Author: Nationalmonitor

As part of this year’s International Women’s Day celebrations, the London Business School (LBS) Alumni Community Nigeria hosted a private brunch and fireside chat that placed the spotlight firmly on one of Nigeria’s most impactful business leaders—Dr. Nneka Onyeali-Ikpe, the Group Managing Director and Chief Executive Officer of Fidelity Bank Plc. Held in Lagos, the event gathered an elite group of C-suite executives from across finance, FMCG, investment, and other critical sectors for a powerful conversation on leadership, resilience, and the shared responsibility to “Accelerate Action,” this year’s global Women’s Month theme. But it was Dr. Onyeali-Ikpe’s presence and insights…

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 funds for the transaction stating “….Following the filing of the Bank’s 2025 Q1 UFS on 30 April 2025, the Directors and other insiders of the Bank became eligible to trade on the securities of the Bank after twenty-four (24) hours. Therefore, the share purchase transaction…

By: Babajide Obafemi Hon. SALMAN IDIRIS embodies legislative excellence, one who has consistently demonstrated unwavering dedication to the people he represents. With an unshakeable commitment to open, responsive, and responsible governance, he has established himself as an apostle of empowerment and a champion of his constituents’ interests.I have known him for a while, but I had the closest contact during the last election. I was the media head of the late Olobatoke Olaiya Michael (OMO) campaign team. He was in PDP with us, and he and OMO contested the primaries where OMO carried the day. He wasn’t satisfied with the…

By Wasiu Alli Fidelity Bank Nigeria has emerged as the fastest-growing Nigerian brand as the lender’s value more than tripled, displacing Stanbic IBTC, a new report by Brand Finance, a London-based brand valuation consultancy revealed.The bank’s emergence highlights the lender’s expanding market influence and strong investor confidence as the financial institution continues to deliver value for its customers amid tough economic conditions.“Fidelity Bank’s brand value growth is underpinned by strong financial performance in 2024, during which the bank reported a 210% increase in Profit Before Tax (PBT), soaring to N385.2 billion,” Brand Finance said in its annual valuation report.“Gross earnings…

Dangote Petroleum Refinery & Petrochemicals has announced another reduction of N15 in the price of its high-quality Premium Motor Spirit (PMS). As a result of this reduction, Nigerians will now purchase the product at the following prices: N875 per litre in Lagos; N885 per litre in the South West; N895 per litre in the North West and North Central, while it will be sold for N905 per litre in the South East, South South, and North East.These prices will apply through all its partners, including MRS, AP (Ardova), Heyden, Optima Energy, Techno Oil, and Hyde. The refinery called on other…

By Aniekan Ezekiel What happens when legacy meets preparedness? What results from such a combination? Let us not be in a hurry to put forward any answers yet. Instead, let us consider first the opposite situation: When legacy meets unpreparedness.The world abounds in examples of this distressing situation. A dynasty that has built wealth from generation to generation, with its illustrious heirs providing generational leadership, finds itself in a strange phase where an ill-prepared heir takes over the reins and in that same generation, not the next, wipes out the entire family fortune built over several generations. We see the…

In a decisive move underscoring unwavering confidence in Fidelity Bank Plc’s resilience, Managing Director and CEO, Dr. Nneka Onyeali-Ikpe has acquired an additional 18 million shares of the bank, valued at approximately ₦366 million.According to a regulatory filing posted on the Nigerian Exchange Group (NGX) Disclosures portal, this strategic investment was executed at ₦20.35 per share on May 19, 2025, the same day an online platform published an unsubstantiated report on a Supreme Court ruling in a decades-long case that the bank inherited from the defunct FSB International Bank that it absorbed in 2005.Dr. Onyeali-Ikpe’s latest acquisition is not an…

By Ikechukwu Amaechi Fidelity Bank Plc has dismissed as unfounded the story making the rounds that it is on the verge of bankruptcy following a Supreme Court judgment linked to a legacy $3 million credit facility granted by the defunct FSB International Bank in 2002.The bank made the clarification on Monday, assuring the general public, depositors and stakeholders that it remains financially strong despite court judgment.In a statement by its Divisional Head, Brand & Communications, Meksley Nwagboh, Fidelity Bank called for calm, stating that it was currently seeking judicial clarification on the accurate computation of the judgment sum. “By way…

inDrive, a leading global ride-hailing platform operating in nine African countries, has officially launched its Law Enforcement Request Portal to support safety investigations in Nigeria.According to the management of inDrive, the online portal offers a dedicated and secure channel for authorised Nigerian law enforcement officials or agents to formally request user data, strictly for public safety and law enforcement purposes.Speaking on the launch, the Country Government Relations Manager, inDrive, Mary-Anne Momoh-Ige, emphasised the significance of the initiative, noting that it reflects the company’s commitment to fostering strong collaboration with law enforcement agencies.“The launch of this portal reaffirms our dedication to…

Interswitch Group, one of Africa’s leading integrated payments and digital commerce companies, recently hosted the fourth edition of its flagship Career Fair at the Landmark Event Centre, Lagos. Themed “The Talent Paradox: Enabling the Talent Ecosystem in Africa,” the one-day event brought together thousands including industry leaders, professionals, students, and job seekers for an immersive experience focused on unlocking the potential within Africa’s talent pipeline. During the event, participants engaged in a dynamic series of keynotes, panel sessions, and mentoring sessions that challenged conventional thinking and sparked new ideas around the future of work in Africa. From practical career resources…