archiveMay 3, 2016

Fidelity Bank shares on The Nigerian Stock Exchange have taken a bashing on the exchange have falling into a two-month low after the Economic and Financial Crime Commission (EFCC) detained the bank's chief executive last week, prompting it to appoint an acting chief. Shares in the mid-tier bank fell 7.7...

As the deadline for quoted companies to submit their audited report and accounts for the year ended December 31, 2015 expired last week, there are strong indications that the Nigerian Stock Exchange (NSE) may sanction Unity Bank and 31 other listed companies over non compliance. Post-listing rules at the NSE...

The Nigerian Stock Exchange All Share Index (NSE ASI) and the Market Capitalization increased by 3.20 per cent, while the Year-to-Date return stood at -9.69 per cent. The All Share Index closed at 25,865.50 against the previous close of 25,062.41 while Market Capitalization closed at ₦8.897 trillion against previous close...

Investors in the capital market have lamented the lull in market activities and the huge lose recorded in the Nigeria Stock Exchange (NSE), where investors lost over N1.24 trillion in the first four months of 2016. Market capitalisation (the total market value of the shares outstanding of all publicly traded...

The World Bank Group’s ‘Doing Business Report’ for 2016 released today has disclosed that it is difficult to do business in Nigeria now than it was in 2015. The report also revealed that Singapore remained the easiest country to do business, with a distance to frontiers (DTF) of 87.34, even...

Nigeria will soon begin exploratory drilling in search of oil in the north eastern Chad Basin region by October, the Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has said. According to a report by Reuters, the country may be on the verge of a significant oil find in...

In the absence of its Managing Director/Chief Executive Officer, Mr. Nnamdi Okonkwo, the Board of Directors of Fidelity Bank Plc has appointed Alhaji Mohammed Lawal Balarabe, Executive Director North as Acting Managing Director/Chief Executive of the bank with immediate effect subject to regulatory approval. The appointment was announced on Monday...