Tag: Nigeria Business Now

Fidelity Bank reclassified as Medium Price Stock

Fidelity Bank reclassified as Medium Price Stock   Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock.   A statement by the NGX said the reclassification[Read More…]

PMI foundation supports entrepreneurship

PMI foundation supports entrepreneurship Project Management Institute Educational Foundation says it has injected a multi-million rand grant through the African Leadership Academy to support entrepreneurial training for African youths. According to a statement, the grant expanded on PMIEF’s current partnership with the ALA, which sought to introduce students to project[Read More…]

Access Bank enters into acquisition agreements with Standard Chartered Bank

Access Bank enters into acquisition agreements with Standard Chartered Bank Access Bank Plc (Access) and Standard Chartered Bank have entered into agreements for the acquisition of Standard Chartered’s shareholding in its subsidiaries in Angola, Cameroon, The Gambia, and Sierra Leone, and its Consumer, Private & Business Banking business in Tanzania. Each transaction remains subject to the[Read More…]

Naira Sustains Recovery at N746/$ in official market

Naira sustains recovery at N746/$ in official market The naira on Thursday recorded a massive gain of N36 to close at N746/$ in the Investors and Exporters (I&E) window– official market. Thursday’s rebound showed two-day straight gain in the official market over improved liquidity and transaction activities. The local currency[Read More…]