR ENDED DECEMBER 31, 2025 First HoldCo Plc. (“FirstHoldCo” or the “Group”) today announces its audited results for the financial year ended December 31, 2025. Financial Highlights Income statement (₦’billion) FY 2025 FY 2024 Δ Gross earnings 3,435.4 3,212.6 +6.9% Interest income 2,994.1 2,397.4 +24.9% Net Interest Income 1,916.9 1,401.3 +36.8% Non-Interest…
TEGBE AT THE SENATE -SETTING THE RECORD STRAIGHT
TEGBE AT THE SENATE -SETTING THE RECORD STRAIGHT Our attention has been drawn to inaccurate media reports alleging that the Honorable Minister-designate, Joseph Olasunkanmi Tegbe, promised to fix Nigeria’s power grid within three months. This claim is a clear misrepresentation of his remarks. At his Senate screening on May 6, 2026, Mr Tegbe made no such commitment. He stated unequivocally that the timelines are still being worked on and subject to diagnostics and stakeholder engagements. While assuring that initial grid stabilization efforts w…
NCC and Cameroon’s ART Hold Regulatory Benchmarking Meeting in Abuja with DG Philemon Zoo Zame and CEO Aminu Maida
NCC and Cameroon’s ART Hold Regulatory Benchmarking Meeting in Abuja with DG Philemon Zoo Zame and CEO Aminu Maida Philemon Zoo Zame, Director General, Telecommunications Regulatory Board (ART), Republic of Cameroon, and Aminu Maida, Executive Vice Chairman/CEO, Nigerian Communications Commission (NCC), during a benchmarking exercise at the NCC Head Office in Abuja on May 6, 2026.
Senate Screens Tegbe as Power Minister, Outlines Reform Priorities and Delivery Commitments
Senate Screens Tegbe as Power Minister, Outlines Reform Priorities and Delivery Commitments The Nigerian Senate on Wednesday screened the Minister of Power designate, Engr. Joseph Olasunkanmi Tegbe, with discussions centred on his reform agenda and plans to address longstanding challenges in the power sector. During the session, Senators acknowledged his experience across public sector reform and infrastructure, noting that his cross-sector background positions him to support ongoing efforts to stabilize the sector. In his address, Tegbe stres…
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Access Holdings Clarifies Dividend Position Amid Strong 2025 Earnings
Access Holdings Clarifies Dividend Position Amid Strong 2025 Earnings Lagos, Nigeria – May 6, 2026: Access Holdings Plc has reaffirmed its commitment to longterm shareholder value and sustainable returns, following a strong performance in the 2025 financial year, while providing clarity on the rationale for the nonpayment of dividends for the year ended December 31, 2025. The clarification was provided during the Group’s Full Year 2025 Investors and Earnings Call, where management addressed shareholder concerns regarding the absence of a divid…
JMG Strengthens Industrial, Retail, and Logistics Footprint in Q1 2026
JMG Strengthens Industrial, Retail, and Logistics Footprint in Q1 2026 JMG Limited , Nigeria’s leading integrated electromechanical solutions company, has reinforced its market leadership with a series of high-impact engineering and infrastructure projects delivered in the first quarter of 2026. Spanning industrial manufacturing, retail operations, and nationwide logistics, the projects collectively reflect a deliberate strategy to build interconnected systems that drive efficiency, resilience, and scale. This integrated approach is evident i…
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Dangote Refinery says ex‑depot price remains unchanged
Dangote Refinery says ex‑depot price remains unchanged Dangote Petroleum Refinery and Petrochemicals Limited has revealed that the price of Premium Motor Spirit (PMS) remains same, stating that its ex‑depot price remains unchanged. The Refinery by sustaining it’s current prices is reaffirming its commitment to supporting stability in the domestic energy market and cushioning the wider economy against external shocks. By absorbing prevailing cost pressures, the refinery continues to help moderate inflationary risks, promote energy affordability…
ZENITH BANK APPOINTS ENGR. MUSTAFA BELLO AS CHAIRMAN AT ANNUAL GENERAL MEETING
ZENITH BANK APPOINTS ENGR. MUSTAFA BELLO AS CHAIRMAN AT ANNUAL GENERAL MEETING Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board of Directors. The appointment, which takes immediate effect, has been approved by the Central Bank of Nigeria (CBN) and ratified by shareholders at the Annual General Meeting held on May 5, 2026. Engr. Bello’s appointment represents a strategic step to ensure the continuity, stability, and sustained effectiveness of the Board, while reinforcing the high standards of cor…
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Over 450 homes disbursed as Stanbic IBTC redefines home ownership in Nigeria
Over 450 homes disbursed as Stanbic IBTC redefines home ownership in Nigeria Stanbic IBTC is strengthening its position as a trusted leader in home financing in Nigeria through its ongoing partnership with the Ministry of Finance Incorporated Real Estate Investment Fund (MREIF). The organisation’s Banking business continues to help professionals, entrepreneurs, and married couples in Nigeria and the diaspora achieve homeownership with greater ease and confidence. In a market where housing supply significantly lags demand and traditional mort…
BANKING BEYOND THE BALANCE SHEET: UNION BANK'S ASBON RECOGNITION AND NIGERIA'S SMALL BUSINESS ECONOMY
BANKING BEYOND THE BALANCE SHEET: UNION BANK'S ASBON RECOGNITION AND NIGERIA'S SMALL BUSINESS ECONOMY From left: President, Association of Small Business Owners of Nigeria (ASBON), Dr. Femi Egbesola and Head, SME Segment, Union Bank of Nigeria, Mr. Ayokunnumi Abraham during the presentation of the Best Bank for SME Growth Banking Initiative Award, 2025, to Union Bank of Nigeria at the 6th Nigeria National SME Business Awards (NNSBA), held on April 30, 2026, at the Rotary Centre, Ikeja, Lagos Union Bank of Nigeria has been named winner …
Polaris Bank Supports the Launch of NACCIMA Call Center to Drive Growth for Nigerian Exporters
Polaris Bank Supports the Launch of NACCIMA Call Center to Drive Growth for Nigerian Exporters Chris Ofikulu, Executive Director, Retail & Commercial Banking, Polaris Bank, presents office equipment for takeoff and smooth operation of NACCIMA Export Support Centre in Lagos recently. Polaris Bank, Nigeria’s leading digital retail and commercial bank, has proudly facilitated the launch of the NACCIMA Export Support Call Center, a vital initiative designed to provide comprehensive support to Nigerian exporters, especially those operating in t…
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