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Fidelity Bank Plc Redeems US$400 Million Eurobond At Maturity

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Fidelity Bank Plc has successfully redeemed its 5-Year US$400 million Senior Unsecured Notes at maturity, reaffirming its commitment to meeting its obligations to investors and reinforcing its track record in the international debt capital markets. Issued on 28 October 2021, the 5-year Eurobond matured on 28 October 2026 and carried an annual coupon of 7.625 per cent, payable semi-annually. Fidelity Bank met all scheduled coupon payments throughout the life of the instrument and has now fulfilled its final repayment obligation in full, covering both principal and accrued interest. The redemption was funded from internally generated liquidity as part of the Bank's forward-looking liquidity management strategy. Through a dedicated sinking fund, Fidelity Bank progressively provided for the maturing obligation, enabling the Bank to meet its commitment while maintaining business-as-usual operations and compliance with applicable regulatory liquidity requirements. Commenting on the devel...

Remi Tinubu’s Renewed Hope Initiative Takes Food Relief To Ogun’s Vulnerable ...First Lady Assures Of Sustained Support As Abiodun Hails Intervention For Disadvantaged Nigerians

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The First Lady of Nigeria, Senator Oluremi Tinubu, has assured vulnerable Nigerians of sustained support through the Food Outreach Scheme of the Renewed Hope Initiative, as the programme extended its reach to Ogun State with the distribution of food items to disadvantaged groups. Senator Tinubu gave the assurance on Wednesday at the June 12 Cultural Centre, Abeokuta, during the distribution of food items to vulnerable residents of the state. Represented by the wife of the Vice President, Hajiya Nana Shettima, the First Lady said the initiative was designed to complement the Renewed Hope Agenda of President Bola Ahmed Tinubu by providing direct assistance to families and individuals facing economic hardship. She said the programme reflected the commitment of the Renewed Hope Initiative to improving family welfare and ensuring that vulnerable Nigerians received support, irrespective of their social status. “This Food Outreach Scheme is to complement the Renewed Hope Agenda of President B...

2027: Mopamuro Progressive Women Accuse TSG Of Secretly Supporting ADC …Ask APC Leadership To Warn Faleke Over Alleged Anti-Party Activities

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An All Progressives Congress (APC) support group, Mopamuro Progressive Women (MPW), has accused the Tinubu Support Group (TSG) in Mopamuro Local Government Area of Kogi State of allegedly using the name of President Bola Ahmed Tinubu to mobilise support for the opposition African Democratic Congress (ADC) ahead of the 2027 general elections. In a press statement on Wednesday issued by the Coordinator of the women's group, Mrs. Funmilola Zaccheaus, MPW alleged that TSG was discreetly mobilising support for the ADC's presidential candidate, Alhaji Atiku Abubakar while presenting itself as a group committed to President Tinubu's political interest. The group also alleged that TSG was backed by Hon. James Abiodun Faleke, and urged the APC leadership to caution the lawmaker over what it described as activities capable of undermining the party's efforts ahead of the 2027 general elections. "Our attention has been drawn to the nefarious activities of an organisation known...

Justice For Ajiran Leaders: Court Remands Ahmed Tajudeen In Alleged Murder Case

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The trial of Ahmed Tajudeen the principal suspect in the alleged murder of two prominent sons of the Ajiran Community in Eti-Osa Local Government Area of Lagos State resumed on Wednesday at the Lagos State High Court, Igbosere, after a delay of more than six months. The case, which was heard in Court 8 before Hon. Justice Abdul-Raheem Muyideen, took a new turn as the defendant was brought into the courtroom in a wheelchair due to his reported medical condition. During the proceedings, the defendant's lead counsel, Barrister Adedotun Ajulo, pleaded with the court to grant his client bail to enable him to receive adequate medical attention. Counsel urged the court to consider the defendant's health condition and allow him to access the necessary medical care while the trial continues. However, in his ruling, Hon. Justice Abdul-Raheem Muyideen denied the defendant's bail application. The judge directed that the defendant be returned to the custodial facility in Ikoyi, Lagos, w...

Abiodun Reassures Ijebuland On Awujale, Projects Economic Boom For Ogun East

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Ogun State Governor, Prince Dapo Abiodun, has reassured the people of Ijebuland that a new Awujale will emerge before May 29, 2027, while projecting a major economic transformation for Ogun East Senatorial District through emerging oil exploration activities and the proposed Gateway Deep-Sea Port. The governor gave the assurances on Tuesday at the Ogun East Senatorial District stakeholders’ meeting in Ijebu-Ode, where he engaged representatives of various interest groups on traditional affairs, governance and the economic prospects of the district. On the succession process for the revered Awujale stool, Abiodun assured the people that his administration was committed to facilitating a smooth, peaceful and widely acceptable process leading to the emergence of a new monarch. He acknowledged the importance of the Awujale institution to the cultural heritage, identity and unity of Ijebuland, appealing to the people to remain calm and patient as the necessary processes were being concluded...

Group Thanks Lagos Govt, Police Over Resolution of Ojaekomo Family Land Dispute

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The Centre for Public Accountability and Social Well-Being (CPASW) has commended the Lagos State Government for steps taken towards resolving the protracted land dispute between the Ojaekomo family and the Ojomu Chieftaincy Family at Ojaekomo Village Sapata Ajiran, Eti-Osa Local Government Area. The organisation also praised the Lagos State House of Assembly for its intervention in the dispute and the Nigeria Police Force for investigating allegations arising from the disagreement over the ownership and allocation of the land. The group also appreciated Nigeria Police Force; Inspector General of Police, Tunji Disu; AIG, FCID annex Alagbon, Simeon. U. Akpanudom and  CSP Oyewale Taiwo, O/C legal Alagbon, for their  unbiased ,professionalism, thorough and objective throughout the investigstion process. In a statement signed by its Secretary, Oluwasegun Gbamila, CPASW said the state government's reported actions following the Assembly's resolution had provided a basis for addressi...

Omoluorogbo Grammar School @ 50: Aiyedatiwa to Commission Administrative Block, Flag Off Classroom Projects

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Preparations for the golden jubilee celebration of Omoluorogbo Grammar School, Akure, Ondo State, have reached an advanced stage, with Governor Lucky Orimisan Aiyedatiwa expected to commission a completed ultra-modern administrative block and perform the groundbreaking ceremony for two new four-classroom block projects initiated by the school’s alumni. The events, scheduled for Saturday, October 31, 2026, form part of activities marking the institution’s 50th anniversary and underscore the alumni community’s commitment to improving educational infrastructure and securing a brighter future for the school. The completed administrative block and proposed classroom projects form part of a legacy infrastructure initiative comprising four four-classroom blocks planned for the school. The initiative is designed to address the institution’s infrastructural needs, enhance the learning environment and provide a more conducive atmosphere for teaching and learning. The projects, championed by the ...