The Nigerian Exchange Group (NGX) has affirmed that the recent purchase of 18 million units of Fidelity Bank shares by its Managing Director/Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, was conducted in full compliance with applicable regulations. In a letter dated May 22, 2025, the regulator dismissed allegations of insider trading and the misuse of bank funds for the transaction stating “….Following the filing of the Bank’s 2025 Q1 UFS on 30 April 2025, the Directors and other insiders of the Bank became eligible to trade on the securities of the Bank after twenty-four (24) hours. Therefore, the share purchase transaction…
Author: Oluwatoyin Mathnuel
Adron Homes & Properties Ltd. has recently become aware of a serious allegation published by the Foundation for Investigative Journalism (FIJ) on May 22, 2025. The report claims that our company failed to refund a land payment to a client, Mr. Solomon Oludare Akinbo, after he allegedly made full payment for a plot at our Treasure Park and Garden, Phase 2, located in Shimawa, Ogun State. We would like to express our strong disappointment that FIJ did not take the necessary steps to reach out to us for verification of these claims before making such serious allegations. The report contains…
After muted days of buy activities, Nigeria’s stock market recorded early rally on Friday as invested pounced on the stocks of Fidelity Bank Plc. As at 11am, the NGX All Share Index (ASI) was up by 0.19 percent to 109,385.94 points. Fidelity Bank was up to N18.60, after adding N1.255 (6.63 percent). After Thursday’s negative close, Vetiva analysts said in their post trading commentary that, “With market breadth weakening and key sectors under pressure, investors may stay defensive unless renewed buying interest emerges in oversold key names. Barring a strong rebound in the banks or consumer goods space, the market…
The Federal Road Safety Corps (FRSC), Lagos State Sector Command, hereby alerts the general public that 75,259 processed driver’s licenses remain unclaimed across the state. These unclaimed licenses are currently housed at the Motor Vehicle Administration Agency (MVAA) or Board of Internal Revenue (BIR) offices. However, applicants can visit any of the 25 Driver’s License Centers (DLCs) across Lagos State to confirm their license pickup code. Many applicants have completed their biometric capture but have failed to return for their permanent license The FRSC reiterates that possession of a valid driver’s license is not only a legal requirement in Nigeria…
Queen Salawa Abeni , the lady waka queen Shared her traumatic experience of paralysis of six years with a front line media personality coupled with the miracle that restored her life I was ill for about six years. It all began around 2008, and I didn’t fully recover until six years later. During that time, I couldn’t perform or attend any social events—I was completely paralyzed. Walking was impossible, and all I could think about was how to get back on my feet. I prayed to Allah constantly to help me regain what I had lost. What exactly happened? It’s…
Tier-one lender, Fidelity Bank Plc, has recently announced salary increments for its staff following a remarkable full year 2024 financial performance. The salary increase announced in May follows a prior increment from November 2024 and aims to recognize staff contributions in customer service and achieving corporate goals. It will be recalled that the Dr. Nneka Onyeali-Ikpe-led institution recorded the highest growth in year-on-year profitability in the Nigerian banking industry in 2024 with a 210% growth in Profit Before Tax to N385.2 billion. Similarly, the bank recently announced that it was on the verge of closing out on the Central Bank…
Senator Yunus Akintunde the Distinguished Senator representing Oyo Central Senatorial District has sent felicitations messages to Honourable Akin Alabi as he is being approved as the Jagun Olubadan of Ibadanland marking his joining the ladder of promotion on the prestigious Olubadan traditional chieftancy system. In a release made available to the public through Kunle Olatunji the Special Assistant on Media and Publicity to Senator Akintunde, he expressed his best wishes to Hon Akin Alabi whom he described as a beacon of hope for younger generation on leadership as he commenced on the ladder of promotion in this new status within…
…as Governors Harp on Regional Integration …ARHOSPS-SWN, DAWN Launche Action Plan For Southwest Region Stakeholders in the South-West region gathered on Thursday in Ibadan to identify and address the region’schallenges, and concluded that the region needs to improve its multi-modal transport system to enhance development, boost regional integration and drive the economy. The stakeholders, comprising of top government officials, retired and serving Heads of Service and Permanent secretaries, among others said it was important the region opens its transport multimodality, adding that this will develop networks and impact positively on the region. The call was made at the launch of…
Fidelity Bank Nigeria has emerged as the fastest-growing Nigerian brand as the lender’s value more than tripled, displacing Stanbic IBTC, a new report by Brand Finance, a London-based brand valuation consultancy revealed. The bank’s emergence highlights the lender’s expanding market influence and strong investor confidence as the financial institution continues to deliver value for its customers amid tough economic conditions. “Fidelity Bank’s brand value growth is underpinned by strong financial performance in 2024, during which the bank reported a 210% increase in Profit Before Tax (PBT), soaring to N385.2 billion,” Brand Finance said in its annual valuation report. “Gross earnings…
The Lagos State Ministry of Justice has tracked a staggering 73,962 criminal cases and recovered over ₦10 billion in the past year, underscoring its commitment to strengthening the rule of law and justice delivery in the state. Hon. Attorney-General and Commissioner for Justice, Mr. Lawal Pedro (SAN), announced these significant strides at the ongoing Y2025 Ministerial Press Briefing held on Wednesday at the Bagauda Kaltho Press Centre, Alausa, as part of activities commemorating the second year of the second term the Governor Babajide Sanwo-Olu-led administration in the State. Mr. Pedro highlighted the Ministry’s relentless pursuit of justice as a practical…