Day: May 12, 2025

Elumelu: Future belongs to nations with investments in Africa

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The Chairman, Heirs Holdings, Mr. Tony Elumelu, has called on countries interested in future greatness to invest in Africa. The prolific investor, who dropped the hint on his X handle while attending the Fintech Summit in Dubai on Monday, said the future belonged to nations that invest in Africa today with opportunities spanning electricity, mass transit, and digital connectivity. Emphasising that Africa is open and ready for business, Elumelu, who is also the Chairman, United Bank for Africa (UBA) and Founder, The Tony Elumelu Foundation, said: “Africa does not need…

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AXA Mansard Investments Renews Commitment To Empower Women

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In celebration of Women’s Month, AXA Mansard Investments Limited, a leading asset management firm, expressed its commitment to continue empowering women financially in the country. The company said this at the third edition of its flagship webinar series, ‘Achieve Much More, held virtually. This special Women’s Day edition, themed: “Women’s Wealth: How to Start from Where You Are”, was designed to equip Nigerian women with practical knowledge and tools for achieving financial security regardless of their life stage or income level. The virtual session featured seasoned financial advisor and Chief…

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

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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…

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Elumelu: AFC Doing Better Than Envisaged

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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…

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

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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…

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