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 billion ordinary shares priced at N9.25 per […]
The Nigerian stock market on Wednesday admitted the Bear, halting four straight days of gains as the All Share Index dropped by 0.76% to close at 70,042.28 points from the previous close of 70,581.76 points. The Market Capitalisation declined by 0.77% to close at N38.481 trillion from the previous close of N38.778 trillion, thereby shedding N297 billion.[…]
Transactions on the floor of the Nigerian Exchange on Tuesday closed on a positive note as The All Share Index rose by 0.43% to close at 67,326.12 points from the previous close of 67,037.93 points. The Market Capitalisation appreciated by 0.43% to close at N36.989 trillion from the previous close of N66.830 trillion, thereby gaining N159 billion.[…]