• Bayo Adetu
• July 11, 2021
• BUSINESS
• 0 Comments

The Federal Government has so far raised N360bn Sukuk bonds for the rehabilitation of economic roads across the country including the Ibadan-Ilorin, Kano-Maiduguri, Enugu-Port Harcourt and other roads. Documents and response to enquiries by the Federal Ministry of Works and Housing and the Debt Management Office on Friday showed that the N360bn has been raised by the government since 2017. …

• Bayo Adetu
• July 10, 2021
• BUSINESS
• 0 Comments

John C. Maxwell, an American author and speaker, is a widely acknowledged thought leader. Maxwell asserts in one of his most famous quotes, which encapsulates the true essence of leadership, “The pessimist complains about the wind. The optimist expects it to change. The leader adjusts the sails”. Fidelity Bank CEO, Mrs. Nneka Onyeali-Ikpe is leading the financial institution through a …

• Bayo Adetu
• July 9, 2021
• BUSINESS
• 0 Comments

A Federal High Court sitting in Lagos has restrained Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank from tampering, howsoever, with funds standing to their credit up to $6,759,000 (about N2.8 billion) or its equivalent in any currency in 25 banks, the Debt Management Office and Federal Ministry of Finance. Justice Daniel Osiaigor, who made the interim order …

• Bayo Adetu
• July 8, 2021
• BUSINESS
• 0 Comments

The Federal Inland Revenue Service has appointed some commercial banks to recover the sum of N1.8tn from Messrs MultiChoice Nigeria Limited and MultiChoice Africa. A statement signed by the Executive Chairman of the FIRS, Muhammad Nami, confirmed the appointment and outlined the reasons for the decision as the group’s continued refusal to grant FIRS access to its servers for audit, …

• Bayo Adetu
• July 8, 2021
• BUSINESS
• 0 Comments

Airline operators in the country must refund the full cost of travel tickets to passengers after a two-hour delay, the Federal Government has said. Minister of Aviation, Hadi Sirika, made this known on Thursday at the weekly State House Briefing in Aso Villa, Abuja. He read some of the rights of aviation passengers at the briefing and charged them to …

• Bayo Adetu
• July 7, 2021
• BUSINESS
• 0 Comments

Nigeria’s premier and leading financial inclusion services provider, First Bank of Nigeria Limited will hold its SMEConnect Webinar by 11am on Thursday, 8th July 2021 with “The ABCs of Accessing Finance for your Business” being the topic to be discussed at the event. Participants are required to register for the event via https://firstbanknigeria.zoom.us/webinar/register/WN_SU8vLK_OToec2EwZLqljZA The event topic is designed to expose SMEs …

• Bayo Adetu
• July 6, 2021
• BUSINESS
• 0 Comments

The authorities of Fidelity Bank have denied the rumour that the financial institution is probing its former Managing Director, Mr. Nnamdi Okonkwo over allegations of financial mismanagement.  A statement from the bank said that: “Our attention has been drawn to false information posted on some online platforms alleging that the Board of Directors of Fidelity Bank Plc has approved a …

• Bayo Adetu
• July 5, 2021
• BUSINESS
• 0 Comments

Due to delayed remittance of net domestic crude sales proceeds to the federation account, the Nigerian National Petroleum Commission (NNPC) incurred an opportunity cost of N11 billion in 2019. In the 2019 Oil and Gas audit report of the Nigerian Extractive Industries Initiative (NEITI), the NNPC’s default in payment cycle on domestic crude oil was between 14 and 27 days …

• Bayo Adetu
• July 1, 2021
• BUSINESS
• 0 Comments

The Senate on Thursday passed the Petroleum Industry Bill and approved 3 per cent for the host communities The upper chamber passed the PIB, 2021 after the clause by clause consideration of the report of its joint committee on Petroleum (Upstream, Downstream and Gas) on PIB. Although the Senate approved three per cent for the host communities despite protests from …

• Bayo Adetu
• July 1, 2021
• BUSINESS
• 0 Comments

Fidelity Bank, as a purpose-driven financial institution, makes concerted efforts to forge alliances with forward-thinking companies, working together to grow the Nigerian economy.  Just recently, EXCO members of the Bank led by Managing Director/CEO, Mrs. Nneka Onyeali-Ikpe received  Mr. Antoine Zammarieh, Managing Director, Allied Food & Confectionery Services Limited (Franchisee of Burger King in Nigeria), who paid a courtesy visit to the bank. The …