Polaris Bank Partners Cyclotron Club to Advance LiveWell Initiative and Promote Healthy Living
Polaris Bank Partners Cyclotron Club to Advance LiveWell Initiative and Promote Healthy Living Members of Cyclotron Club in the newly unveiled Polaris Bank co-branded cycling jersey, after a wellness ride held as part of the LiveWell by Polaris initiative in Lagos. Polaris Bank, Nigeria’s leading digital retail and commercial Bank institution, has announced a strategic partnership with Cyclotron Cycling Development Initiatives, otherwise known as Cyclotron Club, to advance LiveWell by Polaris, the Bank’s flagship wellness initiative designed t…
Union Bank Honoured by ASBON at Nigeria National SME Business Awards
Union Bank Honoured by ASBON at Nigeria National SME Business Awards Lagos, Nigeria – Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria (ASBON) at the Nigeria National SME Business Awards, held recently in Lagos. The award was presented to the Bank in recognition of its strategic leadership in advancing the growth and resilience of small and medium-sized enterprises, through a…
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Execution Discipline Will Define Tegbe’s Agenda for Nigeria’s Power Sector
Execution Discipline Will Define Tegbe’s Agenda for Nigeria’s Power Sector When the Minister-Designate for Power, Joseph Olasunkanmi Tegbe, told the Nigerian Senate that there was “no quick fix” to Nigeria’s electricity crisis, the statement stood out for departing from the familiar rhetoric that has long shaped public conversations about the sector. In a country where ambitious declarations on power reform have often generated headlines faster than measurable outcomes, Tegbe’s remarks offered an early signal of a different leadership posture,…
Fidelity Bank’s liquidity position rises above N1trn on stronger cash holdings
Fidelity Bank’s liquidity position rises above N1trn on stronger cash holdings Fidelity Bank strengthened its liquidity position in the 2025 financial year as cash and cash equivalents rose by 87 percent to N1.32 trillion, reflecting improved cash buffers, stronger deposit mobilisation, and growth in interest-earning assets. The lender’s audited financial statement for the year ended December 31, 2025, showed that cash and cash equivalents increased from N707.45 billion in 2024, underscoring the bank’s stronger liquidity profile amid Nigeria’s…
Mirroring Fidelity Bank's Giant Footprints in Aviation Financing in Nigeria
Mirroring Fidelity Bank's Giant Footprints in Aviation Financing in Nigeria Aviation business, not only in Nigeria, is generally known to be a capital intensive one and strictly guided by international regulations as prescribed by the International Civil Aviation Organisation (ICAO). The ICAO recommended standards and Practices are to be referred to when dealing in aviation business, therefore, Nigeria being a signatory to ICAO should uphold international civil aviation standards and fulfill its obligations under the Convention on Internat…
Fidelity Bank's gross earnings rise by 45%, shareholders' funds cross N1trn mark
Fidelity Bank's gross earnings rise by 45%, shareholders' funds cross N1trn mark Fidelity Bank Plc has reported a 45 percent increase in gross earnings for the 2025 financial year, as the lender’s shareholders’ funds crossed the N1 trillion mark following sustained balance sheet expansion and fresh capital injection. Analysis from the audited financial statements for the year ended December 31, 2025, reveals that the bank delivered robust results across key financial metrics, including Gross Earnings, which stood at N1.5 trillion, up f…
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The Alternative Bank Addresses Nigeria's Medicine Security Crisis with Financing for Local Pharma
The Alternative Bank Addresses Nigeria's Medicine Security Crisis with Financing for Local Pharma Africa bears roughly a quarter of the global disease burden yet imports nearly 97 percent of its pharmaceutical commodities, a vulnerability starkly exposed during the COVID-19 pandemic. This severe import dependence leaves Nigeria's medicine security inherently weak. To address this, The Alternative Bank (AltBank) is stepping in as the financing answer, deploying asset-backed, risk-sharing capital to fund local pharmaceutical production, …
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