BUSINESS

Fidelity Bank funds construction of Nigeria’s first privately built onshore oil export facility in 50 years

Daily Dispatch June 17, 2025

In a significant boost to Nigeria’s crude oil production and export capabilities, leading financial institution Fidelity Bank Plc has facilitated the construction of the country’s first privately built and operated onshore crude export terminal in over 50 years. The terminal, located at the

BUSINESS

Dangote Refinery launches major initiative to distribute Petrol

Daily Dispatch June 17, 2025

The Dangote Petroleum Refinery has launched a major initiative to distribute Premium Motor Spirit (PMS) and diesel to marketers, fuel dealers, manufacturers, telecom operators, the aviation industry, and other large-scale users across Nigeria. As part of this effort, the refinery is offering free logistics support to streamline distribution, with the potential to lower

BUSINESS

How N5bn Bond Bail Signed by Fidelity Boss was Confused as Bribe

Daily Dispatch June 17, 2025

Fidelity Bank has dismissed reports alleging that its Managing Director (MD) paid N5 billion in bribes to avoid detention by the police. In a statement released on Monday, the bank explained that the MD was asked to sign a N5 billion bail bond as part of a police investigation into a matter involving the account […]

BUSINESS

(Press Release) RE: Clarification of N5Billion Bail Bond Signed by Fidelity Bank MD

Daily Dispatch June 16, 2025

Our attention has been drawn to a publication on Sahara Reporters website titled, “Fidelity Bank MD Onyeali-Ikpe Confesses to Paying ₦5Billion To Avoid Police Detention Amid Over ₦19Billion Fraud Probe”. We would like to categorically state this story is patently false and has been maliciously written to deceive the public into believing that a N5billion […]

BUSINESS

Petroleum distribution faces disruption as NARTO halts operations over Lekki-Epe access charges

Daily Dispatch June 15, 2025

The downstream petroleum supply chain may soon face disruptions as the National Association of Road Transport Owners (NARTO) has instructed its members to halt the scheduling of tanker trucks for loading at the Dangote Refinery. The move is a direct response to an unresolved dispute with the Lagos State Government over newly imposed access fees […]

BUSINESS EDUCATION

Young Nigerians to get N2bn Private University Scholarships fromSterling Bank

Daily Dispatch June 13, 2025

Nigeria’s most forward-looking financial institution, Sterling Bank, has announced an over ₦2bn commitment for fully-funded private university scholarships for youngNigerians. Unveiled on Democracy Day, the initiative titled Beyond Education, represents a decisive step towards building the country’s future leaders by dismantling the barriers that keep millions of Nigerians