Day: May 12, 2025

Access To Contracts: PenCom Pleads With Sanwo-Olu To Make PCC Mandatory

Admin

The Director General, National Pension Commission (PenCom), Ms. Omolola Oloworaran, has proposed a partnership with Lagos State Government to make the Pension Clearance Certificate (PCC) a mandatory requirement for companies seeking Lagos State Government contracts and services, as practiced at the federal level. She made the request during a courtesy visit to Governor Sanwo-Olu at the Lagos State Government House where she presented the report of PenCom’s 2024 routine inspection of the Lagos State Pension Commission (LASPEC), and to thank the governor for confirming his participation as special guest at…

Read More

Elumelu: AFC Doing Better Than Envisaged

Admin

Chairman, United Bank for Africa (UBA), Mr. Tony Elumelu, has commended the tremendous progress recorded by the Africa Finance Corporation (AFC) under the successive chief executive officers since inception. In his remarks at the AFC Day in London recently, Elumelu, who is a founding member of the Corporation, described the current CEO of AFC, Samaila Zubairu, as a unifier and a great person. The Conference was Themed: ‘AFC As a Gateway to Global – Africa Trade and Investment.’ According to him, “as founders of AFC, we had big aspirations and…

Read More

Q1’25: Fidelity Bank Grows PBT By 167.8% To N105.8bn

Admin

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 per cent compared to N39.5 billion in Q1’24. 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 per cent from N192.1 billion in the same period last year. Growth…

Read More

FG Set To Inaugurate Elumelu Led Disaster Relief Fund Committee

Admin

The Federal is set to inaugurate the Disaster Relief Fund Committee headed by astute investor and Chairman, Transcorp Group, Mr. Tony Elumelu. Elumelu, who represents the private sector, is the Chairman of the Comittee. The inauguration “is pursuant to the Federal Executive Council directive of September 23, 2024.” The inauguration, which is to be presided over by the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, is slated for Tomorrow, Tuesday, May 13, 2025 at Council Chambers, State House, Abuja by 2:0pm. Other members of the…

Read More