General News
Two Technocrats Join Fidelity Bank’s Board
Fidelity Bank Plc has announced the appointment of Mr. Stanley Lawson and Alhaji Bashari Mohammed Gumel, two experienced technocrats to join its Board as independent directors.
Independent Directors are board members whose appointments are based not necessarily on the volume of their shareholding but on the value that they bring to corporate governance as a result of their deep experience in various fields.
The appointment of the two has already been approved by the Central Bank of Nigeria (CBN), the apex regulatory body of the banking industry.
Mr. Stanley Lawson has had a very brilliant career in banking and the Oil & Gas industries. Until December last year, he was the group executive director, Finance & Accounts and chief finance officer of the Nigerian National Petroleum Corporation (NNPC), a position he held for five years. In that position in NNPC, Lawson was credited with having led a team that, for the first time in the history of the country, raised a total of $6 billion in alternative funding for the oil industry between 2007 and 2009.
Before joining NNPC, Lawson had worked in banking for 17years and had risen to the position of managing director of African Express Bank (Afex Bank) between 2003 and 2004.
Lawson holds a M.Sc. in Petroleum Geology and MBA in Finance from the University of Ibadan. He has attended several management and leadership programmes at some of the world’s most notable institutions including the Programme for Executives of the Carnegie Mellon University, Pittsburgh; the Programme for Executives in Oil & Gas Industry of COX School of Business, Southern Methodist University, Dallas; the Programme for Corporate Leaders of Harvard Business School, Boston, Massachusetts, and the Senior Management Programme of the Wharton School of Management, University of Pennsylvania.
On the other hand, Alhaji Bashari Gumel has had a very brilliant career in public service and corporate leadership. He was educated at Ahmadu Bello University Zaria, South Devon Technical College, Torquay England, Royal Institute of Public Administration, London, among others.
His career in public service started with Kano State where he worked from 1968 – 1980, rising to the peak of the state public service as a Permanent Secretary. He served the nation as a member of the Constituent Assembly in 1988 – 1989. At one time or the other, he has been a member of the Board of SCOA, National Electric Power Authority (NEPA), now Power Holding Company of Nigeria, Jigawa State Rural Electrification, where he served as Chairman. He is also Chairman, Board of Trustees of Kano Foundation, Chairman, Jafa Foam Products Ltd, Chairman Board of Trustees, Gumel Emirate Foundation (1996 – 2000), Chairman of the Lautai Group, as well as Homellux Construction & Equipment Ltd, among others.
With these two new appointments, Fidelity has maintained a tradition of seeking out very seasoned technocrats and administrators to join her board. It is believed that the appointment of Gumel and Lawson will further enhance the leadership which the bank is already reputed for in professionalism and sound corporate governance.
General News
World Bank Blocks Social Media Comments from Nigerians over Loan Backlash

World Bank has restricted comments on its Instagram page after thousands of Nigerians flooded the platform begging them to stop lending money to Nigeria.

The protest erupted after reports that President Bola Ahmed Tinubu is seeking a fresh $1.25 billion dollar loan for approval on June 26.
Some Nigerians asked the World Bank to provide more details about the purpose of the loan and how the funds would be managed.
Others said the country should reduce dependence on foreign loans and focus on improving local revenue.
The federal government has continued to defend its borrowing plans.
Officials say the funds will support economic reforms, development projects and efforts to strengthen the economy.
Nigeria remains one of the major borrowers from the World Bank in Africa, with different administrations securing loans over the years for infrastructure, social programmes and economic support.
General News
Lagos Plans New Cybersecurity Centre

The Lagos State Government plans to establish a Cybersecurity Operations Centre to strengthen protection of government systems, digital services and citizen data amid rising cyber threats linked to the city’s expanding digital economy.

Tunbosun Alake, Lagos commissioner for innovation, science and technology, said the centre would help secure the infrastructure supporting online payments, e-government services, cloud platforms and technology-driven business operations across the state.
According to Alake, the facility will monitor, detect and respond to cyber threats targeting government networks, digital transactions and sensitive public data.
The move comes as Lagos accelerates its smart city agenda through investments in broadband infrastructure, digital identity systems and automated public services.
Alake said Lagos had already deployed 109 Data Protection Officers across Ministries, Departments and Agencies, which he described as the highest number among Nigerian states, to strengthen compliance with data protection regulations.
Alongside the proposed cybersecurity centre, the state also launched the Lagos Campus Network Upgrade project aimed at improving digital infrastructure within the public sector.
The upgrade is expected to improve network performance, automate internal government processes and enhance digital engagement with residents. The cybersecurity initiative follows the release of Lagos State’s cybersecurity guidelines in April.
The framework recommends measures including multi-factor authentication, vulnerability testing, encrypted backups and tighter endpoint security controls.
The guidelines align with Nigeria’s Cybercrime Act 2024, the Nigeria Data Protection Act 2023 and the National Cybersecurity Policy and Strategy 2021.
General News
LG Electronics Strengthens Household Energy Efficiency in Nigeria with Advanced Inverter Refrigerator Solutions

LG Electronics (LG) is reinforcing its commitment to smarter and more energy‑efficient living by spotlighting its range of inverter‑powered refrigerators designed to meet the evolving needs of Nigerian households.

As electricity costs continue to rise and inflationary pressures shape consumer spending, LG’s refrigerator portfolio is positioned as a practical solution that combines dependable performance with responsible energy consumption.
Refrigerators are among the most frequently used appliances in Nigerian homes, operating 24 hours a day and accounting for a significant share of household electricity usage. LG addresses this challenge through its proprietary Inverter Compressor technology, which intelligently adjusts cooling power based on actual usage conditions.
By reducing unnecessary energy draw, the system delivers stable temperature control while helping households lower energy consumption and manage monthly utility costs more effectively.
Beyond energy savings, LG refrigerators are designed to support food security and reduce waste, an increasingly important consideration for families navigating rising food prices. The inverter system enables faster cooling recovery after power interruptions and helps maintain consistent internal temperatures, preserving food freshness for longer periods. With fewer friction points in the compressor design, LG refrigerators also offer enhanced durability and long‑term reliability, minimizing maintenance costs over time.
LG’s energy‑saving refrigerator lineup includes Top Mount, Side‑by‑Side, and Door‑in‑Door models, each tailored to different household sizes, storage needs, and lifestyle preferences. The Top Mount refrigerators offer practical, space‑efficient designs ideal for everyday family use, delivering reliable cooling with optimized energy efficiency.
The LG GN-F452PFAQ model keeps food perfectly fresh with FRESH Converter+ that optimizes temperature as per food items and never runs out of ice with the Auto Ice Maker.
For households that require larger storage capacity and improved organization, Side‑by‑Side models provide generous interior space, improved visibility, and consistent cooling across compartments.
For more design‑conscious consumers, LG’s Door‑in‑Door refrigerators reduce cold air loss by allowing quick access to frequently used items, supporting both energy efficiency and long‑lasting freshness.
At the premium end, LG continues to innovate with advanced models such as the MoodUP™ refrigerator, which combines customizable aesthetics with functional energy‑saving features like the InstaView panel, allowing users to view contents without opening the door and reducing unnecessary cold air loss. This refrigerator comes with a washing machine as a bundle promotion.
According to LG, this range‑based approach reflects a deep understanding of how Nigerian households differ in size, consumption habits, and lifestyle needs.
“Nigerian consumers are becoming more intentional about how they use energy and manage household costs,” said Mr. Oktai Kim, General Manager, Home Appliance Solutions, LG Electronics Nigeria. “By offering a diverse range of inverter‑powered refrigerators, we are giving families the flexibility to choose solutions that suit their homes while delivering long‑term value through energy efficiency and dependable performance.”
Rather than focusing on technology alone, LG’s energy‑saving refrigerator portfolio emphasizes everyday benefits, efficient operation, reliable cooling, and designs that adapt to real living conditions. Available nationwide, LG refrigerators continue to support smarter living and economic resilience, reinforcing the company’s commitment to delivering durable, consumer‑focused home solutions for Nigerian households.
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