Union Bank of Nigeria has reaffirmed its reputation as a strong supporter of Nigerian businesses, receiving the Best SME Growth Banking Initiatives Award for 2025 from the Association of Small Business Owners of Nigeria (ASBON) at the Nigeria National SME Business Awards, held recently in Lagos. The award was presented to the Bank in recognition of its strategic leadership in advancing the growth and resilience of small and medium-sized enterprises, through a differentiated suite of solutions designed to enable business expansion and long-term value creation. Receiving the award on behalf of the Bank, Ayokunnumi Abraham, Head of SME Segment at…
Author: Lilian Azuh
Babatunde Olaniyi Loye has reaffirmed his commitment to the growth and unity of the African Democratic Congress (ADC) as preparations intensify ahead of the forthcoming senatorial election in Osun East. Speaking passionately to party loyalists and supporters, the respected political figure expressed confidence in the strength and stability of the party despite challenges confronting the nation’s political space. According to him, every season comes with its own trials and opportunities, stressing that while some people may focus on disappointments, he remains optimistic about the future of the ADC and the possibilities ahead. He described the party as “firm, solid, and…
Fidelity Bank Plc has reported a 45 percent increase in gross earnings for the 2025 financial year, as the lender’s shareholders’ funds crossed the N1 trillion mark following sustained balance sheet expansion and fresh capital injection. Analysis from the audited financial statements for the year ended December 31, 2025, reveals that the bank delivered robust results across key financial metrics, including Gross Earnings, which stood at N1.5 trillion, up from N1,04 trillion reported in 2024. Net Interest Income rose to N831.3 billion, compared to N629.7 billion in 2024, reflecting the bank’s stronger earnings capacity amid elevated interest rates and growth…
Fidelity Bank strengthened its liquidity position in the 2025 financial year as cash and cash equivalents rose by 87 percent to N1.32 trillion, reflecting improved cash buffers, stronger deposit mobilisation, and growth in interest-earning assets. The lender’s audited financial statement for the year ended December 31, 2025, showed that cash and cash equivalents increased from N707.45 billion in 2024, underscoring the bank’s stronger liquidity profile amid Nigeria’s tight monetary environment. Restricted balances with the Central Bank of Nigeria (CBN) also increased by 4.1 percent to N1.65 trillion in 2025 from N1.59 trillion in the previous year. The improved liquidity position…
Fidelity Bank Plc, a leading Nigerian financial institution, has announced its audited financial results for the year ended 31 December 2025, reporting Gross Earnings growth of 45.6% from N1.04 trillion in 2024 to N1.52 trillion in FY 2025, reflecting stronger topline momentum across core business segments. The Group recorded a Profit Before Tax of N347.7 billion. This performance was underpinned by a 38.7% year-on-year increase in interest income to N1.11 trillion (FY 2024: N803.1 billion) and a 44.7% year-on-year rise in fees and commission income to N113.4 billion (FY 2024: N78.4 billion). On the balance sheet, total assets grew by…
Promasidor Nigeria, a leading player in Nigeria’s fast-moving consumer goods (FMCG) industry, has recorded another significant milestone with three major industry recognitions that further reinforce its leadership in the dairy and consumer goods sector. At the Industry Awards, Promasidor Nigeria was named “Outstanding Dairy Company of the Year,” while its flagship brand, Cowbell, won “Dairy Brand of the Year.” The company also received a Corporate Social Responsibility Award at the Advertisers Association of Nigeria (ADVAN) Awards for Marketing Excellence in recognition of its impactful community initiatives. The Industry Awards is regarded as one of the platforms dedicated to recognizing excellence, innovation, and outstanding contributions across key…
When the Minister-Designate for Power, Joseph Olasunkanmi Tegbe, told the Nigerian Senate that there was “no quick fix” to Nigeria’s electricity crisis, the statement stood out for departing from the familiar rhetoric that has long shaped public conversations about the sector. In a country where ambitious declarations on power reform have often generated headlines faster than measurable outcomes, Tegbe’s remarks offered an early signal of a different leadership posture, one anchored less on spectacle and more on execution. This matters because Nigeria’s power sector has spent decades trapped in cycles of overpromising and institutional under-delivery. Successive reform efforts have come with…
Ghanaian model and actress Nana Akua Addo has responded to allegations from fashion house ALmée Couture, accusing her of using a disputed design concept for her headline-making outfit at the 12th Africa Magic Viewers’ Choice Awards (AMVCA).The dramatic cathedral-inspired gown worn by the actress at the AMVCA ceremony in Lagos quickly became one of the most talked-about looks of the night.However, shortly after the event, ALmée Couture alleged that the final outfit was based on a design concept originally developed by the brand. Reacting in a lengthy Instagram statement, Addo dismissed claims that she stole the idea, insisting that the…
Music executive Don Jazzy has dismissed allegations that Mavin Records prioritises some artists over others, stating that the label had no reason to neglect acts it had invested in. During an appearance on the Crea8torium podcast, Don Jazzy said differences in music releases among Mavin artists resulted from individual decisions rather than label bias. He noted that artists who released fewer songs in a year did so by choice, and the label would release material if provided. The music executive attributed claims of favoritism to imposter syndrome and overthinking, arguing that all signed artists received equal attention and support. “We…
Popular Nollywood actor, Alex Ekubo, is dead. He was 40.His death was confirmed on Tuesday by his colleagues, Funke Akindele, Bolanle Ninalowo, and Godwin Nnadiekwe, who claimed to be his ally.Sharing on her Instagram story, Akindele wrote, “Hmmmmmm. Rest in peace, Alex. I tried to reach out to see you one more time, but I guess you knew best. May your kind soul rest in peace, Alex. ‘Ore mi like you fondly called me, I will always remember and cherish the good times we shared together. Rest in Peace, Alex.”Meanwhile, Ninalowo, who is now in the United States, also mourned…