By Ayomide Otitoju Fidelity Bank Plc has been named the winner of the 2025 Development Bank of Nigeria (DBN) Innovation Award in the Deposit Money Bank (DMB) category, in recognition of its outstanding contributions to innovative financial solutions tailored for Micro, Small, and Medium Enterprises (MSMEs). The award was presented at the 2025 DBN Service…
By Ayomide Otitoju The Federal Government has set an ambitious new target to ramp up daily gas production to 12 billion cubic feet by the year 2030, as part of efforts to drive economic growth, industrialisation, and energy diversification. This was disclosed by the Special Adviser to the President on Energy, represented by Team Lead…
By Ayomide Otitoju The Nigeria Customs Service (NCS) has recorded a historic revenue haul of ₦1.3 trillion in the first quarter of 2025, more than double the ₦600 billion generated during the same period in 2023, marking a significant milestone in Nigeria’s fiscal history. Comptroller-General of Customs, Bashir Adewale Adeniyi, attributed the dramatic increase to…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has announced the temporary shutdown of the Port Harcourt Refinery in Rivers State to facilitate a month-long maintenance operation, raising concerns about potential fuel shortages and price hikes nationwide. In an official statement released on Saturday by NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, the…
By Ayomide Otitoju In celebration of International Women’s Day, the London Business School (LBS) Alumni Community Nigeria hosted a private brunch and fireside chat featuring Dr. Nneka Onyeali-Ikpe, Group Managing Director and CEO of Fidelity Bank Plc. Held in Lagos, the exclusive gathering brought together senior executives from finance, FMCG, and investment sectors for a…
By Ayomide Otitoju Real estate firm Adron Homes & Properties Ltd. has strongly denied allegations published by the Foundation for Investigative Journalism (FIJ) on May 22, 2025, accusing the company of failing to refund a client, Mr. Solomon Oludare Akinbo, after a land purchase in Ogun State. The report claims Mr. Akinbo made full payment…
By Ayomide Otitoju Japan’s inflation data released Friday revealed a staggering 98% year-on-year rise in rice prices last month, highlighting a growing crisis that is drawing public ire and complicating efforts by Prime Minister Shigeru Ishiba’s government to manage the economy. The sharp increase in rice prices—central to Japanese cuisine and culture—is largely attributed to…
By Ayomide Otitoju President Bola Tinubu has tasked the newly inaugurated Board of the Nigerian National Petroleum Company (NNPC) Limited with consolidating the achievements of his administration’s economic reforms, which have drawn both local and international praise for enhancing Nigeria’s economic competitiveness. Speaking at the inauguration ceremony held on Thursday at the State House in…
By Ayomide Otitoju After a sluggish week, Nigeria’s stock market witnessed a modest rally on Friday morning, driven by renewed investor interest in Fidelity Bank Plc shares. As of 11 a.m., the NGX All Share Index (ASI) rose by 0.19 percent to 109,385.94 points, buoyed by a 6.63 percent jump in Fidelity Bank’s share price…
