With shareholders firmly pledging to purchase new shares issued by the commercial bank, Fidelity Bank Plc’s drive to recapitalize for N500 billion has received a significant boost. Shareholders, under the auspices of Nigeria’s leading shareholders’ associations, said they would buy into any share offering by Fidelity Bank as the bank holds exciting future for above-average…
No fewer than 200 officials of the Central Bank of Nigeria were on Friday relieved of their duties. This is an addition to the long list of ongoing disengagements in the apex bank. This adds to the list of 117 staff sacked by the bank between March 15 and April 11, 2024. The termination of…
The Federal Government said on Thursday it was unaware that Dangote Refineries imported its crude oil from the US. The Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri, said the country was blessed with enough crude to supply all the refineries in the country, including the modular ones. The Minister stated this in Abuja…
● Outcomes may return Nigeria as Africa’s economic powerhouse, lower fiscal deficit to GDP ratio, remarkable decline in tax-to-GDP Statistician-General of the Federation/Chief Executive, National Bureau of Statistics (NBS), Prince Semiu Adeniran, yesterday said the statistical agency had commenced the process for the rebasing of the country’s Gross Domestic Product (GDP) and Consumer Prices Index…
The Nigerian Civil Aviation Authority (NCAA), has said that it would not hesitate to invoke relevant sections of the organisation’s regulations to sanction Turkish Airlines for mistreatment of Nigerian passengers. NCAA’s Director, Public Affairs and Consumer Protection, Mr Michael Achimugu, disclosed this to newsmen on Wednesday in Lagos. Achimugu said that President Bola Tinubu had…
The Capital Market Solicitors Association (CMSA), under the Chairmanship of Odiaka Vincent Iweze, haa announced its upcoming Annual Business Summit (ABS) scheduled for June 6, 2024. The event kicks off at 10am at the Oriental Hotel on Victoria Island, Lagos. This year’s theme, “Revolutionizing the Nigerian Capital Market Through Innovative Financial Instruments for Sustainable Development,”…
Fidelity Bank’s shareholders have approved N60m as a new compensation package for its chairman for the 2024 fiscal year. This was disclosed in a document filed with the Nigeria Exchange Group titled ‘Resolutions from the 36th annual general meeting on Monday. Also, each non-executive director will earn N40m per annum. The bank said the resolution…
Wema Bank has revealed that a N10m cash prize is up for grabs for customers in the grand finale of season 3 of its 5 for 5 promo. Wema Bank 5 for 5 Promo, which will end later this month, is a reward initiative introduced by the bank in 2019 to reward its customers for…
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN), has raised the country’s baseline interest rate by 150 basis points to 26.25 per cent from 24.75 per cent. Mr Yemi Cardoso, the Governor of CBN, said this on Tuesday in Abuja, while reading the communique from the 295th meeting of the MPC….
