Fidelity Bank public offer, rights issue to open Thursday June 20 Nigeria’s 6th largest bank, Fidelity Bank Plc will on Thursday, June 20, 2024 open its public offer and Rights Issue. As part of this capital raising process, Fidelity Bank will same Thursday, June 20, 2024 at the[Read More…]
FG declares Monday, Tuesday public holidays to mark muslim Eid-ul-Adha The Federal Government has announced Monday 17th and Tuesday 18th as public holidays to mark this year’s Muslim Eid-ul-Adha celebration. The announcement was made by the Permanent Secretary in the Ministry of Interior, Dr Aishetu Gogo Ndayako. In a statement[Read More…]
No durbar activities in Kano during Eid-el-Kabir, police orders The police command in Kano has banned all durbar activities in the state during the Eid-El-Kabir celebration. The Sallah celebration is expected to take place on June 17. A durbar is a festival held during Eid-el-Kabir and Eid-el-Fitri[Read More…]
World Bank to CBN: Interest rate hikes may not effectively combat inflation The World Bank has said that there is a possibility the monetary policy tightening by the Central Bank of Nigeria (CBN) would not rein inflation. In its global economic prospects report released on Wednesday, the Bretton Woods institution[Read More…]
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…]
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…]
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…]
BREAKING: Minimum wage: NLC, TUC suspend strike for five days Members of the organised labour comprising the Nigeria Labour Congress and Trade Union Congress, on Tuesday, suspended their strike for five days, a leader of the NLC told our correspondent in Abuja. The centres are expected to issue a statement[Read More…]
