Author: Newsjaunts

Tier-one lender Fidelity Bank Plc will host a high-profile panel session titled “Digital Railroads: Powering U.S.–Africa Commerce Through Fintech” at the upcoming Fidelity Nigeria International Trade and Creative Connect (FNITCC) in Atlanta, USA. The session, scheduled for Friday, 19 September 2025, will explore how fintech is reshaping cross-border trade by enabling seamless payments, improving access to finance, and driving financial inclusion across Africa and the diaspora. The panel will bring together some of the brightest minds in digital finance including: Aisha N. Ahmad, CFA, Former Deputy Governor, Central Bank of Nigeria; Seyi Ebenezer, Founder of Payaza Africa, and a seasoned…

Lagos, Nigeria – September 11, 2025 – Interswitch Group, leading African technology company focused on creating solutions that enable individuals and communities prosper, recently hosted a delegation of Executive MBA students from the University of Cambridge Judge Business School (CJBS) at its headquarters in Victoria Island, Lagos. The delegation visited Interswitch as part of its student-led Nigeria Trek, to gain first-hand insights into the technology company’s 23-year journey of driving payment innovation and financial inclusion across Africa. The engagement spotlighted Interswitch’s evolution from a transaction switch to a diversified technology company, its role in building Africa’s digital payments infrastructure, and the…

LAGOS, NIGERIA – Wema Bank PLC (Bloomberg: Wema NL) (“Wema” or “the Bank”) announces completion of N150billion Rights IssuanceBank meets regulatory requirements for Commercial Bank with National AuthorizationN150billion Rights Issuance over-subscribedTotal Qualifying Capital now N214.7billion; above N200bn thresholdBank also concludes additional N50billion special placement. Awaiting regulatory approval Lagos, Nigeria – Wema Bank Plc (“the Bank”) announces the successful completion of its ₦150 billion Rights Issue, which opened on April 14th,2025, and closed on May 21st,2025. The exercise has received formal approval from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission.This Rights Issue was undertaken in response…

As part of its commitment to improving lives and supporting communities, leading financial institution, Fidelity Bank Plc, has distributed food items in Ilaje and Ese-Odo Local Government Areas of Ondo State. Speaking during the donation event which took place at Igbokoda, Headquarters of Ilaje Local Government Area, the Regional Bank Head, Southwest 1, Fidelity Bank Plc, Mr. Folaranmi Jemirin, noted that the Fidelity Food Bank initiative was launched as part of the bank’s commitment to reducing hunger and providing relief for disadvantaged communities across Nigeria. “We are honored to be in Ondo State to continue this impactful initiative, and we…

Lagos, Nigeria: Sterling Financial Holdings Company Plc (“Sterling HoldCo” or “theGroup”) has sustained its growth momentum, projecting gross earnings of N149.27 billion for the fourth quarter ending December 31, 2025. This projection builds onthe Group’s performance in the first half of the year, when profit after tax rose by157 percent, gross earnings climbed 39.7 percent to N212.61 billion, and earningsper share rose to 89 kobo from 56 kobo. Together, these results highlight a strongyear-to-date trajectory, reinforcing profitability and boosting investor confidence in the Group’s long-term outlook. According to the filing on the Nigerian Exchange, Sterling HoldCo expects interestincome of N116.73…

(Lagos, Nigeria) – Mediacraft Associates, a leading communications and public relations agency, has been named ‘Most Outstanding Corporate Reputation Management Firm Nigeria 2025’ by the World Business Outlook Awards. This is in recognition of the agency’s outstanding work in strategic communications and brand storytelling. The grand annual ceremony and presentaton will take place on November 8, 2025 in Pullman Bangkok King Power, Thailand The award celebrates Mediacraft’s ability to deliver measurable impact for its clients through creative campaigns, innovative media strategies, and a deep commitment to shaping meaningful narratives. Commenting on the award, Mediacraft CEO, John Ehiguese said: “This recognition is a testament to the passion, creativity, and…

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has launched the African Trade and Distribution Company (ATDC) to catalyse large scale trade in raw materials, minerals and value-added products from across Africa.  Afreximbank, through the Fund for Export Development in Africa (FEDA), established ATDC in collaboration with Arise Integrated Industrial Platforms (Arise IIP), Equitane DMCC and the African Continental Free Trade Area (AfCFTA) Secretariat. The new entity has already secured a US$1 billion funding pledge from Afreximbank to invest in aggregation of value-added goods, support logistics and distribution networks as well as financing its subsidiaries’ business operations. The President and Chairman of the…

ABEOKUTA — Hon. Emmanuel Olumuyiwa Babayemi (E.O.B.) has extended heartfelt birthday wishes to Rt. Hon. Tunji Samson Egbetokun, former Speaker of the Ogun State House of Assembly and a prominent figure in the state’s political landscape. In a statement released on Wednesday, Babayemi described Egbetokun as “a trailblazer in Ogun State politics,” praising his legacy of public service and democratic leadership. “Your exemplary leadership, courage, and commitment to the progress of our people continue to speak volumes,” Babayemi said. “You have carved a place of honor through service, and your name stands tall among those who have positively shaped our…

Leading financial institution, Fidelity Bank Plc, has extended its flagship Corporate Social Responsibility (CSR) program, the Fidelity Food Bank Initiative, to Anambra State, providing essential food supplies to over 2,000 vulnerable residents in Awka, the state’s capital. The two-day outreach, which held at St. Patrick’s Cathedral, Catholic Diocese, Awka and at Emmaus House, the Anglican Diocese of Awka, saw the distribution of relief materials to the elderly, widows and other vulnerable members of the community. Speaking during the distribution exercise, Dr. Nosa Orumwense, Regional Bank Head -Awka, Fidelity Bank Plc, reaffirmed the bank’s commitment to fighting hunger and improving the…

Members of the 2025 VLBC Christmas Committee have been formally unveiled at the Central Service held at the Victory City, kilometre 12, Ajebo Road Abeokuta on Sunday. Apostle Lawrence Achudume, at a special prayer session, commissioned the team for a Carol Service with a difference. Pastor Professor Eniola Fabusoro, at the special prayer session, asked God to prove Himself in the great task saddled on the committee. Speaking after, the Chairman of the Christmas Carol Committee, Elder Okudero said, according to Psalm 121 “Our help comes from the Lord, the maker of heaven and earth.” Elder Okudero in an interactive…