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Fidelity Bank Plc has embarked on a significant capital-raising initiative amounting to N127.1 billion through a combined rights and public offer. This move has garnered enthusiastic support from stakeholders across the financial markets, underscoring the bank’s robust growth trajectory and investor-friendly reputation. The offering includes a rights issue of 3.2 […]

THE NIGERIAN STOCK EXCHANGE MARKET REPORT FOR JUNE 10th – 14th, 2024 Equity Turnover : Last week, the market open on the floor of the Exchange for four days, due a national public holiday(Democracy Day). Investors traded a total turnover of 2.633 billion shares worth N43.652 billion in 33,709 deals.[…]

The Central Bank of Nigeria (CBN) has revoked Heritage Bank Plc’s banking license immediately, citing persistent financial instability and regulatory breaches. This decision aligns with the CBN’s mandate to uphold a stable financial system in Nigeria, as outlined in Section 12 of the Banks and Other Financial Institutions Act (BOFIA)[…]

THE NIGERIAN STOCK EXCHANGE MARKET REPORT FOR MAY 27th – 31th, 2024 Equity Turnover : Last week on the floor of the Exchange, investors traded a total turnover of 2.189 billion shares worth N31.303 billion in 39,362 deals. This represents a decrease in value compared to the previous week, where[…]