Fidelity Bank Plc has reaffirmed its commitment to community welfare and sustainable development with the distribution of food packs to more than 1,500 residents in Surulere, Lagos State, under its Fidelity Food Bank initiative. The outreach, carried out in partnership with the Office of the Personal Assistant to the President on Constituency Affairs and the…
By Seun Ibiyemi First Bank of Nigeria Limited has announced the launch of its Naira Visa Debit Card in partnership with Visa, in a move aimed at expanding access to secure, reliable, and seamless electronic payment services across Nigeria. The new card is designed for everyday consumers, enabling transactions across Point-of-Sale (POS) terminals, Automated Teller…
Nigeria’s foreign exchange market underwent a major structural transformation in 2025, with autonomous inflows overtaking Central Bank of Nigeria (CBN)-driven liquidity as the dominant source of dollar supply, according to new data from the Financial Market Dealers Association (FMDA). The report showed that autonomous foreign exchange inflows comprising private capital sources such as diaspora remittances,…
By Seun Ibiyemi The Debt Management Office (DMO) has listed the 18.95 per cent N47.335 billion Series III Sovereign Green Bond due June 2030 on the Nigerian Exchange Limited (NGX) and FMDQ Securities Exchange Limited, in a move aimed at expanding climate financing and deepening Nigeria’s sustainable investment market. The disclosure was made on Wednesday…
First HoldCo Plc, the parent company of First Bank of Nigeria, has announced plans to seek shareholders’ approval to raise up to ₦253.099 billion in fresh capital as part of efforts to strengthen its financial position and advance long-term regulatory and growth objectives. The proposed capital raise is contained in the notice for the company’s…
By Seun Ibiyemi United Bank for Africa (UBA) Plc has reaffirmed its commitment to advancing Africa’s economic transformation through entrepreneurship, innovation, trade facilitation, and strategic global partnerships at the Africa Forward Summit 2026 held in Nairobi, Kenya. The Summit, themed “Africa–France Partnerships for Innovation and Growth,” convened Heads of State, policymakers, investors, entrepreneurs, and business…
By Seun Ibiyemi The Nigerian naira recorded a mild appreciation against the United States dollar on Thursday, supported by improved foreign exchange supply from investors, exporters, and oil companies, according to market data. The local currency traded around ₦1,356 per dollar in the official market, strengthening from about ₦1,374 recorded the previous week, reflecting continued…
By Seun Ibiyemi Optimus Bank Limited, one of Nigeria’s fast-emerging digital-driven financial institutions, has reported a sharp rise in profitability for the year ended December 31, 2025, underscoring both the strength of its rapid expansion strategy and the growing complexities that come with aggressive banking growth. The bank’s audited financial statements show profit before tax…
By Seun Ibiyemi United Bank for Africa Plc (UBA) has reported a mixed financial performance for the first quarter of 2026, as solid revenue growth was offset by surging credit losses and higher operating expenses. The results highlight continued pressure on profitability following challenges in the 2025 financial year, with impairment charges rising sharply as…
United Bank for Africa Plc (UBA) has announced the retirement of Angela Adebayo as a Non-Executive Director, bringing to a close over six years of service on the bank’s board. The disclosure was contained in a statement signed by the Group Company Secretary, Bili Odum, and dated May 4, 2026. Adebayo, who joined the UBA…
