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Fidelity Bank Deepens Support for Oil, Gas Sector with SNEPCo Contractor Finance Facility

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Photo caption: L – R: Mr. Abolore Solebo, Executive Director, Corporate Bank; Dr. Nneka Onyeali-Ikpe, Managing Director/Chief Executive Officer (both of Fidelity Bank Plc); Mr. Ronald Adams, Managing Director; Mr. Tunde Oduwole, Group Finance Director (both of Shell Nigeria Exploration and Production Company Limited, SNEPCo); at the Memorandum of Understanding signing ceremony between SNEPCo and Nigerian banks for a $3bn contract finance facility aimed at improving access to credit for indigenous oil and gas contractors executing projects for the company in Lagos recently. Fidelity Bank Plc has reinforced its commitment to Nigeria’s oil and gas sector through its participation in the $3 billion Contractor Finance Facility launched by Shell Nigeria Exploration and Production Company Limited, SNEPCo, in partnership with nine leading banks. The facility, unveiled in Lagos, is designed to provide credit support to indigenous oil and gas contractors executing projects for SNEPCo. The financ...
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Ogun Attracts $100 Million Initial Oil Plan Investment As PRESCO Plc Commences Operations

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Ogun State has recorded another significant investment milestone as Presco PLC, one of Nigeria’s foremost integrated oil palm companies, has concluded plans to establish operations in the state with an initial investment of about $100 million, further affirming the confidence of local and international investors in the investment-friendly policies of the Prince Dapo Abiodun administration. The Group Chief Executive Officer of Presco PLC, Mr. Adewale Arikawe, disclosed this after a meeting with Governor Dapo Abiodun at the Governor’s Office, Oke-Mosan, Abeokuta, on Monday. Arikawe said Presco, a fully integrated oil palm company with operations spanning plantation development, processing, refining and the production of finished consumer products, chose Ogun State after a careful assessment of the state’s enabling business environment, strategic location, robust infrastructure and the deliberate policies of the present administration aimed at attracting and sustaining investments. Accord...
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Polaris Bank Empowers 6,200 Journalists Through Annual Media Seminar

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L-R: Rasheed Bolarinwa, Group Head, Brand Management & Corporate Communications, Polaris Bank Limited; Professor Abigail Ogwezzy-Ndisika of Mass Communication Dept, University of Lagos; Olufemi Awoyemi, mni, Chairman, Pros-hare; and Sheriff Adekoya, Lead Strategist, Edgeforth Business Solutions, at the 12th Polaris Bank Annual Media Capacity Seminar in Lagos over the weekend. Polaris Bank Limited has reaffirmed its commitment to advancing ethical journalism and strengthening media professionalism with the successful hosting of the 12th edition of its Annual Media Capacity Seminar, themed “Rebuilding Trust and Reinventing Storytelling in the Age of AI.” The virtual seminar, held via Microsoft Teams, brought together more than 650 journalists, editors, publishers, media executives, and communication professionals from across Nigeria for engaging discussions on the future of journalism in an era increasingly shaped by artificial intelligence. With this year’s edition, Polaris Bank’s A...
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Why Adekanmbi is Best Positioned To Lead Oyo After Makinde ....My View On Oyo 2027

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As the political atmosphere in Oyo State gradually shifts toward the 2027 governorship election, conversations across political circles, professional bodies, community associations and among ordinary citizens are increasingly revolving around one central question: who possesses the experience, competence and character required to sustain the remarkable developmental momentum established under Governor Seyi Makinde? Among the names frequently mentioned, one individual continues to command increasing attention, not merely because of political endorsements, but because of a career built on competence, fiscal discipline and administrative excellence. Honourable Abimbola Adekanmbi has steadily emerged as one of the most formidable personalities in the unfolding race for the Agodi Government House. Unlike conventional politicians whose public appeal is built on rhetoric, Adekanmbi's credentials have been forged in boardrooms, financial institutions, international consulting firms and the...
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From Rhetoric To Responsibility: Time For The Defence Minister To Defend Nigerians

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By Patrick Yakubu  As 2027 approaches, the political reality confronting the Tinubu administration is stark and unforgiving: no amount of campaign messaging, infrastructure projects or policy explanations can outweigh the daily fears of citizens living under the shadow of insecurity. Nigerians are tired of condolences after attacks. They are weary of promises after every massacre and increasingly frustrated by official assurances that fail to translate into safety on the ground. Communities under siege are not asking for more speeches; they are asking for protection. Families mourning loved ones are not interested in rhetoric; they want justice and security. This is why the  Minister of Defence must now move from symbolism to substance. The responsibilities of that office are too sacred and too consequential to be reduced to public relations exercises, courtesy visits and ceremonial engagements. The higher expectations from people  is now eroded and they feel he has only ...
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Nigeria's Security Crisis: Rising Expectations, Growing Questions For Defence Minister, Musa

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By James Ezema When President Bola Ahmed Tinubu appointed General Christopher Gwabin Musa (retd.) as Minister of Defence, many Nigerians received the decision with optimism. Given his distinguished military career, there was broad expectation that his experience would help reinvigorate the fight against terrorism, banditry, kidnapping, and other security threats. Nearly seven months later, however, many citizens are asking difficult questions. The concern is  General Musa’s credentials  which he is expected to bring on board ,Yet despite the high expectations that accompanied his appointment, insecurity remains a major concern in many parts of the country. Insurgent attacks, banditry, and kidnappings continue to affect communities across the nation, deepening public anxiety about the country’s security outlook.  Some people from Kaduna State Christian community said that they are disappointed,  that he is just making noise everywhere and no visible action.  Sinc...
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Bandits Strike In Abuja, Kill Vigilante During Ransom Operation

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Panic gripped residents of Rock Garden City Estate in Jikwoyi, popularly known as Dangbana, in the early hours of Sunday after suspected bandits engaged security operatives in a fierce gun battle, killing a member of the Civilian Joint Task Force (CJTF) and escaping with ransom money allegedly meant to secure the release of a kidnapped victim. The incident, which allegedly occurred between about 11:00 p.m. on Saturday and 3:00 a.m. on Sunday, is the latest in a series of violent attacks linked to growing kidnapping activities across the satellite communities of Jikwoyi, Orozo, Kurudu and Karshi within the Federal Capital Territory (FCT). According to residents, the attackers had earlier abducted two women from Phase 4, Jikwoyi, and reportedly took them toward the rocky terrain near City College, an area locals believe serves as a hideout for criminal gangs operating in the axis. The kidnappers were said to have subsequently contacted the victims' families and demanded a ransom of ₦...
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