Category archives for: Business

Relief As Fidelity Bank Donates Food Park To 1,500 Individuals In Rivers State Community

LAGOS JUNE 7TH (NEWSRANGERS)-In a strong demonstration of its commitment to community development and poverty alleviation, leading financial institution, Fidelity Bank Plc has donated food packs to over 1,500 individuals in Ihie Town, Etche Local Government Area of Rivers State, through its Food Bank initiative. Speaking at the donation event, the Regional Bank Head, Rivers/Bayelsa […]

Fitch Upgrades Fidelity Bank’s National Rating To ‘A+(nga)’, Affirms Long-Term IDR At ‘B’

LAGOS JUNE 4TH (NEWSRANGERS)-Global credit rating agency, Fitch Ratings, has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and upgraded its National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’. The upgrade, announced on May 29, 2025, reflects the bank’s strengthened capital buffers and improved profitability, signaling continued positive momentum in its performance. According […]

CONMMEP To Partner NCJTFLCA In Combating Corruption In Nigeria Maritime Industry

LAGOS JUNE 2ND (NEWSRANGERS)-Congress of Nigerian Maritime Media Practitioners (CONMMEP) has promised to  partner National Compliance Joint Taskforce of Licensed Clearing Agents- NCJTFLCA in combating corruption in Nigeria maritime industry. The Group made the vow during its  Round Table meeting  with  President of NCJTFLCA, High Chief (Dr. )Basil Chudi Nwolisa in Lagos. Nwolisa, in his […]

Abroad Returnee Raises Alarm Over Missing ₦150m From UBA Account, Bank Responds

LAGOS MAY 26TH (NEWSRANGERS)-Popular Nigerian activist Harrison Gwamnishu has given an update on the widely discussed case of a Nigerian returnee who lost ₦150 million from his United Bank for Africa (UBA) account under suspicious circumstances. The case gained public attention after a video emerged of the victim, who remains unnamed, explaining how ₦150 million […]

Purchase Of 18m Units Shares  By Fidelity Bank  MD Conducted In Full Compliance- NGX

LAGOS MAY 26TH (NEWSRANGERS)-The Nigerian Exchange Group (NGX) has affirmed that the recent purchase of 18 million units of Fidelity Bank shares by its Managing Director/Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, was conducted in full compliance with applicable regulations.   In a letter dated May 22, 2025, the regulator dismissed allegations of insider trading and the […]

Staff Welfare Is A Priority-NIMASA DG

LAGOS MAY 24TH (NEWSRNAGERS)-The Director-General of the Nigerian Maritime Administration and Safety Agency, Dr Dayo Mobereola, reckons that staff welfare and continuous capacity development are central to achieving operational excellence at the Agency. According to a statement on Sunday by the Head of Public Relations at NIMASA, Osagie Edward, NIMASA DG, made this known at […]

Fidelity Bank Announces Staff Salary Increment Following 2024 Financial Performance

LAGOS MAY 23RD (NEWSRANGERS)-Tier-one lender, Fidelity Bank Plc, has recently announced salary increments for its staff following a remarkable full year 2024 financial performance. The salary increase announced in May follows a prior increment from November 2024 and aims to recognize staff contributions in customer service and achieving corporate goals. It will be recalled that […]

Shell Nigeria Gas Engages Stakeholders On Deepening Gas Distribution

 LAGOS MAY 23RD (NEWSRANGERS)-Nigeria’s premier gas distribution company, Shell Nigeria Gas (SNG) last week engaged more than 100 gas off takers in the Agbara Ota industrial zone in Ogun State on ways of consolidating the gains from the supply of gas to the businesses. Set up in 1998 as a fully Shell-owned company, SNG currently […]

Nigeria Govt Makes 52k From Every N1 Generated From Sale Of My Cement-Dangote

LAGOS MAY 23RD (NEWSRNAGERS)-The chairman of Dangote Group, Aliko Dangote, has revealed that the federal government makes 52 kobo from every N1 generated from the production and sale of Dangote Cement. Dangote disclosed this on Wednesday at the 2025 Taraba International Investment Summit, with the theme: ‘Unlocking Taraba’s Investment Potentials, Advancing Agriculture, Energy, Mining, and […]

Shell Sees Bright Future For Nigerian Companies In Offshore Developments

LAGOS MAY 22ND (NEWSRANGERS)-Shell Nigeria Exploration and Production Company Ltd (SNEPCo) says Nigerian companies have a lot to benefit if they are prepared to take advantage of more opportunities in its offshore and shallow water oil and gas projects. Speaking at the 5th Nigerian Oil and Gas Opportunity Fair (NOGOF) in Yenagoa, Bayelsa State, today, […]

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