Fidelity Bank Plc on Tuesday reaffirmed its commitment to alleviating hunger and poverty with the distribution of food packs to residents of Eti-Osa Local Government Area (LGA) in Lagos. The Managing Director of Fidelity Bank, Dr Nneka Onyeali-Ikpe, at the distribution held in Lagos, said the initiative was executed under[Read More…]
Author: Godwin Anyebe
Nigeria: EFCC set to begin prosecution of banks, top officials for financial frauds
The Economic and Financial Crimes Commission (EFCC) has announced plans to commence the prosecution of banks and their top officials for financial frauds. The EFCC Chairman, Mr Olanipekun Olukoyede, said at the 17th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja[Read More…]
FBN Holdings Clarifies Merchant Banking Divestment, Retains Other Subsidiaries
FBN Holdings has sought to clarify the recent divestment from its Merchant Banking business. According to the lender, all its businesses and entities apart from the Merchant Banking business are not included in the divestment deal. It said, “We wish to clarify that all other entities and businesses listed below[Read More…]
Zenith Bank Extends Rights Issue, Public Offer By Two Weeks Over Nationwide Protest
Zenith Bank Plc has announced an extension of its current rights issue and public offer, which was originally set to close on Monday, September 9, 2024. The new closing date has been extended by an additional two weeks, to September 23, 2024. This extension was disclosed in a notice to[Read More…]
In Unprecedented Feat, Nigeria Raises over $900m in Domestic FGN US Dollar Bond
In an unprecedented move aimed at strengthening the economy and advancing financial inclusion, the Federal Government has raised over $900million from its first-ever Domestic Federal Government of Nigeria (FGN) US Dollar Bond issuance. The Debt Management Office (DMO) described the achievement as a pivotal step in Nigeria’s economic development. The[Read More…]
Stanbic IBTC lifts 136 children with prosthetic limbs
Stanbic IBTC Holdings, a subsidiary of the Standard Bank Group, has assisted 136 children without limbs with prosthetic limbs as part of its commitment to societal welfare and support for underprivileged children. The children were assisted through its flagship Corporate Social Investment (CSI) initiative, the Together4ALimb which 10th anniversary was[Read More…]
Ministry of Arts, Culture, and Creative Economy Partners with Nigeria’s Got Talent Season 3 to Boost Talent Development
L-R: Director General, National Council For Arts and Culture (NCAC), Mr. Obi Asika, Minister for Arts, Culture and Creative Economy Barrister Hannatu Musawa, Principal Consultant, Pure Imagination and Filmworks Ltd, Mr. Rotimi Pedro The Ministry of Arts, Culture, and Creative Economy has announced a partnership with Pure Imagination Production &[Read More…]
Scoring Big: The Rising Opportunities in Nigeria’s Sports Business Sector
By Godwin Anyebe The Nigerian sports industry is steadily evolving into a multi-billion-dollar sector, offering significant opportunities for businesses, investors, and stakeholders. Traditionally dominated by football, Nigeria’s sports landscape is diversifying, opening new avenues for growth in various sports and related industries, from infrastructure development to sports marketing and management.[Read More…]
Reshaping Nigeria’s Economy: Navigating the Future Amid Global Shifts and Domestic Challenges
By Godwin Anyebe Nigeria, Africa’s largest economy, stands at a crossroads as it navigates the complex terrain of global economic shifts and domestic challenges. With its vast resources and a young, dynamic population, the country has significant potential for growth and development. However, the path forward requires a strategic approach[Read More…]
No Industry in Ebonyi State: Assessing Umahi’s 8-Year Legacy Through Nwifuru’s Lens
By Godwin Anyebe Governor Francis Nwifuru’s recent statement that there is “no industry in Ebonyi State” has sparked a critical examination of the eight-year tenure of his predecessor, David Umahi. Umahi, who led Ebonyi from 2015 to 2023, is often celebrated for his ambitious infrastructure projects. His administration saw the[Read More…]
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FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]