Nigeria’s SMEs: Resilient, Essential and in need of the Right Partners
October 5, 2026
By Aderonke Oluwadare Nigeria’s micro, small and medium sized enterprises remain central to the country’s economic growth, employment and household incomes. According to the NBS and SMEDAN MSME 2021 survey, as cited in PwC Nigeria’s MSME Survey 2024, MSMEs account for 96.9 per cent of businesses, 87.9 per cent[Read More…]
The Court of Appeal in Abuja has cleared Fidelity Bank Plc of liability in a fundamental rights case involving Michael Kundera, overturning an earlier judgment of the Federal Capital Territory High Court. A three-member panel led by Justice Adebukola Banjoko delivered the judgment on 14 September 2026, allowing Fidelity[Read More…]
Leading financial institution, Fidelity Bank Plc, has reaffirmed its commitment to supporting the growth and sustainability of Small and Medium-scale Enterprises (SMEs) through the Kano edition of its Quarterly Business Forum, which brought together entrepreneurs, business owners, industry stakeholders and customers to explore practical strategies for business growth[Read More…]
For many Nigerian businesses, the next growth opportunity may be located beyond the country. A fashion entrepreneur may source premium fabrics from Ghana. A pharmaceutical distributor may purchase essential products from Kenya. A manufacturer may pay suppliers across several African markets, while a technology company in Lagos may serve[Read More…]
Leading financial institution, Fidelity Bank Plc, has continued its efforts to address food insecurity and support vulnerable households with the distribution of essential food items to more than 1,000 families in Kogi State through its Fidelity Food Bank Initiative. The outreach programme, held at the Youth Centre in[Read More…]
Chairman of Fidelity Bank Plc, Mrs. Amaka Onwughalu, has been honoured as Woman of the Year at the 5th Edition of the Anambra Man of the Year Awards (AMTY) in recognition of her outstanding contributions to Nigeria’s banking industry, corporate governance, leadership and service to society. The[Read More…]
In a significant demonstration of its commitment to alleviating hunger and supporting vulnerable communities, leading financial institution, Fidelity Bank Plc, has provided food relief to more than 1,000 Internally Displaced Persons (IDPs) in Mangu Local Government Area of Plateau State through its Fidelity Food Bank Initiative. [Read More…]
Leading financial institution, Fidelity Bank Plc, has sponsored the 2026 Young Innovators Camp, a free educational initiative organized by MONAT to equip children with practical Science, Technology, Engineering and Mathematics (STEM) skills needed to grow, thrive and prosper in a rapidly evolving world. The camp, which is scheduled[Read More…]
Leading financial institution, Fidelity Bank Plc, has reaffirmed its commitment to health and social welfare through a comprehensive intervention at Heritage Homes Orphanage in Anthony Village, Lagos. The initiative was executed under the Fidelity Helping Hands Programme (FHHP), Fidelity Bank’s flagship employee-led corporate social responsibility scheme which empowers staff[Read More…]
Fidelity Bank Plc has again reinforced its leadership in small and medium-scale business banking as it emerged the winner of the Development Bank of Nigeria (DBN) Service Ambassadors Award for the Highest Impact on MSMEs Accessing Credit for the First Time. The award recognises the Deposit Money Bank[Read More…]