Fidelity Bank records largest single-day turnover volume of over 600 million shares Fidelity Bank was by far the most traded stock in the NGX on Monday, 10 June 2024, with a turnover volume of about 605.257 million shares, even as the stock gained 6.52% to close at N9.80.[Read More…]
FG declares Wednesday public holiday to mark Democracy Day The federal government has declared Wednesday, June 12, as a public holiday in commemoration of Democracy Day. Permanent secretary in the ministry of interior, Aishetu Ndayako, made the announcement in a statement on Tuesday. Olubunmi Tunji-Ojo, minister of interior,[Read More…]
Reps seek six-year tenure for president, rotation among zones A group of lawmakers in the House of Representatives are seeking alterations to the 1999 Constitution to pave the way for the rotation of the Presidency among the six geo-political zones of the country, Punch reports. [Read More…]
Afreximbank supports Fidelity Bank’s acquisition of Union Bank UK with $40m Afreximbank said it has disbursed 40 million dollars Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalisation of Union Bank United Kingdom. A statement issued by Mr Vincent Musumba, Manager, Communications and[Read More…]
FirstBank wins 2024 Best SME Bank in Nigeria, Africa by ASIAN banker awards Nigeria’s premier financial institution and financial inclusion services provider has bagged two awards: Best SME Bank in Africa and Best SME Bank in Nigeria at the highly converted Asian Banker Global Excellence Retail Awards 2024. The Excellence[Read More…]
New Minimum Wage: Labour rejects FG’s offer, fresh strike looms amidst competing proposals The organised Labour may resume their suspended nationwide strike action, firmly rejecting the proposed ₦62,000 and ₦100,000 minimum wage proposed by experts describing both as “starvation wages” for Nigerian workers. Labour had insisted on its demand[Read More…]
Fitch Upgrades Fidelity Bank’s Rating to ‘Positive’ Fitch Ratings has revised the outlook on Fidelity Bank PLC’s LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at ‘B-‘. The credit rating agency has also affirmed Fidelity Bank’s National Long-Term Rating at ‘A(nga)’ with a[Read More…]
FG increases minimum wage to N62,000 against N250,000 demanded by Labour The Federal Government and the organised private sector have increased their offer for the new minimum wage to N62,000 from the earlier N60,000. However, the organised labour is proposing N250,000 which is a shift from its earlier[Read More…]
Wale Edun submits N105,000 as new minimum wage to Tinubu Minister of Finance and Coordinating Minister for the Economy, Mr Wale Edun, has submitted a proposal of N105,000 as the new minimum wage to President Bola Ahmed Tinubu. Tinubu had asked Edun to submit the projected cost implications of[Read More…]
Court orders interim forfeiture of 3 posh Abuja properties valued at N11.14bn link to Emefiele Justice Chukwujekwu Aneke of a Federal High Court sitting in Lagos has ordered an interim forfeiture of properties valued about N11.14 billion linked to the embattled former Governor of the Central Bank[Read More…]
