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Category: Business

Business Economy headline

Fidelity Bank undertakes a N29.6bn Rights Issue and N97.5bn public offer

Iheanyi Ejiofor June 6, 2024 No Comments #Fidelity Bank#Public offer#Rights Issue

Fidelity Bank Plc has concluded all necessary arrangements to raise a total of up to N127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue…

Read More Fidelity Bank undertakes a N29.6bn Rights Issue and N97.5bn public offer
Business Economy headline

NDIC to repay Heritage bank customers within one week

Iheanyi Ejiofor June 5, 2024 No Comments #Heritage bank#NDIC

Our reporter/ The Nigerian Deposit Insurance Corporation (NDIC) on Wednesday said the payment of depositors at Heritage Bank will commence before the end of the week. The Managing Director of…

Read More NDIC to repay Heritage bank customers within one week
Business Economy headline

Nigeria’s current account balance up by $1.43bn – IMF

Iheanyi Ejiofor June 5, 2024 No Comments IMF

Nigeria’s current account balance has experienced a surplus of $1.432bn in 2024, according to a report by the International Monetary Fund (IMF). The report, ‘World Economic Outlook Database’, noted that…

Read More Nigeria’s current account balance up by $1.43bn – IMF
Business Economy headline

No plan to revoke licences of Unity Bank, Polaris Bank, Keystone – CBN

Iheanyi Ejiofor June 4, 2024 No Comments #Bank license#CBN#Key stone bank#Polaris Bank#revoke#Unity bank

Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday confirmed it has no plans to revoke the licences of Unity, Polaris, and Keystone banks. Online reports had claimed the…

Read More No plan to revoke licences of Unity Bank, Polaris Bank, Keystone – CBN
Business Economy

Zenith recognised as most sustainable Bank in Nigeria

Iheanyi Ejiofor June 3, 2024 No Comments #Jim Ovia#Zenith Bank

Zenith Bank Plc has been named the ‘Most Sustainable Bank, Nigeria’ in the International Banker 2024 Banking Awards, retaining the title for the second consecutive year. Commenting on the award,…

Read More Zenith recognised as most sustainable Bank in Nigeria

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