archiveMay 2025

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...

The Joint Admissions and Matriculation Board (JAMB) has said that it will release the results of 379,000 candidates who sat for the rescheduled Unified Tertiary Matriculation Examination (UTME) on Wednesday. The resit was conducted between Friday last week and Monday this week following widespread complaints of technical and human errors...

BudgIT , a prominent civic tech organisation promoting transparency and accountability in Nigeria’s public finance ,has uncovered 11,122 projects valued at N6.93 trillion inserted by the National Assembly into the 2025 Federal Government Budget. According to the body, "What began as isolated irregularities has,over the years, evolved into a deeply...

The Central Bank of Nigeria (CBN) on Monday dismissed reports suggesting distress in a regulated financial institution, describing the claims as misleading and capable of triggering unnecessary panic in the financial system. In a press statement signed by the Acting Director of Corporate Communications, Mrs Hakama Sidi-Ali, the apex bank...

The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC) Okotie-Eboh, on Friday, May 16, 2025, arraigned one Solomon Stephen Ufayo, a staff of Ecobank Plc, on a one-count charge bordering on alleged cybercrime to the tune of N2,404,000(Two Million Four Hundred and Four Thousand Naira) before...

 By Friday Atufe 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...

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....

  Operatives of the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission (EFCC) have arrested 120 suspected internet fraudsters, comprising 95 male and 25 female at various locations in Lagos.   The suspects were arrested on Monday, May 19, 2025, following credible intelligence and thorough surveillance regarding...

China has announced plans to establish electric vehicle (EV) factories in Nigeria, in a move that signals a major step forward in the strategic partnership between the two nations and a boost for Nigeria’s ambition to harness its solid mineral wealth for industrial growth. The announcement was made during a...

The Development Bank of Nigeria (DBN) sys it is expanding its support for Micro, Small, and Medium Enterprises, (MSMEs), by growing its outstanding loan portfolio to over N1.8 trillion. Its Managing Director, Tony Okpanachi, said that the move aligns with the bank’s five-year strategic plan, meant to further drive economic...