Landmark

Members of Cyclotron Club in the newly unveiled Polaris Bank co-branded cycling jersey, after a wellness ride held as part of the LiveWell by Polaris initiative in Lagos... Polaris Bank, Nigeria’s leading digital retail and commercial Bank institution, has announced a strategic partnership with Cyclotron Cycling Development Initiatives, otherwise known as Cyclotron Club, to advance LiveWell by Polaris, the Bank’s flagship wellness initiative designed to promote healthy living, preventive healthcare, and overall wellbeing among employees, customers, and communities across Nigeria. The partnership was formally unveiled at a ceremony held at the Bank’s headquarters last Saturday in Lagos, where both organisations launched a co-branded partnership jersey symbolising their shared commitment to fostering healthier lifestyles and supporting cause-driven advocacy through cycling. LiveWell by Polaris is a comprehensive wellness initiative created by Polaris Bank to encourage physical fitness, m...

Ogun State Governor, Prince Dapo Abiodun, on Tuesday received a major political boost as leaders, delegates, and stakeholders of the All Progressives Congress (APC) in Ogun East Senatorial District formally presented and endorsed him as the consensus candidate of the zone for the 2027 senatorial election. The endorsement, described by party leaders as a collective decision aimed at ensuring quality representation and sustaining party unity in the district, was witnessed by top APC chieftains, including the party’s consensus gubernatorial candidate in Ogun State, Senator Olamilekan Adeola, former deputy governors, and other senior stakeholders across Ogun East. The event had in attendance former deputy governors, Yetunde Onanuga, Segun Adesegun, and Gbenga Kaka, the Ogun State APC Chairman, Chief Yemi Sanusi, Deputy Chairman, Chief James Dina, Chairman of Ogun East Senatorial District, Senator Lekan Mustapha, and the Chairman of APC in Ogun East Zone, Dr. Adeleke Ogundoyin. While presen...

Fidelity Bank strengthened its liquidity position in the 2025 financial year as cash and cash equivalents rose by 87 percent to N1.32 trillion, reflecting improved cash buffers, stronger deposit mobilisation, and growth in interest-earning assets. The lender’s audited financial statement for the year ended December 31, 2025, showed that cash and cash equivalents increased from N707.45 billion in 2024, underscoring the bank’s stronger liquidity profile amid Nigeria’s tight monetary environment. Restricted balances with the Central Bank of Nigeria (CBN) also increased by 4.1 percent to N1.65 trillion in 2025 from N1.59 trillion in the previous year. The improved liquidity position came as Fidelity Bank recorded strong growth in customer deposits, which rose by 16.1 percent to N6.89 trillion from N5.94 trillion, indicating sustained customer confidence and expansion in the bank’s funding base. The bank’s total assets also expanded by 18.6 percent to N10.46 trillion from N8.82 trillion, dr...

The recently inaugurated campaign team of the re-election bid of Governor Ademola Adeleke has expressed confidence that the achievements of the candidate of Accord Party for the August 15 governorship election would pave way for his second tenure. The team tagged: “The Imole Campaign Council 2026”, declared this after its Media Committee officially opened Imole Media Centre in Osogbo on Sunday, meant for dissemination of the achievements of Adeleke and also informing the citizens of Osun on Adeleke’s reloaded agenda for his re-election bid. Senator representing Osun West Senatorial District, Lere Oyewumi, who is the Director-General of the Campaign Council, while addressing journalists at the Media Centre Opening ceremony, said Adeleke’s giant strides have made him loved by the people of the State, noting that majority of the populace have assured the governor of victory. The Senate Minority Leader said the governor has recorded significant achievements in infrastructure, education, he...

Fidelity Bank Plc has reported a 45 percent increase in gross earnings for the 2025 financial year, as the lender’s shareholders’ funds crossed the N1 trillion mark following sustained balance sheet expansion and fresh capital injection. Analysis from the audited financial statements for the year ended December 31, 2025, reveals that the bank delivered robust results across key financial metrics, including Gross Earnings, which stood at N1.5 trillion, up from N1,04 trillion reported in 2024. Net Interest Income rose to N831.3  billion, compared to N629.7  billion in 2024, reflecting the bank’s stronger earnings capacity amid elevated interest rates and growth in interest-earning assets. Interest and similar income calculated using the effective interest rate rose by 38.7 percent to N1.11 trillion in 2025 from N803.05 billion in 2024, while other interest and similar income increased by 25.1 percent to N184.51 billion. Net interest income after credit loss also rose significant...

Aviation business, not only in Nigeria, is generally known to be a capital intensive one and strictly guided by international regulations as prescribed by the International Civil Aviation Organisation (ICAO). The ICAO recommended standards and Practices are to be referred to when dealing in aviation business, therefore, Nigeria being a signatory to ICAO should uphold international civil aviation standards and fulfill its obligations under the Convention on International Civil Aviation. Numerous challenges, including high operating cost; fluctuating exchange rates; difficulties in aircraft repossession; perceived high-risk environment for international financiers and lessors, leading to stringent financing terms or reluctance to engage with Nigerian airlines, have really overwhelmed the sector. Experts say international lessors often perceive Nigeria as a high-risk country due to factors like currency fluctuations and difficulties in aircraft repossession, making it harder for airlines ...