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Fidelity Bank Price Rights Issue N9.25, Public Offer N9.75/Share Fidelity Bank Plc says it has concluded plans to raise N127.1 billion by way of rights issue priced at N9.75 to existing shareholders and a public offer at N9.75, which is a combined subscription The bank said this in a statement made available to newsmen on […]Read More

81,000 Residents to Benefit from FG’s Cash Transfer in Ondo No fewer than 81,000 residents of Ondo State are to benefit from the Federal Government’s Cash Transfer programme. Mrs Tosin Olupona, Manager, Ondo Cash Transfer, Office of Public and Intergovernmental Relations, made this known on Wednesday in Akure during a training programme for local government […]

MTN Foundation Announces 2024 Annual Scholarship for Undergraduates The MTN Foundation announced on Wednesday the opening of its 2024 Scholarship Program, dedicated to aiding Nigerian students in their academic pursuits. The Executive Director, MTN Foundation, Ms Odunayo Sanya, said in a statement that the scholarship offered support through three specialised scholarships; the first two categories […]

Naira Skids as Fitch, Goldman Sachs Differ on FX Outlook The naira exchange rate skidded in the forex market following Fitch Ratings bearish estimate that the local currency would close the year at N1450 in Dec. 2024. The projection came amid claims that the local currency is grossly undervalued. It also goes against the predictions […]

Senate Passes Bill to Prescribe Salaries, Allowances of Judicial Officers The Senate on Wednesday passed a bill seeking to prescribe improved salaries, allowances and fringe benefits of judicial office holders in Nigeria. This followed the adoption of a report of the Committee on Judiciary, Human Rights and Legal Matters at plenary. Presenting the report, the […]

Investors Gain N132bn as Nigerian Bourse Halts Downturn Equities investors gain more than N132 billion as Nigerian Exchange (NGX) halted its two day downtrend due to gains in STANBIC (+9.6%), ZENITH (+2.8%), and FIDELITY (+8.0%) among others. As a result, year-to-date return increased to 32.8% from 32.5% yesterday. Based on the trading pattern, activity level […]Read More

Crypto Market Cap Hits $2.62T as Bitcoin Crosses $70K Bitcoin price is back trading above $70,000 after weeks of sideways price action across the market. The world’s largest digital cryptocurrency asset and other cryptocurrencies were rising early Wednesday. Bitcoin reacted positively to high inflows into exchange-traded funds holding the token.  Meanwhile, the price movement has […]

OANDO, Fidelity, Transcorp Drive Midday Loss on NGX The equities market is currently trading negative due to selloffs in key stocks like Oando, Fidelity Bank and Transcorp Plc among other decliners. This suggests that the local bourse would probably closed the day negative again after huge loss posted yesterday due to selling rallies. In its […]

Stanbic IBTC Announces Nationwide Scholarship Programme for Students Stanbic IBTC has announced the launch of its scholarship programme for the 2023/2024 academic year. The initiative is designed to support and invest in the educational development of exceptional Nigerian youths. Through the initiative, scholarships will be awarded to 200 students across the country, thus reaffirming Stanbic […]

Heritage Bank; NDIC Begins Payment of Depositors’ Insured sum — MD The Nigeria Deposit Insurance Corporation (NDIC), says it will begin payment of insured sum to 2.3 million depositors of Heritage Bank in-liquidation this week. The Managing Director of NDIC, Mr Bello Hassan, said this while briefing newsmen in Abuja on Wednesday. Hassan said the […]

Former Vice President, Atiku Abubakar, has urged President Bola Tinubu to stop deceiving Nigerians about his administration’s true position on fuel subsidy. Atiku said this in a statement, in Abuja, yesterday. He explained that contrary to the President’s public posturing about removing fuel subsidy, the Tinubu administration has been secretly paying trillions of Naira as […]

The National Leader of the Labour Party (LP), Mr Peter Obi, has dissociated himself from the Directorate for Obidient Affairs created by the suspended National Chairman of the party, Julius Abure. Abure who was suspended last week from the party said he has created an app for the registration of members of Obidient Movement, as […]