Author: Admin

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…

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AIO Strengthens Ties With Nigerian Insurers, Pledges Better Return For Members

Admin

The African Insurers Organisation (AIO) has moved to strengthen collaboration with the Nigerian insurance market while pledging more value in return for insurance companies of its member countries.     The Secretary General of the AIO, Mr. Jean Baptiste, said this during an official visit to the Nigerian Insurance Market in company of the AIO’s Communication and Public Relations Officer, Mr Charles Moki, hosted by the Nigerian Insurers Association (NIA) in Lagos.     The visit of the AIO officials to Nigeria began with a meeting with the NIA Chairman,…

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Global Push For A Ghanaian Cardinal To Succeed Pope Francis?

Admin

…his election would mark a historic moment Pope Francis who introduced some radical reforms into the Catholic fold passed on Easter Monday at 88. As the tradition entails, a Conclave is already underway to prepare the ground for a new pope. Whike the faithful mourn, there appear to be an underground push for the emergence of the first black Pope in the history of Catholicism as the only black man among the Cardinals, Cardinal Peter Turkson, 76, a Ghanaian, is up in the bar to succeed Francis. As reported by…

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IMF: Nigeria Taking Significant Steps To Stabilise Economy

Admin

  Following series of reforms embarked upon by the Federal Government, a team of experts from the International Monetary Fund (IMF) has confirmed that Nigeria is currently on the right path to stabilising the economy. In an End of Mission statement signifying that the IMF staff have completed the 2025 Article IV Mission to Nigeria, the mission chief for Nigeria, Mr. Axel Schimmelpfennig, issued a statement confirming Federal Government’s positive journey to stabilising the economy. The team visited Lagos and Abuja on April 2–15 to hold discussions for the 2025…

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Third Party Motor Insurance: Checkmating The Police Advantage

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  The issuance of a licence to the Nigeria Police Force to own and operate insurance business appears to have distabilised the conventional operators as the deed becomes a cutting edge for the law enforcement officers to corner a number of the policies to themselves through sheer intimidation, especially the most rewarding Third Party Motor Insurance cover, Sunday Ojeme reports   Over the last couple of years, the Nigerian insurance sector has struggled against so many odds. Fuelled by both internal and external misadventures, the sector has basically struggled endlessly…

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Federal Government Warns Nigerians About New COVID-19 Strain

Admin

Nearly four years after the onset of the COVID-19 pandemic, the Federal Government has issued a warning regarding the emergence of a new strain. A circular from the Federal Ministry of Health and Social Welfare announced that the recently identified variant, known as XEC COVID-19, originated in Australia and has already been reported in 29 countries worldwide. Dated December 5, 2024, and referenced as DHS/INSPDIV/O17/VOL.I/46, the circular was signed by Dr. O. N. Anuma, Head of the Teaching Hospital Division, on behalf of the Permanent Secretary. It emphasizes that this…

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Adeyanju: How We Arrived At N200, 000 Minimum Wage For Our Workers

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The Peesident-General, Maritime Workers Union of Nigeria (MWUN), Comrade Adewale Adeyanju, in this interview with Sunday Ojeme, speaks on challenges in the shipping sector and steps taken to improve workers’ welfare. How has government policies been affecting the mariritme sector of recent? It’s affecting us severely. The vessel traffic has gone below the global standard. Vessels that used to come with 500 containers now come with just 100 containers and that has impact on the workers in such a company. The economic impact is coming to the workers because the…

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NLC Loses Track Of Ajaero’s Whereabouts after DSS Arrest

JUSTINA EMMANUEL OKPARA

…Holds Emergency Meeting   Officials and members of the Nigeria Labour Congress (NLC) are currently apprehensive over the whereabouts of their President, Joe Ajaero, after his arrest by the DSS earlier today. A statement issued by the Head of Information and Public Affairs, NLC, Comrade Benson Upiah, said the Congress was yet to ascertain his whereabouts or his state of health as all efforts made to get in touch with him have proved abortive. According to the statement, “this morning, the President of the Nigeria Labour Congress (NLC), Comrade Joe…

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Capital Formation: Coronation Registrars Charts Path To Sustainable Wealth

Admin

  With most Nigerians finding it difficult to save for the future due to several factors, the management of Coronation Registrars has identified the role investment in securities could play in capital formation. In a webinar themed, “The Role of Capital Formation and Dividend in Building Sustainable Wealth,” organised by the firm, the President and Chairman of Council, Institute of Capital Market Registrars, Oluseyi Owoturo, gave a direction on building sustainable wealth. Speaking on the importance of reinvesting dividends, he said dividends could be a good source of capital formation…

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ASCSN Flays Abuja Office Invasion By Bola-Audu, Others

Admin

The Association of Senior Civil Servants of Nigeria (ASCSN) has said its office in Area 7 at the Federal Capital Territory, Abuja, was on Wednesday invaded by Bola-Audu Innocent and some other people believed to be thugs. In a press statement issued in Lagos, the ASCSN Secretary-General, Comrade Joshua Apcbo, stated that a detachment of police in Abuja was taking steps to clear the office of hoodlums. Bola-Audu Bola-Audu has been in court with the current leadership of the Association, laying claims to the position of the president. The statement…

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