FY 2024: Fidelity Bank records a 210.0% growth in PBT to N385.2bn …Declares a total dividend of N2.10 per share

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Add Leading financial institution, Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210% growth in Profit Before Tax to N385.2 billion. According to the Bank’s results released on the Nigerian Exchange (NGX) on Friday, 28 March 2025, Gross Earnings increased by 87.7% to N1,043.4bn, driven by 106.9% growth in interest and similar income to N950.6bn. The increase in Interest Income was led by a combination of improved yield on earnings assets and 51.6% expansion in earnings base to N6.3tn. This led to a Profit After Tax…

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Jehovah’s Witnesses Announce Invitation Campaign to two special events in April

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Jehovah’s Witnesses globally have launched a campaign to invite all persons to two special events in April 2025. On the evening of Saturday, April 12, Jehovah’s Witnesses around the world will gather for their annual commemoration of the death of Jesus Christ. In previous years, the event has drawn some 20 million people globally. “Every year, millions of Jehovah’s Witnesses invite others to join us in remembering Jesus Christ,” said Odeyemi Afolabi, a spokesman for Jehovah’s Witnesses. “The purpose of our month-long campaign is to extend the invitation to this…

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   Cyber fraud: Nigerian sentenced to eight years improvement in India

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A Nigerian national, Jefferson Eze Henry has been sentenced to eight years in prison by a Kolkata court for defrauding an elderly man of Rs 1 crore in 2021 through a cybercrime scheme. The court also imposed a fine of Rs 50,000 on Henry following his conviction under the Information Technology Act and the Indian Penal Code. Henry was found guilty of posing as an official from the Royal Bank of London to deceive the victim, Saibal Banerjee, through fake email IDs and websites. Investigations revealed that he used virtual…

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Senate stops sale of Lafarge Cement company to Chinese firm

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The planned sale of Lafarge Cement Plc to a Chinese company, has been halted by the Nigerian Senate. The lawmakers directed the Bureau of Public Procurement (BPP) to stop the sales, citing national security and economic sovereignty concerns. Lafarge Cement, a key player in Nigeria’s construction and industrial sectors, is located in Ewekoro Local Council of Ogun State. The Senate’s intervention aims to ensure that the divestment process safeguards national interests. During plenary, Sen Shuaib Salisu (Ogun Central) raised a motion highlighting the strategic importance of Lafarge Cement to the…

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Senators, Ezekwesili clash, INEC faults Natasha’s recall process

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There was palpable tension on Tuesday during the hearing of a sexual harassment petition filed by Kogi Central lawmaker, Senator Natasha Akpoti-Uduaghan, as the same members of the Senate Committee on Ethics, Privileges, and Petitions engaged in a heated exchange with former Education Minister, Oby Ezekwesili. While the senators engaged Ezekwesili in a war of words, the Independent National Electoral Commission gave the embattled Kogi lawmaker temporary respite as it faulted the petitioners for not complying with the recall guidelines. Akpoti-Uduaghan was suspended by the Senate on March 6 following…

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Judge hands off Natasha’s case, cites Akpabio’s petition

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Justice Obiora Egwuatu of the Federal High Court in Abuja, who was assigned to hear a suit that was filed by the suspended Senator for Kogi Central, Natasha Akpoti-Uduaghan, on Tuesday, has hands off the case. The trial judge based his decision on a petition the Senate President, Godswill Akpabio, wrote to challenge his objectivity in the matter. Though the suit was originally fixed for hearing, however, when the matter was called up by the court’s clerk, Justice Egwuatu, announced his decision in a short ruling he delivered. He said…

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Suspect arrested with 488 rounds of live AK-47 ammunition concealed in palm oil

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A large cache of live ammunition cleverly concealed in jerrycans filled with palm oil has been intercepted by the Federal Capital Territory Police Command, while the suspects linked to the smuggling operation have been arrested. The breakthrough came after operatives from the Nyanya Division, in collaboration with officials of the National Union of Road Transport Workers, apprehended Nuhu Aminu, a 32-year-old man from Katsina State, at the Nyanya bus terminal. A statement on Monday by the command spokesperson, Josephine Adeh, said upon searching his consignment, officers discovered 488 rounds of…

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Fidelity Bank Equips Entrepreneurs for Global Trade Success with EMP 18

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Tier-one lender, Fidelity Bank Plc, has once again highlighted the importance of promoting non-oil exports as it recently hosted the 18th edition of its dedicated capacity development training tagged Export Management Programme (EMP 18). The programme, which was held recently in Lagos provided a platform for entrepreneurs interested in exploring global trade opportunities to scale and acquire relevant expertise. Hosted in partnership with the Lagos Business School (LBS), the 5-day intensive program focused on equipping entrepreneurs with the skills and knowledge needed to explore international market opportunities and strengthen their…

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N500m debt: I’m not asking for donations -Mr Macaroni

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Adebayo Adebowale, Nigerian skit maker and activist popularly known as Mr Macaroni, has made it clear that he is not seeking financial assistance despite revealing his shocking N500m debt struggles. The comedian in a chat said he only shared the experience for others to learn from and not because he needed help. “I’m not accepting any help or donations. I shared the story majorly because I wanted people to learn from my mistakes”, he stated. Recall that Mr Macaroni recently shocked fans by revealing his financial struggles, prompting an outpouring…

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12 inmates escape in Kogi jailbreak

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Twelve inmates have reportedly escaped in a jailbreak in the early hours of Monday in Kogi State. Kogi State Government confirmed this in a statement issued by the Commissioner for Information and Communication, Kingsley Femi Fanwo. He commended the swift response of security agencies to the jailbreak at the Federal Correctional Center in Kotonkarfe, where 12 inmates escaped. Fanwo praised the swift response of security agencies and described the escape as ‘unfortunate,’ assuring citizens that the State government is taking decisive steps to prevent a recurrence. According to him, the…

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