Tag: Finance
Fidelity Bank Recorded N434bn Gross Earnings in Q1 2026 — Up by 37%
Lagos, Nigeria — May 27, 2026 Fidelity Bank Plc has announced a strong financial performance for the first quarter of 2026, recording gross earnings of N434.95 billion, representing a 37.9 percent increase compared to the N315.42 billion posted during the same period in 2025.The bank disclosed this in a statement released on Tuesday, attributing the…
FG Says Extension of 2025 Budget Implementation Timeline Delayed Quarterly Reports
ABUJA, NIGERIA – MAY 18, 2026 The Federal Government has explained that the delay in publishing quarterly budget implementation reports for 2025 was caused by the extension of the budget implementation timeline to June 2026.Director-General of the Budget Office, Tanimu Yakubu, disclosed this while addressing concerns over the non-release of the reports within the expected…
MREIF: what you need to know about Nigeria’s mortgage refinance initiative
Abuja, Nigeria — May 5, 2026 The Ministry of Finance Incorporated Real Estate Investment Fund (MREIF) is emerging as a key initiative aimed at expanding access to affordable housing finance in Nigeria. The fund, backed by the Federal Ministry of Finance Nigeria, is designed to provide long-term, low-cost funding to mortgage lenders, enabling them to…
Jim Ovia to retire as Zenith Bank founder, group chairman
Lagos, Nigeria — May 4, 2026 Zenith Bank has announced that its founder and Group Chairman, Jim Ovia, will retire following the conclusion of his tenure. The development marks the end of an era for one of Nigeria’s leading financial institutions, with Ovia widely credited for building Zenith Bank into a major player in the…
KNSG refutes N1.8bn mismanagement allegations against former HoS, orders refund to workers
Kano, Nigeria — May 4, 2026 The Kano State Government has dismissed allegations of N1.8 billion mismanagement against the immediate past Head of Service, Abdullahi Musa, describing the claims as misinformation. The Secretary to the State Government (SSG), Umar Farouk Ibrahim, clarified the issue following a directive by Governor Abba Kabir Yusuf to investigate the…