Yemisi Izuora Zenith Bank Plc, Nigeria’s biggest bank by Tier-1 Capital, has assured shareholders and investors of its readiness to satisfy all relevant conditions to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance by June 30, 2025. The bank also expressed confidence in meeting shareholders’ dividend expectations in the 2025 financial year. The clarification comes on the back of heightened scrutiny of Nigerian banks’ capital health following the new CBN directive that suspends dividend payments and tightens oversight for banks with outstanding forbearance-related loans or breaches of the Single Obligor Limit (SOL). In a statement presented…
Author: Orientalnews Staff
Precious Obogo The Elevation Church commemorated a decade of transformative leadership and kingdom impact with the 10th edition of the Accelerate Conference, held from 4th to 8th June 2025 at the Pistis Conference Centre in Lekki, Lagos, and streamed live to a global audience. This year’s conference, themed “SHINE: Unleash His Glory,” reaffirmed Accelerate’s position as a global catalyst in raising purpose-driven leaders across diverse spheres of influence. Over the course of the four-day event, approximately 5,000 participants gathered physically each day in Lagos, while tens of thousands more joined virtually from across Africa, Europe, and North America. The conference saw…
Roland Iwuchukwu Remita has expressed confidence and commitment to ensure seamless single integration payments. At the 25th edition of Digital PayExpo, Remita further reaffirmed its role as a trusted enabler of Africa’s digital economy, spotlighting its robust payment infrastructure and demonstrating how businesses, fintechs, banks, aggregators, OEMs, and developers can seamlessly tap into a world of opportunity – through a single, intelligent connection. With over 15,000 digital products and services accessible across more than 150 countries, Remita offers one of the continent’s most extensive payment and service ecosystems. Participants at PayExpo will explore how Remita enables organisations to collect…
Francesca Odimgbe The Lagos State Government has called on parents across the state to collaborate with teachers and other key stakeholders to ensure that their children excel not only in core subjects but also in financial literacy. The State Commissioner for Basic and Secondary Education, Hon. Jamiu Tolani Alli-Balogun, made this call while receiving a delegation from leading financial services company, Zedcrest Group, on a courtesy visit to his office. According to him, the state government has been intentional about integrating financial literacy into the curriculum for students in both private and public schools, urging parents to…
Tunde Bakare The Minister of Police Affairs, Senator Ibrahim Gaidam, has pointed out that the Money Laundering and Terrorism Financing section of the Nigeria Police Force (NPF) will greatly complement the NPF’s efforts in fighting insecurity in Nigeria. He stated this during the Training workshop on Money Laundering and Terrorist Financing for Frontline Officers and Prosecutors held at the President Goodluck Ebele Jonathan International Peacekeeping Center, Force Headquarters, Abuja. The Minister, whose speech was read by the Director, Police Services, Ministry of Police Affairs, Mr. Ibrahim Muhammed, stated that the workshop will present a valuable opportunity to enhance their…
Joseph Bakare The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede, on Wednesday, June 18, 2025, reiterated the commitment of the Commission to ensuring that recovered assets are used for the good of every Nigerian. He stated this in Kachia, Southern Kaduna, Kaduna State while on an Inspection Visit to the Federal University of Applied Sciences. The University, taken over from a former private Nok University following a court order for its forfeiture, due to illicit funding, is yielded to the government through the efforts of the EFCC and approved for educational use by…
Tunde Bakare The Third Prosecution Witness, PW3, Umar Babangida in the trial of the former Minister of Power and Steel Development, Olu Agunloye, on Monday, June 16, 2025, told Justice J.O. Onwuegbuzie of the Federal Capital Territory High Court, Apo, Abuja that Agunloye’s successor, Senator Liyel Imoke revealed that the Federal Executive Council meeting of May 21, 2003 did not approve the memo of his predecessor for the award of the Mambila Hydro Power Project to Sunrise Power and Transmission Company Limited. Agunloye is facing prosecution by the Economic and Financial Crimes Commission, EFCC, on a seven-count charge, bordering…
Yemisi Izuora Fidelity Bank Plc, has said that as a responsible financial organization, it is committed to ensuring compliance with regulatory policies and directives, including the Central Bank of Nigeria (CBN) circular on forbearance which is aimed at strengthening capital buffers and enhancing financial prudence within the banking industry. In terms of Capital, the Bank successfully raised ₦273 billion through a recent Public Offer and Rights Issue which were oversubscribed by 237.92 per cent and 137.73 per cent respectively and intends to raise the additional sum of ₦200 billion through a Private Placement in 2025FY, to achieve the new minimum…
Yemisi Izuora The Guild of Corporate Online Publishers (GOCOP) maiden book launch in Abuja on Tuesday attracted top Government officials and business community as well as key institutions across all sectors. The book is titled “Nigeria Media Renaissance: GOCOP Perspectives on Online Publishing.” Minister of Information, Alhaji Mohammed Idris; former minister of information, Alhaji Lai Mohammed; Dr. Ike Neliaku, President of the Nigeria Institute of Public Relations (NIPR) were among the attendees. The book was unveiled as a key highlight of a fundraiser for GOCOP Media Centre, witnessed by an array of distinguished guests. Those who graced the…
Ken Okeke The Managing Director and Chief Executive of the Federal Airports Authority of Nigeria (FAAN), Mrs. Olubunmi Kuku, has called on aviation stakeholders to prioritise investment in project development to enhance bankability and attract investors. Such bankable projects will have the quality of being able to attract investment or financing, especially from banks or other financial institutions and should be seen as a reliable and profitable investment, minimizing the risk for lenders She emphasised the importance of conducting market studies, feasibility assessments, and developing strong business cases to ensure sustainable growth in the sector. Mrs. Kuku made this…