Business

The bank also emerged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards 2023, retaining the award for a second consecutive year. Zenith Bank maintained its position as the best commercial bank in Nigeria for a third consecutive year and the best corporate governance bank at the world finance 2023 awards. Newsmaxngr reports that for ...

According to The Will newspaper, investors have commended the recent reclassification of Fidelity Bank Plc stock from small price stock to medium price stock. Giving his perspective on the development, Mr Boniface Okezie, the National Co-ordinator, Progressive Shareholders Association of Nigeria, commented, “Fidelity Bank has paid its dues in the financial services sector. It has contributed immensely to the development ...

Dame (Dr.) Adaora Umeoji OON is the Deputy Managing Director of Zenith Bank Plc, boasting over 20 years of experience in banking and executive management. Newsmaxngr reports that the Board of Zenith Bank Plc has announced the reappointment of Dame (Dr) Adaora Umeoji as the Deputy Managing Director of the bank. This was announced in a corporate action that was ...

Bank is bankrupt, unable to pay depositors’ funds Experts accuse ex-CBN boss, Emefiele of politics, ask new chief to take action The fortunes of the once bubbling Heritage Bank have continued to sink deeper and deeper, gradually moving from a state of comatose to a complete death situation with customers’ deposits on the line if nothing is done immediately by ...

The Naira today depreciated to N870 per dollar in the parallel market from N840 per dollar on Monday, indicating N30 depreciation. But the national currency  appreciated to N791.42 per dollar in the official Investors and Exporters, I&E window. Data from FMDQ showed that the indicative exchange rate for the Investors and Exporters (I&E) window fell to N791.42 per dollar from ...

The Sterling One Foundation and the United Nations Nigeria, co-conveners of the Africa Social Impact Summit 2023, have officially unveiled partners for the second edition of the Africa Social Impact Summit. The announcement made at a press conference held in Lagos, Nigeria, also featured an official announcement of the 10th and 11th of August 2023 as dates for the event ...

Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday announced the reclassification of Fidelity Bank Plc. from small price stock to medium price stock. A statement by the NGX said the reclassification became necessary because Fidelity Bank Plc. shares have been trading above the N5.00 mark since February 2023. “Rule 15.29 ...

FBN Holdings Plc, has reported a profit before tax of N206 billion for the half year ended June 30, 2023. FBNHoldings disclosed the figures in its second-quarter statement released yesterday on the Nigerian Exchange. The increase in second-quarter profits helped its half-year profit before tax to rise by 213% compared to N65.7 billion in the same period last year. This ...

Pan-African credit rating agency, Agusto & Co. has affirmed the ‘A’ rating assigned to Fidelity Bank Plc and assigned an ESG score of ‘2’ in reflection of the agency’s view that environmental, social and governance issues have minimal contribution to the Bank’s credit rating. According to a note on the Agusto & Co. website, “The rating reflects Fidelity Bank’s improved ...

The Sterling One Foundation and the African Venture Philanthropy Alliance have announced the upcoming ASIS 2023 Deal Room, which will take place on August 11, 2023, in Lagos, Nigeria, to connect social impact enterprises with potential investors for funding opportunities. The deal room, managed by the African Venture Philanthropy Alliance (AVPA) alongside other technical partners, presents a unique opportunity for ...