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Fidelity Bank Grows Gross Earnings By 38% To N434.95b In Q1

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Fidelity Bank Plc recorded 37.9 per cent growth in gross earnings to N434.95 billion in first quarter 2026 as the international commercial bank continued to expand its core banking market share. Interim report and accounts of Fidelity Bank for the three months ended March 31, 2026 released at the Nigerian Exchange (NGX) showed that gross earnings rose from N315.42 billion in first quarter 20025 to N434.95 billion in first quarter 2026, representing an increase of 37.9 per cent. The top-line performance was driven by impressive growth in the bank’s core business operations with interest incomes rising by 22.8 per cent to N314.48 billion in first quarter 2026 as against N256.10 billion in first quarter 2025.  With net interest income at N180.97 billion, the bank closed the period with profit before tax of N92.48 billion. After taxes, net profit stood at N74.47 billion for the three-month period. Earnings per share remained high at N5.69, underlining the capacity of the bank to reward...

Abiodun Felicitates Muslims On Eid-El-Kabir, Urges Peace, Sacrifice

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Ogun State Governor, Prince Dapo Abiodun, has congratulated Muslim faithful in Ogun State and across the country on the celebration of this year’s Eid-el-Kabir, urging them to imbibe the virtues of sacrifice, obedience, love, and peaceful coexistence as exemplified by Prophet Ibrahim. In his Sallah message, Governor Abiodun said Eid-el-Kabir remains a significant spiritual occasion that teaches humanity the importance of faith, selflessness, tolerance, and total submission to the will of Almighty Allah. The governor called on residents of the state to continue to live in peace and harmony, irrespective of religious or ethnic differences, noting that unity and mutual understanding are critical to the continued progress and development of the state and the nation at large. Prince Abiodun also urged Nigerians to continue to support the initiatives and reforms of the Federal Government, expressing confidence that the policies being implemented would ultimately take the country out of its p...

Tinubu’s Inclusive Leadership Strengthening APC Democracy, Says Dapo Abiodun

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Ogun State Governor, Dapo Abiodun, has formally presented the official results of the All Progressives Congress (APC) primary election for Ogun East Senatorial District to President Bola Ahmed Tinubu. Governor Abiodun, who emerged as the APC candidate for the Ogun East Senatorial District election, expressed profound gratitude to Almighty God, President Tinubu, party leaders, stakeholders, and the people of Ogun East for the confidence and trust reposed in him throughout the primary process. The Governor commended the President and leader of the party for his inclusive democratic policies, particularly his insistence on direct primaries, which he said have enabled members of the APC to freely exercise their franchise, while also fostering a stronger sense of belonging and ownership within the party. He described the successful conduct of the primary election as a reflection of the unity, strength, maturity, and democratic spirit within the All Progressives Congress in Ogun State. Princ...

Ogun Govt Warns AIG Against Interference in Ongoing Land Grabbing Prosecution

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The Ogun State Government has warned a senior police officer attached to the Force Intelligence Department, Abuja, Assistant Inspector General of Police, Enyinnaya Adiogu, to immediately stop what it described as a parallel investigation into an ongoing land grabbing case involving the World Mission Agency (WMA), owners of Living Faith Church Worldwide in Sango-Ota. In a letter dated May 23, the Ogun State Attorney General and Commissioner for Justice, Oluwasina Ogungbade, warned the officer against investigating allegations of criminal conspiracy, threat to life, and illegal possession of firearms reportedly lodged against the mission by one Ibrahim Gbenga Ibuoye. The government said Ibuoye is currently facing prosecution before a Magistrates’ Court in Abeokuta over allegations bordering on forceful entry into another person’s land, forceful takeover of land, and the use of threats and violence in connection with the disputed property. According to Ogungbade, the matter is already bef...

Stewardship, Not Seizure: What the Union Bank Case Is Really About

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There is a particular genre of financial commentary that mistakes legal process for a factual verdict. A court delivers a first-instance ruling, procedural questions are raised, and before the ink is dry on the appeal filing, the narrative has already hardened: the regulator overreached, investor confidence is shattered, and Nigeria’s financial governance is on trial before the world. Much of the commentary currently circulating about Union Bank of Nigeria belongs to that genre. It is not without merit on certain procedural questions. But it is, at its core, incomplete — and incompleteness in financial journalism carries costs that run well beyond the column. The Acquisition That Started Everything In 2022, Titan Trust Bank Limited, then chaired by Mr Tunde Lemo, acquired approximately 94 per cent of Union Bank of Nigeria through two Dubai-registered entities: Luxis International DMCC, promoted by Mr Rahul Savara, and Mr Cornelius Vink’s Magna International DMCC, both linked to the Tro...

Ikorodu LG Chairman, Ladega, Congratulates Tinubu Over APC 2027 Ticket, Commends Leadership

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  The Executive Chairman of Ikorodu Local Government, Hon. Prince Adedayo Ladega, has congratulated President Bola Ahmed Tinubu, GCFR, on his emergence as the presidential candidate of the All Progressives Congress (APC) for the 2027 general election.   Ladega described the development as a strong affirmation of the President’s leadership legacy and national impact.   President Tinubu is described as a visionary leader whose administration continues to command respect and inspire confidence across the country, shaping national direction through bold and transformative governance.   In a statement issued by his Chief Press Secretary, Akeem Mustapha, the council boss congratulated President Tinubu on his well-deserved emergence and reaffirmed Ikorodu Local Government’s support and goodwill as he continues the task of national transformation.   He added that ongoing reforms aimed at stabilising the economy, strengthening institutions, and expanding opportunities fo...

Inside The Groundswell Behind Abiodun’s Ogun East Victory

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Chairman, Ikenne Local Government, Hon. Jamiu Asimi; House of Assembly aspirant for Ikenne State Constituency; Asiwaju Seyi Odumuyiwa; Ogun State Governor, Prince Dapo Abiodun; and the Special Adviser to the Governor on Women Affairs, Chief (Mrs.) Ayotunde Lawal, during the presidential primary election to elect President Bola Ahmed Tinubu as the presidential candidate of the All Progressives Congress (APC) at Ward 3, Iperu, Iperu-Remo, Ogun State, on Saturday. By Kayode Akinmade  When the results of the All Progressives Congress (APC) Ogun East Senatorial District primary election were announced on May 18, 2026, the outcome was emphatic and politically instructive. Prince Dapo Abiodun, outgoing Governor of Ogun State, secured 75,550 votes out of 99,503 ballots cast, winning across all nine local government areas of the district. His closest challenger, incumbent Senator Otunba Gbenga Daniel, who withdrew on the eve of the election, polled 398 votes. Beyond the overwhelming margin,...