Economy

Unity Bank Plc has donated N10 million to Fiditi National Open University in Oyo State, Southwest Nigeria. Making the donation at the launch/groundbreaking ceremony over the weekend, the MD/CEO of Unity Bank Plc, Mrs. Tomi Somefun said “As a core philosophy of our business, Unity Bank is committed to promoting education as a key driver of human capacity development”. She said, “Education brings light, and empowers a society to advance social change while providing opportunity for individuals to grow and contribute to humanity.” Mrs. Somefun, who joined other key dignitaries...

…URGES INDIAN INVESTORS NOT TO PROCRASTINATE AS NIGERIA OFFERS BEST RETURN ON INVESTMENT President Bola Ahmed Tinubu on Wednesday commended Indian investors for significant investment pledges amounting to nearly $14 billion U.S. dollars committed during the Nigeria-India Presidential Roundtable and Conference in New Delhi, India, saying, "We are ready to give you the best returns for investment possible, there's nowhere else like our country. Nigeria offers the best returns for investment today, so invest now." Among these many new investments, Indorama Petrochemical Limited has pledged a new investment of $8...

...DECLARES INTERIM DIVIDEND OF 25 KOBO PER SHARE Leading financial institution, Fidelity Bank Plc has recorded an impressive 204.4% growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result. A review of the results published on the Nigerian Exchange Group (NGX) on Friday, September 1, 2023, showed a positive performance across all financial indices, reaffirming the Bank’s position as one of the fastest-growing and well-managed financial institutions in Nigeria. Gross earnings for the period grew by 59.6% to ₦247.1billion...

As the summer break winds down, the leading financial institution, Fidelity Bank Plc, has emphasised its devotion to helping schools prepare adequately for the next session and deliver quality education. Through its bespoke product known as the Fidelity Edu Loan, administrators of registered private primary, secondary, and tertiary institutions in Nigeria can access loans of up to N180 million. In a chat with journalists, Divisional Head, Product Development, Fidelity Bank Plc, Osita Ede said, “At Fidelity Bank, we recognize the pivotal role quality education plays in the development of any...

For the second year running, leading financial institution, Fidelity Bank Plc, has emerged as the company with the highest earnings per share on the Nigerian Exchange Limited (NGX) based on half-year financial figures. According to a report by BusinessDay, Fidelity Bank, Seplat Energy, Total Energies, Okomu oil, Presco, Dangote Cement, MTN Nigeria, BUA Foods, First City Monument Bank (FCMB) and Geregu Power emerged as the companies with the highest earnings per share within the review period. Earnings per share (EPS) is a company’s net profit divided by the number of...

Over 1,400 Fintech startups from 64 countries across Africa and beyond applied for this year’s Ecobank Fintech Challenge with eight of them making the cut to the final where they will compete for the ultimate prize. This is the sixth edition of this international competition, with the highest number of applications on record. Ecobank Group, Africa’s leading pan-African banking group, said this year’s applications had more than doubled compared to last year’s 703 applications received from 59 countries. In 2022 Nigeria’s fintech startup, ‘Touch and Pay’, wowed the jury with...

Ecobank Kenya MD & CESA - RE Josephine Anan-Ankomah and AMREF Flying Doctors Medical Director, Dr. Joseph Lelo inside an Aircraft Ambulance during the launch of Ecobank Maisha Emergency Medical Cover in Nairobi Pan African Bank, Ecobank Kenya Limited has partnered with AMREF Flying Doctors to offer Maisha Membership; an air and ground ambulance scheme to the Bank’s clientele. Under this partnership, Maisha membership will provide the Bank’s customers with convenient access to fast, affordable, and quality air and ground evacuation services in the event of a medical emergency in...

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has called on the Nigeria Electronic Fraud Forum, NeFF to come up with solutions to the challenges posed by electronic fraud to the financial system. According to a report published in Vanguard Newspaper, she made this call in Lagos while speaking at the 3rd quarter general meeting of NeFF. Nneka Onyeali-Ikpe explained that e-fraud is activities carried out online to exploit individuals and business entities for financial gain. She listed examples of e-fraud including: Phishing; Advanced fee fraud (419); Online...

L-R: CEO, Sterling Bank, Abubakar Suleiman, US Consul General in Nigeria, Will Stevens, and CEO, Sterling One Foundation, Olapeju Ibekwe at the Africa Social Impact Summit which held recently in Lagos Key players from the government, the diplomatic community, civil society, and the public and private sectors recently gathered in Lagos for the two-day Africa Social Impact Summit (ASIS), co-convened by Sterling One Foundation and the United Nations, Nigeria. The gathering, which was held under the theme - Global Vision, Local Action: Repositioning the African Development Ecosystem for Sustainable Outcomes,...

The leading financial institution, Fidelity Bank Plc, has distributed over 1,200 food packs to the internally Displaced Persons in Makurdi, Benue State in its ongoing commitment to eliminate hunger among vulnerable persons in the society. The event, which took place on Thursday, August 10, 2023, at the IDP Camp, Federal Housing Estate in North Bank, Benue State was executed in partnership with the Hyacinth Alia Foundation and the Benue State Emergency Management Agency (BESEMA). Speaking during the distribution event, the Divisional Head, Brand and Communications, Fidelity Bank Plc, Meksley Nwagboh...