A LEADING pan-African group, Ecobank Nigeria Limited, has expressed its commitment to enhancing the export potential of Adire, a traditional Nigerian textile, leveraging the African Continental Free Trade Agreement (AfCFTA). This initiative was revealed by Kola Adeleke, Executive Director of Commercial Banking at Ecobank Nigeria, during the th...
By Zahur Youssef IN SUPPORT of humanitarian efforts in Sudan, the United Arab Emirates has expressed its commitment towards allocating 70% of its $100 million pledge to United Nations agencies and humanitarian organizations. This pledge was made during the “International Humanitarian Conference for Sudan and Neighbouring Countries”. The UAE...
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 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 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 Jemimah Wellington, JKNMedia Reporter AN EXCEPTIONAL return for its investors via achieving 507% increase in capital gains over the past five years has been delivered by the Fidelity Bank Plc. Described as a remarkable performance, it is noted to have placed Fidelity Bank at the forefront of the Nigerian stock market and the banking [&helli...
By Laide Ajibola, JKNMedia Reporter REFLECTING ON his tumultuous yet rewarding five-year tenure during his 64th birthday and thanksgiving service, Ogun State Governor Dapo Abiodun attributed his success to unwavering faith and divine intervention. He said this while addressing the audience, the governor recounted his unconventional rise to pow...
By Joke Kujenya HOLDING A bubbly ceremony in its multi-purpose sports complex, the Union Bank of Nigeria marked this year’s International Children’s Day with a lively Barnyard Fiesta. The event took place on Saturday, May 25th, 2024, providing a fun-filled day for children of various ages at the Stable, on Bode Thomas, Surulere. Tagged t...
