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Fidelity Bank public offer, rights issue to open Thursday June 20
Fidelity Bank public offer, rights issue to open Thursday June 20 Nigeria’s 6th largest bank, Fidelity Bank Plc will on Thursday, June 20, 2024 open its public offer and Rights Issue. As part of this capital raising process, Fidelity Bank will same Thursday, June 20, 2024 at the NGX hold a Facts Behind the Offer presentation. According to an article posted on the Businessday website and authored by Iheanyi Nwachukwu, 3.2 billion ordinary shares of 50 kobo each will be offered in the ratio of 1 new ordinary share for every 10 ordinary shares …
Ecobank’s “Adire Lagos” Opens In Grand Style With Over 100 Exhibitors … Thousands throng fair
Ecobank’s “Adire Lagos” Opens In Grand Style With Over 100 Exhibitors … Thousands throng fair Lagos, June 14, 2024 - The annual Ecobank “Adire Lagos” exhibition has taken off in grand style with over 100 exhibitors showcasing their wares. The 4-day fair which opened June 14 and ends 17th, is taking place at the Ecobank Pan African Centre (EPAC) complex located in Victoria Island, Lagos. Originating from Abeokuta in Southwestern Nigeria, Adire textile is an indigenous indigo-dyed cloth made by using different wax-resistant methods to create…
Afropop singer, Adekunle Gold, is guest on Glo-sponsored African Voices
Afropop singer, Adekunle Gold, is guest on Glo-sponsored African Voices Afropop singer, Adekunle Almaruf Kosoko, popularly known as Adekunle Gold, is guest on this week’s edition of CNN African Voices Playmakers sponsored by telecommunications company, Globacom. Born on January 28th, 1987, Gold is reputed for his rich lyrics and unique rendition of his songs, He holds a Higher National Diploma in Arts and Design from the Lagos State Polytechnic. Gold hit the lime lights in 2015 after releasing his hit single “Sade” which was subsequently…
Depositors Panic As N2.76 bn Frauds Rock GTBank In One Year
Depositors Panic As N2.76 bn Frauds Rock GTBank In One Year Depositors of the Guaranty Trust Bank (GTBank) are jittery over the safety of their money as the bank recorded 16,965 fraud case in 2023 alone with a total amount of N2.76 billion involved. This was based on data from the Bank The breakdown of fraud and forgeries for the financial year is provided below The latest of such fraud being the alleged hacking into its system by one of its staff, Komolafe Oluwayomi, 45years old who allegedly stole N9.8 million from the account of the Bank …
Nigerian Idol Season 9 Heats Up, Gracia and David Garland Evicted
Nigerian Idol Season 9 Heats Up, Gracia and David Garland Evicted Nigerian Idol Season 9 intensifies! This week, the competition witnessed the shocking eviction of two talented singers, Gracia and David Garland. With Bigi, a product of Rite Foods Limited, continuing its support for the fourth year, the show has delivered electrifying performances in this nail-biting competition. This week's episode, themed “Divas and Divos,” saw the remaining contestants pay tribute to musical legends. Chioma's powerful rendition of Tina Turner's …
WEMA BANK concludes 1st tranche of Capital Raise Programme.
WEMA BANK concludes 1st tranche of Capital Raise Programme. Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has successfully concluded the first tranche of its recapitalisation exercise having secured all relevant regulatory approvals for the allotment of its N40bn Rights Issue which was initiated in December 2023. In view of macroeconomic conditions, the Central Bank of Nigeria (CBN) in March 2024, launched a recapitalisation programme requiring commercial banks to raise fresh capital i…
Why We Must Protect Nigeria’s Democracy, Obasa, Fashola, Foreign Diplomats Speak
Why We Must Protect Nigeria’s Democracy, Obasa, Fashola, Foreign Diplomats Speak Despite its challenges, democracy in Nigeria must be protected by every citizen, speakers at an event to commemorate the country’s 25 years of unbroken democratic governance organised by the Lagos State House of Assembly have warned. Speaker of the House, Rt. Hon. Mudashiru Obasa, former governor of Lagos, Mr. Babatunde Fashola, foreign diplomats, and business experts argued on Wednesday evening that democracy has benefitted the Nigeria since 1999 when the count…
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