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Abia State, EU, UNICEF , ILO Collaborate To Bolster Social Protection For Vulnerable Families

L-R: Vanessa Phala, Director of the ILO Country Office for Nigeria, Ghana, Liberia, and Sierra Leone and Liaison Office for ECOWAS; Judith Leveillee, Chief of Field Services, UNICEF Nigeria; H.E. Gautier Mignot, the EU Ambassador to Nigeria and ECOWAS; His Excellency, Dr. Alex Chioma Otti, Executive Governor of Abia State; Mrs. Ngozi Blessing Felix, Abia State Honourable Commissioner for Poverty Alleviation and Social Protection; and Mr Kingsley Anosike, Honourable Commissioner for Budget and Planning Abia State, at the launch of the European Union (EU)-funded project, Supporting Sustainable Social Protection Systems in Nigeria (SUSI), by Abia State Government in collaboration with UNICEF, the International Labour Organization (ILO), and other partners in Umuahia.

 

The Government of Abia State has launched the European Union (EU)-funded project, Supporting Sustainable Social Protection Systems in Nigeria (SUSI), in collaboration with UNICEF, the International Labour Organization (ILO), and other partners.
Despite its importance, social protection coverage in Nigeria remains limited. According to the International Labour Organization 2024 World Social Protection report, only 14.8 per cent of Nigerians currently have access to effective social protection.
To close this gap, the project, which is also being implemented in Benue, Oyo, and Sokoto States, is designed to strengthen inclusive, shock-responsive, and sustainable social protection systems.
 It aligns with the Federal Government’s Renewed Hope Agenda and the Eight-Point Agenda, aiming to reduce poverty, protect the most vulnerable, and promote resilient livelihoods.
Speaking at the event, His Excellency Dr. Alex Chioma Otti, Executive Governor of Abia State, reaffirmed the State’s commitment: “I am also glad that the EU, ILO and UNICEF will be partnering with the State Government towards the successful delivery of the SUSI Project. We are encouraged to think of our children and the world we want to bequeath to them. Individually and collectively, we are called to remember that every decision counts, that we do not own anything but are merely custodians who would one day be required to look back, either in regret or fulfilment.”
H.E. Gautier Mignot, the EU Ambassador to Nigeria and ECOWAS, underlined the import of the EU’s support: “Social protection is central to building equitable societies. This partnership demonstrates our continued commitment to improving the lives of Nigerians, particularly in states like Abia, by strengthening systems that can provide support when it is needed most.”
Wafaa Saeed, UNICEF Representative in Nigeria, highlighted the transformative impact of inclusive systems:
“Social protection is not just a safety net, it is a springboard for inclusive development. Through this project, we aim to ensure that every child and family, particularly the most vulnerable, is protected from the shocks that can derail their well-being and opportunities for a better future.”
Vanessa Phala, Director of the ILO Country Office for Nigeria, Ghana, Liberia, and Sierra Leone and Liaison Office for ECOWAS stressed the importance of long-term sustainability: “A well-designed and inclusive social protection system is fundamental to decent work, economic stability, and social cohesion. With this project, we are working together to ensure that social protection becomes a reality for more Nigerians.”
The implementation of the SUSI project will support development of social protection policy, expansion of the social register, capacity building, strengthening the database system and make it interoperable with other related databases, and ensuring that social protection programmes are well budgeted for, at both federal and state levels.
AMCON Transfers 34% Stake In Unity Bank To Providus, Strengthening Merger Deal

The Asset Management Corporation of Nigeria (AMCON) has offloaded 34 per cent of its stake in Unity Bank Plc to Providus Bank.

This has strengthened the business combination deal between Providus and Unity Bank.
The 34 per cent total equity stake in Unity Bank was transacted through a crossed deal on the floor of the Nigerian Exchange Limited (NGX) to the preferred bidder, 24 hours ahead of their Court-Ordered Meeting to approve the scheme of merger.
The transaction was completed involving four billion Unity Bank shares at N1.66 per share, amounting to over N6.5 billion in value.
A total of three deals was carried out on Unity Bank shares on the Exchange on September 25, 2025.
The ongoing business combination arrangement is a milestone for Providus Bank as it puts it in a comfortable position to beat the March 31, 2026, recapitalisation deadline that was placed by the Central Bank of Nigeria.
Providus Bank began operations in June 2017. It is licensed by the Central Bank of Nigeria to provide banking services to individuals and businesses. The bank has a strong IT infrastructure and digital channels which it deploys to provide exceptional service to our customers so they can achieve their objectives.
Providus Bank is an innovative financial institution that provides personal, private, corporate, commercial and digital banking products and solutions.
Its tailored financial services delivery includes: Business Advisory, Portfolio Management, Personalised Relationship Management, Fast-tracked Service delivery and Self-service solutions. Providus Bank competitive advantage in Private, Institutional, Business and Personal Banking is driven by the philosophy to create support and value for Institutions, Agencies, SMEs and HNIs.
Its business development strategy also focuses on developing expertise and collaborating to improve the non-oil (emerging) sector of the Nigerian Economy, which includes but not limited to Agriculture, Mining, Hospitality, E-commerce, and Art & Entertainment.
Providus Bank believes that the New World of Fast, Smart, Personal, and Borderless banking relationship is here. We are therefore inspired by our Future Forward Banking ethos to make life (at work and leisure) more exciting for our partners with the use of cutting-edge technology that delivers best-in-class customer satisfaction.
In less than 10 years, Providus Bank has emerged as one of the fastest growing financial institutions in the country.
Through this merger, Providus aims to transform from a niche player into a national bank, leveraging Unity Bank’s over 211-branch network spread across all 36 states and the FCT.
The move aligns with Providus’ broader strategy to deepen its retail presence and diversify its customer base.
Additionally, Providus Bank would significantly benefit from scale in retail banking as it would expand its footprint from a largely digital operation to a full-fledged national player.
It also brings in a strong SME lending pipeline, especially in agriculture, mining, ecommerce, hospitality, and entertainment sectors, which both banks already support.
Providus plans to integrate its technology stack into Unity Bank’s branch network, enhancing service delivery and cost efficiency.
The bank believes the combined entity will unlock new value across its retail, SME, and digital channels.
At the court order meeting, Unity Bank shareholders will decide whether to approve a cash consideration of N3.18 per share or opt for a share swap under which every 17 Unity Bank shares convert into 18 shares in the enlarged Providus Bank.
If approved, Unity Bank’s assets, liabilities, intellectual property, and ongoing legal matters will be transferred to Providus. Unity Bank will be dissolved, with Providus continuing as the surviving entity.
The meeting is expected to pave the way for regulatory sign-offs from the CBN and the Securities and Exchange Commission (SEC), both of which had already approved the merger in August 2024.
IHS Nigeria And HSES Partner To Promote Environmental Sustainability , Public Health

 


L-R: Senior Vice President and Chief Corporate Services Officer, IHS Nigeria Limited, Dapo Otunla; Chief Executive Officer, IHS Nigeria, Mohammed Darwish; Group Chief Human Resource Officer, IHS Towers, Ayotade Oyinlola; Mandate Secretary, FCT Health Services and Environment Secretariat (HSES), Dr. Adedolapo Fasawe; Permanent Secretary, HSES, Dr. Baba Gana Adams, during the signing of a Memorandum of Understanding (MoU) between IHS Nigeria and HSES to promote clean energy, environmental sustainability, and improved public health in the Federal Capital Territory, held at IHS Nigeria’s corporate office recently.

 

IHS Nigeria, part of the IHS Holding Limited (NYSE: IHS) (“IHS Towers”) group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has announced a strategic collaboration with the Health Services and Environment Secretariat (HSES) of the Federal Capital Territory (FCT), Abuja to promote clean energy use and improve environmental health standards in the Federal Capital Territory.

The partnership was formalized through the signing of a collaboration agreement on Thursday, September 25th at the IHS Nigeria head office in Lagos, marking a significant step in advancing joint efforts towards environmental sustainability, climate action, and improved public health across the FCT.

This collaboration underscores the shared commitment of both organizations to address pressing environmental challenges, promote cleaner and more sustainable energy alternatives, and reduce carbon emissions in the country.

The partnership also aligns with Nigeria’s Nationally Determined Contributions (NDCs) in tackling climate change and fostering a healthier, more sustainable environment for citizens.

Under the terms of the agreement, IHS Nigeria will work closely with HSES to implement community-based projects that promote the use of cleaner energy sources, reduce reliance on fossil fuels, and support initiatives designed to improve environmental health standards in the FCT.

Commenting on the collaboration, Mohamad Darwish, CEO, IHS Nigeria, said:
“Climate and environmental responsibility are central to our sustainability agenda. With over 16,000 sites nationwide, we are fully aware of our responsibility to reduce carbon emissions and advance clean energy solutions. Our investments in solar and hybrid power solutions, totaling over $750 million in the past decade, reflect our commitment. Partnering with HSES enables us to expand this impact by supporting healthier communities and contributing meaningfully to Nigeria’s energy transition and environmental goals.”

Speaking on behalf of HSES, Dr. Dolapo Fasawe, Mandate Secretary of Health Services and Environment Secretariat, said:
“There is no health without a clean environment. This partnership with IHS Nigeria is a demonstration of how the public and private sectors can come together to drive sustainability and safeguard the well-being of our people. Through this collaboration, we aim to showcase practical solutions that reduce carbon footprints, promote the adoption of clean cooking and energy alternatives, and inspire other states across the country to follow suit. The FCT is proud to lead by example in this regard.”

This landmark agreement not only reinforces IHS Nigeria’s dedication to sustainability, one of its core values but also strengthens the FCT’s efforts to advance climate resilience, environmental protection, and public health.

IHS Nigeria Releases 2023,2024 Impact Assessments, Renews Commitment To Sustainable Development

By Winifred Bosa

IHS Nigeria, part of the IHS Holding Limited (NYSE: IHS) (“IHS Towers”) group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has  published its 2023 and 2024 Impact Report.

The report highlights IHS Nigeria’s continued commitment to helping foster a more sustainable and prosperous future for Nigeria, and covers sustainability and community impact activities from January 1, 2023, to December 31, 2024.
During this period, IHS Nigeria continued to contribute towards the United Nation’s Sustainable Development Goals and execute IHS Towers’ four-pillar sustainability strategy – focusing on ethics and governance, environment and climate change, education and economic growth, and our people and communities, which IHS Nigeria seeks to align with the Renewed Hope Agenda of the Nigerian Government.
Report Highlights
Details of the activity published in this report under IHS Towers’ four sustainability pillars include:
Education and economic growth
Supported the construction and operation of the Ilorin Innovation Hub, expected to be the largest innovation centre in Nigeria, and other hubs in Ogbomosho (Oyo) and Alimosho (Lagos)
Partnered with the Ministry of Communication and Digital Economy on the 3 Million Technical Talent (3MTT) initiative to help train more than 100,000 Nigerians in digital skills
Welcomed 10 Nigerian educators to the 12-month Limitless Global Educator Program, in partnership with the Limitless Space Institute, and helped facilitate a visit to the NASA Space Center
Partnered with UNICEF Nigeria to support 956 schools across the country with school connectivity; 421 of which were successfully connected to the internet, enabling them to access the Nigerian Learning Passport under the UNICEF GenU initiative
Environment and climate change
Planted and nurtured 4,000 trees across the country
Installed 144 solar streetlights in communities across eight states, benefiting approximately 23,990 residents by helping improve security
Fitted 6,747 tower sites with hybrid power solutions to reduce dependency on diesel
Supported over 700 students with climate and eco-friendly education tools
Our People and Communities
Constructed nine medical oxygen plants in Bauchi, Ogun, Cross River, Kano, Yobe, Oyo, Kaduna, Ebonyi, and Rivers states to help strengthen lifesaving oxygen supply in hospitals, benefiting up to approximately 90,000 patients so far, according to UNICEF estimates
Constructed four solar powered boreholes in Borno State to provide clean water to over 20,000 beneficiaries
Supported 201 hydrocele surgeries and helped deliver treatment for neglected tropical diseases to over 1,000,000 people in partnership with the END Fund
Partnered with the Nigeria Solidarity Support Fund in Cross River State to vaccinate over 10,000 children
Ethics and governance
IHS Nigeria continues to align with the guidelines of ISO 26000 on social responsibility
Upskilled 238 suppliers and members of the IHS Procurement and Supply Chain team on sustainable supply chain management
Supported 11 research publications through the Telecommunications and Technology Sustainability Working Group
Awarded six start-ups with seed grants through the Sustainable Solution Africa Program
Mohamad Darwish, CEO, IHS Nigeria, commented, “As a business, our focus is not only on providing the connectivity that powers this economy, but also on making a lasting impact in the communities we serve. From a mother who is supported through childbirth with medical oxygen, to a child who writes his first line of code through our digital literacy initiatives, to a father who now worries less about health expenses, to educators who benefit from an unique opportunity to visit the NASA Space Center, these transformational stories provide us with fulfilment as a business and present a picture of progress. There is no better purpose than improving the wellbeing of our fellow citizens and helping encourage hope in the prospects of our country.”
Dapo Otunla, Chief Corporate Services Officer, IHS Nigeria, commented, “We believe in the power of the community and in empowering our people to help them unlock their full potential. Our interventions cut across the six geopolitical regions in Nigeria, as we seek to help pave the way for socioeconomic development and ensure that all Nigerians, regardless of their location, benefit from a better quality of life.”

E1 Lagos GP Announces Sponsorship Lineup , With First Bank Of Nigeria At The Helm

 

From L-R: Mr. Jubril A. Gawat (Senior Special Assistant to the Governor of Lagos on New Media), Olayinka Ijabiyi – Group Head, Marketing and Corporate Communications First Bank, Mr Gbenga Omotosho – Commissioner of Information and Strategy, Lagos State, Mr Samuel Egube – Deputy Chief of Staff/E1 Lagos GP LOC Chairman during a stakeholder Immersion Session at LASWA Yard, Falomo Jetty, Falomo Ikoyi-Obalende, Ikoyi, Lagos recently.

 

The Local Organising Committee of the E1 Lagos GP is proud to announce its sponsorship lineup for Africa’s first all-electric powerboat race, taking place from October 2–5, 2025, on the Lagos Lagoon.

The announcement was made at the Stakeholder Immersion Session, convened to ensure that every stakeholder – from sponsors and the media to creators and influencers – carries a unified understanding of the E1 Lagos GP’s identity, communication standards, and positioning. It was a unique platform to deepen stakeholder awareness of what the E1 Series represents globally and how Lagos is preparing to host its maiden edition on African waters. The session also featured opening remarks by Mr. Gbenga Omotosho, Honourable Commissioner for Information and Strategy in Lagos State, a presentation from the Lagos State Waterways Authority on established safety protocols, and guidance from the Teksight Edge team on proper brand use and communications guidelines.

Speaking at the session, Mr. Samuel Egube, Deputy Chief of Staff to the Governor of Lagos State and Chairman of the E1 Lagos GP LOC, said: “Today marks not only an affirmation of our sponsors’ commitment, but a promise that we will uphold clarity, professionalism, and integrity in how Lagos tells its story on the global stage. We are proud to stand with First Bank as our Presenting Partner, and with all our partners who share in our vision for sport, innovation, and legacy.”

In his remarks, Honourable Commissioner for Information and Strategy, Mr. Gbenga Omotosho, noted: “The E1 Lagos GP is more than a sporting event; it is a statement of Lagos’ readiness to lead Africa into a sustainable future, where innovation and culture meet global standards. Our responsibility is to ensure that the people, the media, and all partners tell this story with one voice.”

Mr. Olayinka Ijabiyi, Group Head, Marketing and Corporate Communications, First Bank of Nigeria, added: “First Bank is honoured to take its place as the Presenting Partner of the E1 Lagos GP. Our heritage of over 130 years in supporting innovation and development in Nigeria aligns perfectly with this groundbreaking event. We are delighted to support a project that not only showcases sport at its finest but also emphasizes sustainability and youth engagement.”

The sponsors of the E1 Lagos GP are: First Bank of Nigeria (Presenting Partner), Oando, Spiro, Sunbeth, and Tolaram Group (with Guinness Stout, Johnnie Walker, and The Singleton). These partnerships demonstrate the commitment of leading brands to Lagos’ vision of hosting world-class events that inspire pride and create lasting impact.

With these partnerships and the alignment achieved during the immersion session, the E1 Lagos GP is positioned to set a new benchmark for sports, innovation, and sustainability in Africa, while projecting Lagos as a hub of culture, commerce, and global excellence.

Nestlé Nigeria Collaborates With Govt To Drive Nationwide Water Quality Campaign

By Winifred Bosa

L-R: Toju Egbebi, Corporate Affairs Manager, Nestle Nigeria, Victoria Uwadoka, Corporate Communications, Public Affairs and Sustainability Lead, Nestle Nigeria, Honourable Engr. Prof. Joseph Terlumun Utsev, Minister of Water Resources and Sanitation in Nigeria, Dr. Nicholas Igwe, Global Head & Nigeria National Coordinator, Organized Private Sector in Water, Sanitation & Hygiene and Engr. Nnenna Igwegbe, APWEN National Vice President and OPS-WASH Head of Zonal Coordinator during a visit to the Minister to discuss partnership on a National Water Quality Advocacy campaign in Abuja recently.

As part of ongoing efforts to ensure safer water for all Nigerians, Nestlé Nigeria is partnering with the Federal Ministry of Water Resources and Sanitation to launch a National Water Quality Advocacy Campaign aimed at raising awareness, educating communities, and mobilizing multi-stakeholder action around water safety and sustainable water practices.

 

The collaboration, announced in Abuja during a courtesy visit by Nestlé and members of the Organized Private Sector in Water, Sanitation, and Hygiene (OPS-WASH), reinforces the government’s commitment to advancing President Bola Ahmed Tinubu’s Renewed Hope Agenda through improved access to clean water and sanitation.

 

At the meeting, the Honourable Minister of Water Resources and Sanitation, Engr. Prof. Joseph Terlumun Utsev, welcomed the partnership, noting its importance in tackling persistent public health threats such as cholera and diarrhea while also addressing challenges related to flooding and climate resilience.

 

He assured the Ministry’s full support for Nestlé’s campaign and pledged timely collaboration to deliver impactful results. “The Ministry is committed to working with Nestlé Nigeria to improve water quality across the country. This partnership is in line with our mission to ensure safe water access and support the health and wellbeing of all Nigerians.”

 

 

Speaking on the company’s role, Victoria Uwadoka, Corporate Communications, Public Affairs, and Sustainability Lead at Nestlé Nigeria, said:

 

“Water is essential to life, yet millions of Nigerians remain at risk due to unsafe water sources. Our campaign is not just about raising awareness, it’s about shifting behaviors and building partnerships that deliver lasting impact. We’re working across communities, industries, and institutions to help close the knowledge gap, improve water safety, and support national health outcomes.”

 

She emphasized that the campaign rests on three pillars: building awareness and knowledge, engaging stakeholders at all levels, and driving long-term, sustainable action.

 

Providing additional perspective, Dr. Nicholas Igwe, National Coordinator of OPS-WASH, shared details of the initiative’s community reach:

 

“We are taking a long-term, impact-led approach. In Abaji Area Council of the Federal Capital Territory, 16 communities will benefit from water quality interventions, while 8 communities in Agbara, Ogun State, are also included. In addition, two agricultural communities will receive water harvesting systems to support irrigation and food production.”

 

The meeting was attended by senior officials from the Ministry and OPS-WASH, reaffirming cross-sector commitment to accelerating access to clean, safe water for all Nigerians.

Nestlé , Ministry Of Livestock Development Collaborate To Launch Dairy Technical Skills Development Program  

L-R: Victoria Uwadoka, Corporate Communications, Public Affairs and Sustainability Lead, Nestlé Nigeria, Wassim Elhusseini MD/CEO, Nestlé Nigeria, Idi Mukhtar Maiha, Honourable Minister, Federal Ministry of Livestock Development and Victor Egbon, Director, Ruminants and Monogastric Development, Federal Ministry of Livestock Development at the signing ceremony of the Letter of Intent between both organization’s to establish the Nestlé Dairy Training Center, in Abuja.

Nestlé is pleased to announce an ongoing collaboration with the Federal Ministry of Livestock Development to launch a Dairy Technical Skills Development Program. This initiative, formalized through a Letter of Intent (LOI) signed today in commemoration of World Milk Day 2025, aims to enhance the quality and volume of milk production in Nigeria, addressing critical needs within the dairy sector.

The LOI reflects a shared commitment to develop mid-level technical and vocational skills essential for strengthening Nigeria’s dairy value chain, ensuring food security, improving nutrition, and fostering sustainable livelihoods. The partnership will focus on:

Establishing capacity-building programs centered on milk production, processing, hygiene, and management.

Promoting industry-relevant skills through training modules developed in collaboration with stakeholders.

Enhancing milk quality and productivity across local dairy clusters through knowledge sharing and technical support.

Speaking during the signing ceremony, Wassim Elhusseini, Managing Director and CEO of Nestlé Nigeria PLC said, “In addition to our global dairy experience, Nestlé has built capacity to provide targeted training programs on best practices in dairy farming adapted to the Nigerian context. This is why the Letter of Intent signifies more than a formal agreement; it reflects our mutual dedication to bridge the gap in mid-level technical skills within the dairy sector to meet the growing demands of the market. We are confident that this will have a positive impact on our communities by creating more jobs, improving livelihoods, and supporting a stronger economy.”

The Honorable Minister of Livestock Development, Alhaji Idi Mukhtar Maiha, remarked, “Since the establishment of the Federal Ministry of Livestock Development, we have taken significant steps to address the challenges facing the dairy value chain. Under the National Livestock Growth Acceleration Strategy, we are focusing on key pillars, including livestock value chain development and feed and fodder improvement. Our collaboration with Nestlé Nigeria will lead to the commissioning of a Dairy Training Centre in Paikon Kore, Gwagwalada, aimed at building mid-level manpower and training farmers to enhance productivity through modern practices.”

From the launch of its Dairy Development Project (NLDP) in 2019, Nestlé Nigeria has been actively contributing to the enhancement of the dairy sector. The NLDP has established 83 dairy cooperatives, benefiting over 3,000 milk producers and has aggregated more than 1 million liters of raw milk. Nestlé has also trained over 2,000 milk producers in best practices, vaccinated over 36,744 cattle, and facilitated water access through the construction of 19 boreholes and 28 water troughs.

These efforts have led to significant improvements in milk quality, reducing rejection rates from 12% in 2021 to as low as 5% in 2024, while monthly revenue for milk producers has increased from ₦70,000 in 2019 to ₦250,000 in 2024.

The launch of the Nestlé Dairy Demonstration Farm provides a practical model to illustrate how best practices can safely increase milk production of local breeds from an average of 1 liter per cow per day to over 10 liters. Following the launch, the Honorable Minister invited Nestlé Nigeria to convert the farm into a training institute, an opportunity that Nestlé eagerly accepted leading to the signing of the LOI today.

By investing in the future of Nigeria’s dairy sector, Nestlé is dedicated to building capacity and capability for a sustainable and prosperous industry that supports the nation’s development.

 

Fidelity Bank CEO’s Share Acquisition Signals Strong Confidence In Tier-One Lender

In a decisive move underscoring unwavering confidence in Fidelity Bank Plc’s resilience, Managing Director and CEO, Dr. Nneka Onyeali-Ikpe has acquired an additional 18 million shares of the bank, valued at approximately ₦366 million.

 

According to a regulatory filing posted on the Nigerian Exchange Group (NGX) Disclosures portal, this strategic investment was executed at ₦20.35 per share on May 19, 2025, the same day an online platform published an unsubstantiated report on a Supreme Court ruling in a decades-long case that the bank inherited from the defunct FSB International Bank that it absorbed in 2005.

 

Dr. Onyeali-Ikpe’s latest acquisition is not an isolated gesture. Between November 21 and 22, 2024, she purchased 15 million shares worth ₦239.4 million, and subsequently added another 10 million shares valued at ₦157.9 million on November 26 and 27, 2024. These cumulative investments reflect a consistent pattern of personal commitment to the bank’s long-term success.

 

Demonstrating Leadership Through Personal Investment

 

The CEO’s substantial personal investments serve as a powerful testament to her confidence in Fidelity Bank’s strategic direction and financial health. By increasing her stake during a period of legal scrutiny, Dr. Onyeali-Ikpe sends a clear message of stability and trust in the institution’s governance and operational integrity.

 

Robust Financial Performance Reinforces Investor Confidence

 

Fidelity Bank’s financial results further validate this confidence. In the first quarter of 2025, the bank reported a Profit Before Tax of ₦105.8 billion, marking a 167.8% increase compared to the same period in 2024. Gross earnings rose by 64.2% year-on-year to ₦315.4 billion, driven by significant growth in interest income and non-interest revenue.

 

The bank’s balance sheet remains solid, with total deposits increasing by 11.1% year-to-date to ₦6.6 trillion, and net loans and advances growing by 5.0% to ₦4.6 trillion. These figures highlight Fidelity Bank’s strong liquidity position and its capacity to support large-scale projects and absorb financial shocks.

 

Despite the rash of malicious publications on the bank that has been debunked by the Central Bank of Nigeria (CBN), Fidelity Bank’s share price has demonstrated resilience. After reaching ₦21.00 on May 13, 2025, the stock experienced a modest decline, closing at ₦20.00, a 3.8% decrease. This stability suggests that investors remain confident in the bank’s fundamentals and leadership.

 

Dr. Nneka Onyeali-Ikpe’s continued investment in Fidelity Bank during a period of legal scrutiny exemplifies strategic leadership and personal commitment. Her actions not only reinforce investor confidence but also underscore the bank’s robust financial standing and resilience. As the institution looks to closing out the legal process as mandated by the court, stakeholders can take solace in the demonstrated strength and stability at the helm of Fidelity Bank.

Marketing Analytics Africa Poised To Transform Future Of Marketing Across The Continent

Marketing Analytics Africa (MAA) is proud to announce the return of its annual marketing conference scheduled to take place on Saturday, May 24th, 2025, at the Landmark Events & Conference Centre, Victoria Island, Lagos. This year’s conference, themed “Marketing in the New Economy: Data-Driven Success in Challenging Times”, reflects the urgent need for African marketers, businesses, and policy leaders to evolve with the digital era and economy and reshape Africa’s marketing future.

According to Victor Ojeakhena, the Co-Founder/CEO of Marketing Analytics Africa, the Africa Marketing Technology and E-commerce Conference (AMTEC) is an annual marketing event that brings together thought leaders, executives, marketing innovators, and data strategists from across Africa to explore the latest trends, tools and tactics in martech, e-commerce, data intelligence, and customer experience optimisation, all essential for thriving in today’s economic landscape.

Victor also hinted that this year’s AMTEC event will feature a top line up marketing professionals like Feyi Olubodun, Managing Partner at Open Squares Africa; Maurice Igugu, the Chief Marketing Officer at Sterling Bank Plc; Tomisin Adetola, Colgate’s Head of Marketing; Chinwe Bode-Akinwande (CBA), Head of Sponsorship and Events at First Bank, among others.

In a show of strong industry collaboration, brands like Colgate, Nutrify, Addmie, Indomie, Ladycare, DStv Nigeria, Dochase, Legit.ng, Cybertron, Accret Experience, among others, have joined MAA as official partners for #AMTEC2025. These partnerships further cement the event’s credibility and impact as Africa’s leading martech and e-commerce knowledge hub.

While disclosing why AMTEC 2025 matters, Victor Ojeakhena hinted that the event has a focus on transformation, insights, and inclusion, thereby aiming to: empower brands and marketers with cutting-edge digital marketing strategies, showcase the role of data and emerging technologies in achieving scalable growth, provide a networking platform for professionals, entrepreneurs, and investors, and drive partnerships and collaborations for sustainable innovation across Africa.

AMTEC 2025 is scheduled to take place on the 24th day of May, 2025, at Landmark Events & Conference Centre, Victoria Island, Lagos, by 9:00 AM prompt.

Marketing Analytics Africa is calling on all marketing leaders, top executives and professionals, as well as small and medium-sized enterprises who are in search of fresh marketing ideas and innovations, to be part of AMTEC 2025.

Gen Christopher Musa — A Beacon of Renewed Hope in Nigeria’s Defence

In President Bola Ahmed Tinubu’s “Renewed Hope” agenda lies a national call to action — to restore trust in public institutions, secure the country’s territorial integrity, and realign Nigeria’s governance with the expectations of a forward-looking people.

While this vision spans multiple sectors, from economic revitalization to social inclusion, none is more urgent or foundational than national security.

In this regard, the leadership of General Christopher Gwabin Musa, Nigeria’s 18th Chief of Defence Staff, offers a clear and compelling demonstration of how competent, visionary leadership can transform not only institutions but public confidence itself.

Born on December 25, 1967, in Sokoto, General Musa’s military journey spans over three decades of distinguished service.

 

A product of the Nigerian Defence Academy, he has augmented his professional training with a Bachelor of Science degree, an Advanced Diploma in Security Management from the University of Lagos, and a Master’s in Military Science from the International College of Defence Studies in China.

 

This blend of local grounding and international exposure reflects the intellectual preparedness that today’s military leadership demands.

General Musa’s career, defined by key command postings across conflict zones, is not just a chronicle of personal accomplishment—it is a mirror of Nigeria’s broader fight for stability, unity, and peace. From his leadership roles in Operation Lafiya Dole to his command of the Nigerian Army Infantry Corps, his operational legacy is one of courage under pressure and a rare ability to balance tactical decision-making with strategic foresight.

Under his stewardship, Nigeria’s military has seen a decisive shift in posture. General Musa has championed a transition from reactive defence mechanisms to proactive and offensive strategic doctrines. Operations have become more intelligence-driven, more technologically enabled, and more people-focused. One example stands tall in national memory: the successful rescue of 330 Chibok schoolgirls from the clutches of Boko Haram insurgents in the dense terrain of Sambisa Forest.

 

This operation — meticulously planned and effectively executed — did more than return daughters to their families; it restored belief in the Nigerian military’s capacity to deliver on its mandate.

This renewed efficiency has not come by chance. General Musa has prioritized the modernization of military hardware and the integration of new technologies, including drone surveillance, cyber defence capabilities, and encrypted communications.

 

These upgrades, while often discussed in policy circles, have been implemented under his watch with speed and precision. The result is a military better equipped to confront asymmetric threats, whether from insurgents, bandits, or cyber terrorists.

Yet, perhaps one of the most commendable aspects of General Musa’s leadership is his commitment to ethical warfare and human rights. He has consistently advocated for adherence to international humanitarian laws, and under his watch, the Armed Forces have adopted codes of conduct that emphasize the protection of civilians, accountability in combat operations, and zero tolerance for abuse. In a region where accusations of military excesses have often marred counter-insurgency efforts, this emphasis on professionalism has helped rebuild the credibility of Nigeria’s Armed Forces both at home and abroad.

Crucially, he has also invested in military-civilian relations. Recognizing that local intelligence is the lifeblood of successful operations, General Musa has fostered partnerships with community leaders, civil society organizations, and traditional institutions. These engagements have not only improved information flow but have also cultivated a spirit of mutual trust between the Armed Forces and the citizens they protect — an often-overlooked but essential component of sustainable peace.

On the structural front, General Musa has introduced and expanded the concept of “Super Camps” — fortified military hubs strategically located to ensure rapid response and sustained pressure on insurgent groups. These camps have proven effective in launching agile operations, disrupting terrorist enclaves, and reclaiming lost territories. Complementing these efforts is a renewed focus on troop welfare: improved barracks conditions, timely payment of allowances, enhanced healthcare access, and mental health support systems have all contributed to higher morale and better performance in the field.

Moreover, General Musa has been instrumental in deepening Nigeria’s defence diplomacy. Through military exchanges, joint training programs, and intelligence-sharing partnerships with allied nations, Nigeria’s Armed Forces are now benefiting from global best practices. His approach reflects a clear understanding that security in the 21st century is a collaborative endeavor that transcends borders.

His leadership of “Operation Hadin Kai,” in particular, exemplifies this shift in mindset. Moving beyond containment, the operation now targets the roots of insurgency through psychological operations, rehabilitation of defectors, and reintegration programs — all strategies that speak to a broader and more humane understanding of security as both physical and psychological.

As Nigeria confronts its many security challenges — from terrorism in the northeast to separatist agitations and transnational crime — General Musa’s leadership has brought a sense of stability and strategic continuity to a volatile landscape. He has not only fought battles on the field but also restored the internal architecture of military command with discipline, foresight, and integrity.

In the context of President Tinubu’s “Renewed Hope” vision, General Christopher Musa is a crucial asset. His leadership represents the fusion of strength and strategy, of force and foresight. As the country looks to rebuild trust in its institutions and strengthen the social contract between the state and its people, the military — under Musa’s guidance — is emerging not just as a fighting force, but as a unifying institution capable of upholding the values of democracy, rule of law, and national pride.

In a time of great uncertainty, Nigeria must hold on to its exemplars. General Musa is one such figure — steady, focused, and aligned with the ideals of national rebirth. His story is not just that of a soldier. It is the story of Nigeria’s capacity to evolve, defend itself with dignity, and lead with purpose.

Kennedy Elaigwu Awodi writes from.North Carolina (USA)