Fidelity Bank Plc, one of Nigeria’s leading Tier-1 financial institutions, has announced a remarkable financial performance for the first quarter of 2025, recording a Profit Before Tax (PBT) of N105.8 billion, representing an impressive growth of 167.8% compared to N39.5 billion in Q1 2024. The bank’s unaudited financial statements, released on the Nigerian Exchange (NGX) on April 30, 2025, highlight a substantial increase in Gross Earnings, which rose to N315.4 billion, marking a year-on-year growth of 64.2% from N192.1 billion in the same period last year. Growth in interest income was primarily led by 38.6% yoy (7.4% ytd) expansion in…
Author: Oluwatoyin Mathnuel
On May 2nd, 2025, Wema Bank, Nigeria’s oldest indigenous bank, most innovative, and pioneer of Africa’s first fully digital bank, ALAT, showed Nigeria and the entire financial sector what it truly means to celebrate legacy with purpose. The event, themed Timeless Elegance, was held at the Eko Hotel and Suites. The bank’s 80th-anniversary celebration was more than a gala; it was a finely curated brand experience that blended history, glamour, music, storytelling, and strategic vision into one unforgettable night. With every segment choreographed to perfection, the evening was a strong statement of who Wema Bank is, where it’s coming from,…
There was tension and panic at the All Progressives Congress (APC) Secretariat in Acme, Lagos, on Wednesday afternoon when the Chairman of Bariga Local Government, Hon. Kolade Alabi, suddenly slumped while addressing party stakeholders. The dramatic incident occurred during a high-level APC stakeholders’ meeting, drawing gasps and confusion from the crowd as Alabi, a prominent figure in Lagos grassroots politics, lost consciousness mid-speech. Eyewitnesses described the scene as chaotic, with party members and aides quickly rallying around him. He was promptly revived at the scene before being rushed to a nearby hospital for further medical evaluation and treatment. Sources at…
…affirm zero tolerance for crime and criminality in the state. By Naomi Onome The Commissioner of the Cross River State Command, CP Olusegun Omosanyin, in his 4th week in office, sensitized officers on clarity, transparency, and professionalism following a recent rumor involving some officers’ underhanded tactics in the state. He assures that there will be zero tolerance for unethical professionalism from officers seen perpetrating actions not in line with the code and conduct of a police officer. Also in line with his authority, the situation regarding extortion by operatives of anti-cultism on some youngsters recently has been addressed in swift…
L-R: Head of Operations and Innovation, Lagos State Signage and Advertisement Agency (LASAA), Mr Adegbolahan Dixon; Head Teacher, Anglican Primary School, Igbogbo, Ikorodu, Ms Akeredolu Kehinde; Hon. Gbolahan Ogunleye representing Ikorodu 1 House of Assembly (Chairman SDG and Overseas Investment); MD/CEO, LASAA, Prince Fatiu Akiolu; Chairman Omo Daada Foundation, Hon. Omoniyi Dada; and Head, Corporate Communications and Strategy, LASAA, Mrs. Atinuke da-Silva-Osadjere at the presentation of bags and writing materials in Anglican Primary School, Igbogbo, Ikorodu, Lagos recently. The Lagos State Signage and Advertisement Agency (LASAA) has broadened its corporate social responsibility (CSR) efforts with the second phase of its…
Wema’s 80-for-80 million Naira winners and the MD/CEO, Moruf Oseni, during the bank’s 80th Anniversary gala Night.Wema Bank, Nigeria’s oldest indigenous bank, most innovative and pioneer of Africa’s first fully digital bank, ALAT, celebrated its 80th anniversary in grand style with a spectacular gala event, themed ‘A Night of Timeless Elegance.’ The event held at the prestigious Eko Convention Center on May 2nd, 2025. In a powerful gesture of gratitude and celebration, the bank rewarded 88 loyal customers with over ₦14 million in cash prizes at the event.Eight customers each received ₦1 million, while 80 other lucky winners went home…
By Oluwatoyin Mathnuel His Royal Majesty, Oba Sulaimon Ashade, the Oniba Ekun of Iba Kingdom, is widely recognized as one of the most revered Yoruba monarchs among the Awori people. Residing in the Ojo Local Government Area of Lagos State, Kabiesi is known far and wide for his philanthropic spirit, which transcends geographical, ethnic, and religious boundaries. As part of his birthday celebrations for the year 2025, Barrister Emmanuel Sunday Kapo, Chairman of the Oniba Royal Committee, extolled the monarch’s charitable works. Speaking to the media, he highlighted Oba Ashade’s consistent acts of benevolence, including the donation of wheelchairs to…
Respected City Lawyer and Principal Partner at Robert Clarke SAN & Ade Oshodi Partners, Shakeer Adedayo Oshodi, Esq., was, on Friday, May 2, conferred with the SDNON Excellence in Legal Innovation Award in recognition of his transformative contributions to judicial practice in Nigeria, in a solemn gathering brimming with reverence for legal excellence and civic dedication. The Society of Digital Newspaper Owners of Nigeria (SDNON), led by its President Adeniyi Ifetayo, presented the award, drawing inspiration from John F. Kennedy’s immortal words: “Ask not what your country can do for you, but what you can do for your country.” Ifetayo…
Cascador, Nigeria’s premier accelerator for mid-stage entrepreneurs, has announced a landmark partnership with Sterling Bank to launch a bold new debt funding model to unlock growth for Africa’s most promising ventures. Backed by a $2 million Catalytic Fund, the partnership introduces flexible, founder-friendly financing for Cascador alumni; pairing low-interest debt with business mentorship, tailored repayment terms, and dramatically reduced collateral requirements. “This is a breakthrough moment for Cascador and for the entrepreneurs we serve,” said Dave DeLucia, Founder of Cascador. “Through our partnership withSterling Bank, we’re deploying capital in a way that’s truly catalytic -pairing mentorship and education with access…
Wema Bank, Nigeria’s most innovative bank and pioneer of Africa first fully digital bank, ALAT, has officially marked its 80th anniversary on May 2nd, 2025, receiving national commendation for its trailblazing legacy as Nigeria’s oldest and longest surviving indigenous bank. Established as Agbonmagbe Bank Limited in 1945, Wema Bank paved the way for indigenous banking to thrive in Nigeria, challenging colonial monopoly of the banking industry to become a provider of financial services tailored to the needs of indigenous Nigerians and businesses. 8 decades later, Wema Bank has not only metamorphosed into a leader in banking and innovation, but also…