By Ayomide Otitoju Tier-one lender, Fidelity Bank Plc, will spotlight fintech’s growing role in cross-border trade at the upcoming Fidelity Nigeria International Trade and Creative Connect (FNITCC) in Atlanta, USA. The high-profile panel session, themed “Digital Railroads: Powering U.S.–Africa Commerce Through Fintech”, is scheduled for Friday, 19 September 2025, and will examine how digital finance…
By Ayomide Otitoju Fidelity Bank Plc has commenced the disbursement of the Federal Government’s MSME Intervention Fund, administered by the Bank of Industry (BOI), with a strategic focus on empowering women-owned businesses across Nigeria. The scheme is aimed at providing accessible financing to micro, small, and medium enterprises (MSMEs) in all 36 states, aligning with…
By Ayomide Otitoju Locally produced polypropylene from the Dangote Petroleum Refinery and Petrochemicals has been hailed as a breakthrough for Nigeria’s manufacturing sector, following its showcase at PROPAK West Africa 2025, the region’s premier packaging, plastics, printing, and processing exhibition. The product, unveiled at the 12th edition of the annual event in Lagos, drew acclaim…
By Ayomide Otitoju The Dangote Group, Niger Foods, and Africa Rice have entered into a strategic collaboration aimed at scaling up rice production in Nigeria to meet growing national demand. Chairman of Niger Foods, Engr. Sammy Adigun, disclosed the initiative in Osogbo on Sunday, stating that Niger Foods alone is targeting an output of over…
By Ayomide Otitoju Wema Bank Plc has announced the successful completion of its ₦150 billion Rights Issue, approved by both the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The exercise, which ran from April 14 to May 21, 2025, was oversubscribed, lifting the bank’s qualifying capital to ₦214.7 billion —…
By Ayomide Otitoju Sterling Financial Holdings Company Plc (Sterling HoldCo) has released its financial forecasts for the fourth quarter ending December 31, 2025, projecting gross earnings of ₦149.27 billion. The outlook builds on its strong half-year performance, during which profit after tax rose by 157 percent, gross earnings climbed 39.7 percent to ₦212.61 billion, and…
By Ayomide Otitoju Dangote Cement Plc says it has paid shareholders more than N3.3 trillion in dividends over the past 15 years, alongside strong capital appreciation of its stock on the Nigerian Exchange (NGX). The disclosure was made on Wednesday during the company’s “Facts Behind the Figures” presentation at the NGX, led by its new…
By Ayomide Otitoju Every December, Nigeria comes alive with music, theatre, and festivals, and FirstBank has positioned itself at the heart of the celebration through its DecemberIssaVybe (DIAV) campaign. Launched in 2018, the initiative has grown into one of the country’s most anticipated cultural platforms, giving Nigerians access to premium entertainment, supporting the creative industry,…
By Ayomide Otitoju The Nigerian naira extended its rally against the US dollar on Tuesday, sharply narrowing the exchange rate gap between the official and parallel markets. The currency’s performance came as the US dollar index weakened globally, following expectations that the Federal Reserve may cut interest rates after a disappointing US jobs report. In…
