This week’s stocks to watch list consist of Airtel Africa, Julius Berger and Fidelity Bank, as the stock market resumes its weekly activities. Ripples Nigeria stocks...
With N36.57 billion lost during trading on Thursday, the market capitalisation of the Nigerian stock market closed down at N29.60 trillion. This is a -0.12 per...
The second-tier banks continued to dominate the top five best-performing financial institutions in Nigeria, with only one tier-one bank making it into the list in the...
Nigerian tier-two banks dominated the top five best performing lenders in First Half (H1) 2022, with Wema Bank leading the onslaught against the tier-one creditors. Ripples...
Fidelity Bank has concluded plans to sell a significant stake in the company to private investors, as the Nneka Onyeali-Ikpe-led company is in need of capital...
There were two major changes in the best performing banks in Nigeria’s financial industry in the second quarter (Q2) of 2022, with tier-two lenders pushing all...
MTN Nigeria, Fidelity Bank and Zenith Banks are some of the stocks to watch out for as the Nigerian stock market resumes for another trading session...
The Presidential candidate of the Labour Party, Peter Obi, said he will eliminate the fixed exchange rate of the Central Bank of Nigeria (CBN) if elected...
Fidelity Bank Plc is finalizing an agreement to buy Union Bank UK Plc. The acquisition will further strengthen Fidelity bank’s push to become a tier 1...
The management of Benin Electricity Distribution Company (BEDC) Plc has said there was no legal basis for the takeover of the company following the purported activation...
Debtors including companies and individuals owed 12 commercial banks in the country N23.9 trillion as at the end of March last year. The banks disclosed this...
Ripples Nigeria quarterly ranking for best performing commercial banks operating in Nigeria is determined by the growth of the financial institutions’ Net Interest Income within three...
Ten Nigerian banks showed resilience in 2021 despite competition from financial technology companies as they posted a combined profit after tax of N741.7 billion. The profit...
Investors at the Nigerian capital market lost N97.2 billion following the dip in equity capitalization by 0.3 percent on Wednesday. Consequently, the equity capitalization dropped from...
Ten Nigerian banks reported an increase in customers deposits to N28.7 trillion in the first nine months of 2021. The amount was a 12.6 percent increase...
The Securities and Exchange Commission (SEC) has approved the Fidelity Bank’s request to raise capital from the Republic of Ireland for its operation. In a notice...
Fidelity Bank shareholders will go without dividend in the First-Half of 2021 despite the financial institution reporting revenue growth during the same period. In its financial...
Over N289.74 million was lost by Fidelity Bank investors on Monday, following a sell off among shareholders after a disclosure that the Central Bank of Nigeria...
The Executive Director/Chief Operations Officer of Fidelity Bank, Gbolahan Joshua, has retired from his position after seven years of leading different sections of the company. In...
The Central Bank of Nigeria (CBN) has secured series of court orders to freeze 194 bank accounts owned by Bureaux de Change and some firms. The...
Nigerian banks got the most from their employees in 2020, on the back of adopting new technologies. Ripples Nigeria analysis of financial statements of eight commercial...
As Nigeria’s stock market continued its bear run, there were some companies that caught the eye of Ripples Nigeria last week, though the stock market had...
Fidelity Bank is set to acquire a debt of N41.2 billion as its unsecured subordinated bond received 100% subscription. The bond is exchanged for credit which...
Tier 2 Bank, Fidelity Bank Plc said it had reviewed its card spending limit downward as Nigeria grapples with a severe foreign exchange crunch across various...
Mustafa Chike Obi, who was the pioneer Chief Executive Officer (CEO) of Asset Management Company of Nigeria (AMCON), is now the Chairman of Fidelity Bank PLC....
Fidelity Bank Plc has declared a 28.5% growth in its profit for Full Year 2019 on the back of improvement in its earnings, compared to the...
Hello, it’s Sunday again. And, here is another serving of Business Wrap, a featured post highlighting some of the major events that unfolded during the week...
A staff with with a new generation bank Ibadan, Kehinde Olumide Agbabiaka has been arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly diverting...
Nigeria’s Fidelity Bank has obtained a $50 million facility from the African Development Bank, AfDB, for the funding and promoton of the growth of Micro, Small...
Eight banks in the country have been fined a total of N102.7 million by the The Nigerian Stock Exchange for the failure to file their financial...
Nigerian equities on Tuesday rode on the back of increased bargain-hunting to recover from initial downtrend that started the week. Benchmark indices at the Nigerian Stock...
Fidelity Bank Plc has concluded arrangements to buy back $255.5 million by next week in a major debt buyback of its $300 million notes, which are...
Nigerian equities reopened on Monday with a continuing overhang of sell pressure as investors sought to take profits from earlier capital appreciation and readjust their portfolios....
Fidelity Bank Plc, is presently in court, hoping to recover a whooping N7.3 billion which it lost to about eight suspected fraudsters in a bad deal....
Nigerian equities surged ahead of most global equities in the immediate past week as considerably impressive first quarter earnings by quoted companies quickened investors’ appetite for...
Nigerian equities set off on the second quarter with a broad rally on Monday but losses by three highly capitalised companies overwhelmed the overall market position,...
Nigerian equities braced against the loss of N215 billion last week to regain N114 billion on Monday as the stock market reopened to significant bargain-hunting across...
The EFCC on Thursday continued its investigation into the N23 billion election bribery money allegedly coordinated by the former Minister of Petroleum Resources, Diezani Alison-Madueke. The...
The balance sheets of most of the deposit money banks (DMBs) are bleeding badly as a result of the huge debts portfolio in form of non-performing...
Operatives of the Economic and Financial Crimes Commission, EFCC, on Friday stormed the head office of Access Bank in Victoria Island, Lagos and arrested its Managing...
Following the arrest, detention and possible arraignment of the Managing Director of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, by the Economic and Financial Crimes Commission over the...
Following news that broke that the EFCC is investigating $115 million funds lodged in Fidelity Bank Plc by a former Minister of Petroleum Resources, Diezani Alison-Madueke,...
The Central Bank of Nigeria (CBN) may sanction Fidelity Bank Plc for infraction over $115 million allegedly lodged in the bank by the embattled former Minister...
The Economic and Financial Crimes Commission, EFCC, is perfecting plans to arrest some top oil barons suspected to have pooled over $115m (N23, 299,705,000 billion) to...
Fidelity Bank Plc has defended the $115 million allegedly lodged in the bank by the embattled former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, saying it...
Fidelity bank said on Monday it had put a N22.4 bn ($113 million) loan to Lagos-listed energy firm Oando Plc on a watchlist and taken a...
Shareholders of Fidelity Bank Plc will receive total dividend payout of N4.6 billion for the 2015 business year, according to a dividend recommendation filed by the...
