By Jemimah Wellington, JKNMedia Reporter SET TO OPEN its public offer and rights issue on Thursday, June 20, Fidelity Bank Plc, has disclosed its intentions to raise up to N127.1 billion, combining a rights issue for existing shareholders and a public offer for new investors. Being Nigeria’s sixth-largest bank, it says the rights issue will [&...
By Ajibola Olaide, JKNMedia Reporter WITH THE launch of the Smart Health Information Platform (SHIP), a transformative change has been initiated in Lagos State’s health sector. This innovative digital cloud platform is poised to revolutionize data transmission and management across all state-owned healthcare facilities. Developed through...
By Joke Kujenya SIXTY HIGH-ranking executives from 13 commercial banks have been hurled into legal proceedings by Guaranty Trust Bank (GTBank) as the conflict over a N17 billion Anchor Borrowers Programme loan involving GTBank and Afex Commodity Exchange continues to escalate. The executives, including chairmen, CEOs, directors, and company se...
By JKNMedia A WAVE OF misinformation is noted to have been sweeping through Nigeria’s banking sector following the Central Bank of Nigeria’s (CBN) revocation of Heritage Bank Plc’s license on June 3, 2024. This targeted campaign seeks to undermine Fidelity Bank Plc, a financial institution known for its stability and sound financia...
By JKNMedia A PROMINENT financial institution dedicated to fostering innovation and progress, Sterling Bank, has announced a pioneering partnership with the School of Politics, Policy, and Governance (SPPG) to enhance credential verification through blockchain technology to signify a transformative step in improving the efficiency, security, a...
By Blessing Obam, JKNMedia Reporter DIGITAL SOLUTIONS giant Globacom has reaffirmed its longstanding support for the celebrated Ojude Oba festival, continuing a tradition that began 18 years ago at a pre-event press conference held at the Awujale’s Palace in Ijebu Ode. Mr. Kazeem Kaka, representing Globacom, stressed the company’s ...
By Jemimah Wellington, JKNMedia Reporter WITH A staggering turnover of approximately 605.257 million shares, Fidelity Bank has emerged as the most actively traded stock on the Nigerian Exchange (NGX). On Monday, June 10, 2024, the bank’s stock witnessed a significant surge, appreciating by 6.52% to close at N9.80. Also, the bank’s recent...
By Joke Kujenya WITH A STABLE outlook, Fidelity Bank PLC has received a significant boost as Fitch Ratings revised its Long-Term Issuer Default Rating (IDR) stance to Positive from Stable, affirming its rating at ‘B-‘. The bank’s National Long-Term Rating was also affirmed at ‘A(nga)’. In a statement released on F...
By Ajibola Olaide, JKNMedia Reporter PLANS HAVE been finalized by the Fidelity Bank Plc to secure up to ₦127.1 billion through a combined Rights Issue and Public Offer, aiming to bolster its share capital base in line with the Central Bank of Nigeria (CBN)’s revised minimum capital requirements for commercial banks. This strategic move, accord...
By Olaide Ajibola, JKNMedia Reporter A DELEGATION from the Conference of Auditors-General of Local Governments in Nigeria was welcomed by Rivers State Governor Siminalayi Fubara to discuss the crucial topics of accountability and financial transparency in public sector management. Their visit to the Government House in Port Harcourt was part o...
