Fidelity Bank’s FY 2024 Performance Praised by Shareholders
Shareholders of tier one lender, Fidelity Bank, have applauded the board and management of the bank for delivering an outstanding performance in FY 2024. Speaking at the bank’s 37th Annual General Meeting (AGM) held virtually on Tuesday, April 29, 2025, the National Chairman of The Progressive Shareholders Association, Chief Boniface Okezie, praised the bank, saying, “This is a superlative …
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C-One To Acquire Bankly Microfinance Bank …to restore Stability, Accelerate Growth
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Bayo Adetu
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April 28, 2025
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BUSINESS, NEWS
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C-One Ventures Platform (C-One) today announced it has entered into an agreement to invest and acquire the licences, technology and select assets of the Nigerian operations of Bankly -a licensed microfinance bank and fintech leader known for bridging financial access gaps across Nigeria’s informal economy. The deal which is subject to regulatory approvals including from the Central Bank of …
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Supreme Court sets aside N22trn judgement against Union Bank
The Supreme Court has set aside a Federal High Court judgement in which over N22 trillion was awarded against Union Bank and other parties since 2014. The judgement arose from a suit instituted by a company known as Visana Nigeria Limited which claimed that Union Bank was indebted to it in the sum of approximately $8 million at an interest …
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Sterling Bank Introduces Free Bus Rides for Nigerians …doubles down on its push for Free Bank Transfers
After sparking a national movement with its Zero Transfer Fees campaign, Sterling Bank has once again pushed the boundaries of what corporate citizenship can mean to everyday Nigerians. Last week, regular Lagosians stepping out after long workdays were met with an unexpected gift: Sterling OneBank-branded buses waiting to take them home, free of charge. Starting as a push against bank …
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Anticipation builds as Wema Bank clocks 80 in 8 days
All roads lead to Lagos on May 2nd 2025, when Wema Bank, Nigeria’s oldest indigenous bank, leading innovative bank and pioneer of Africa’s first fully digital bank, ALAT, will be marking its 80th anniversary in grand style, in Lagos, the city where it all started. Founded on May 2nd 1945 as Agbonmagbe Bank Limited, Wema Bank was established by the …
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Union Bank’s Edu360 Initiative Fuels Future Stars at Greensprings Football Academy
Union Bank has again demonstrated its commitment to youth development and quality education by sponsoring the 11th edition of the Greensprings Football Academy. The five-day training camp, held from April 13 to April 17, 2025, at the School’s Lekki campus, catered to children aged 5 to 17. Participants received expert coaching from top international coaches affiliated with the West Bromwich …
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Musk To Reduce White House Role As Tesla Profits Declines
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Bayo Adetu
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April 23, 2025
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BUSINESS, NEWS
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Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday, as the electric vehicle maker reported a 71 per cent drop in first-quarter profits. “Probably in the next month, my time allocation to DOGE will drop significantly,” Musk said at the outset of an earnings conference call, referring to his …
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Union Bank Rewards Customers with Motorcycles, Cash Prizes in 3rd Save and Win Palli Promo 4 Monthly Draw
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Bayo Adetu
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April 22, 2025
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BUSINESS, NEWS
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Union Bank of Nigeria has rewarded another set of customers in the ongoing Save and Win Palli Promo 4 campaign. Six lucky customers each won a brand-new motorcycle, and 120 additional winners won cash prizes. The third monthly hybrid live draws were transparently conducted at the Bank’s Sabo, Yaba Branch in Lagos under the supervision of relevant regulatory institutions. For …
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Polaris Bank Pledges Continuous Partnership with NDLEA to Combat Drug Abuse, Trafficking, Money Laundering
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Bayo Adetu
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April 22, 2025
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BUSINESS, NEWS
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Polaris Bank has reaffirmed its unwavering support for the National Drug Law Enforcement Agency (NDLEA) in the fight against drug abuse, trafficking, and money laundering in Nigeria and beyond. The pledge was made by the Bank’s Managing Director/CEO, Kayode Lawal, during a courtesy visit by a 15-member NDLEA management team to the Bank’s headquarters in Lagos last Wednesday. Polaris Bank …
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Made In Naija: Union Bank Empowers Young Nigerian Entrepreneurs
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Bayo Adetu
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April 18, 2025
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BUSINESS, NEWS
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Union Bank of Nigeria, under its Made In Naija initiative, emphasised its commitment to supporting homegrown businesses by recently sponsoring the RISE Business Challenge at the University of Lagos, Akoka, during the 6th Annual Youth Leadership Conference. Dubbed Turning Point 6.0, the Resilience, Innovation, Social Responsibility, and Entrepreneurship (RISE) Challenge is a collaboration between Union Bank and the conference …
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