BUSINESS

UBA empowers customers with instant connectivity via new USSD advance top-up feature

Daily Dispatch May 28, 2025

In a bold move to further streamline mobile banking and meet customer needs on the go, United Bank for Africa (UBA) Plc has introduced Advance Top-Up, a new feature on its USSD platform, *919#, designed to ensure customers stay connected even when they run out of airtime or data. The service,

BUSINESS

Fidelity Bank Plc wins 2025 DBN innovation award for MSME support

Daily Dispatch May 26, 2025

In recognition of its exceptional contributions to innovative financial solutions for Micro, Small, and Medium Enterprises (MSMEs), Fidelity Bank Plc has been awarded the 2025 Development Bank of Nigeria (DBN) Innovation Award in the Deposit Money Bank (DMB) category. This prestigious accolade celebrates Fidelity Bank’s commitment to addressing the unique challenges faced

BUSINESS

NNPC Ltd to temporarily shut down Port Harcourt refinery for maintenance and assessment

Daily Dispatch May 24, 2025

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the temporary shutdown of the Port Harcourt Refining Company (PHRC) to carry out scheduled maintenance and a sustainability assessment. This was revealed in a press statement issued on Saturday by Olufemi Soneye, the company’s Chief Corporate Communications Officer. According to the statement, the

BUSINESS

NGX confirms no insider trading done by the MD/CEO of Fidelity Bank plc

Daily Dispatch May 24, 2025

The Nigerian Exchange Group (NGX) has affirmed that the recent purchase of 18 million units of Fidelity Bank shares by its Managing Director/Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, was conducted in full compliance with applicable regulations. In a letter dated May 22, 2025, the regulator dismissed allegations of insider trading and the misuse of bank […]

BUSINESS

SAGECOM Accuses Fidelity Bank of lying about financial status, petitions CBN

Daily Dispatch May 23, 2025

… Says Bank omits $129Million Judgement Debt From 2024 Annual Report A legal firestorm has erupted over Fidelity Bank Plc’s 2024 Annual Report, as lawyers representing Sagecom Concept Limited have written a petition to the Central Bank of Nigeria (CBN), accusing the bank of concealing a multi-million-dollar judgment debt under its litigation disclosures. In a […]

BUSINESS

Fidelity drives NGX early rally as investors swoop on bank stocks

Daily Dispatch May 23, 2025

After muted days of buy activities, Nigeria’s stock market recorded early rally on Friday as invested pounced on the stocks of Fidelity Bank Plc. As at 11am, the NGX All Share Index (ASI) was up by 0.19 percent to 109,385.94 points. Fidelity Bank was up to N18.60, after adding N1.255 (6.63 percent). After Thursday’s negative […]