NBS: FG generated N984bn from company income tax in Q1 2024 — down by 12.87% from Q4 2023 The National Bureau of Statistics (NBS) says the federal government collected a total of N984 billion as company income tax (CIT) in the first quarter (Q1) of 2024. The (NBS) disclosed this[Read More…]
Sterling Bank Implements Blockchain Solution for SPPG Sterling Bank, a leading financial institution committed to driving innovation and progress, has partnered with the School of Politics, Policy, and Governance (SPPG) to revolutionize credential verification through blockchain technology. This collaboration marks a significant milestone in enhancing the efficiency, security, and[Read More…]
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…]
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…]
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…]
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…]
Fidelity Bank undertakes ₦29.6 billion rights issue, ₦97.5 billion public offer Fidelity Bank Plc has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public[Read More…]
French investors to support establishment of whole agribusiness market in Oyo Director-General of the Oyo State Agribusiness Development Agency (OYSADA) and Executive Adviser on Agribusiness to Governor ‘Seyi Makinde, Dr Debo Akande, has stated that a French firm, SEMMARIS-Rungis International Market, is set to support the establishment of[Read More…]
Fidelity Bank outperforms banks, stock market with 507% gain in 5 years Investors in Fidelity Bank Plc have earned more than 507 per cent in capital gains over the past five years, ranking above all other major return benchmarks at the Nigerian stock market and the entire banking[Read More…]
