By Kayode Tokede Fidelity Bank Plc, a Nigeria’s leading bank has announced the result of the offer for subscription of its N41.213 billion 8.5% fixed rate unsecured subordinated bonds due 2031, saying it was 100% subscribed. The notification at the…
The Federal High Court sitting in Abuja has adjourned to April 15, 2021 the case between the Federal Government of Nigeria and Dantata Success and Profitable Company and four others. The company and its promoters were last year charged before…
By Kayode Tokede SCOA Nigeria Plc has released its unaudited statement of comprehensive income for the period January to December 31st, 2020 with 90.04 per cent drop in profit after tax to N31.78 million from N319.18 million in 2019. The…
By Kayode Tokede Trading on the Nigerian Stock Exchange (NSE)returned to the negative territory on Tuesday with the market indicators dropping by N40.47billion, amid profit taking in Stanbic IBTC and Nigerian Breweries. Specifically, the market capitalisation which opened at N21.224…
By Kayode Tokede The Board of Directors of AXA Mansard Insurance Plc, a major insurance firm, has approved an accelerated exercise of the company’s Options Scheme that was granted to eligible staff along with the accrued bonus in 2015 and…
By Kayode Tokede Ecobank Nigeria, a wholly owned subsidiary of Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, announced that it has successfully priced its $300 million bond issuance maturing in February 2026, with settlement of the…
By Kayode Tokede Trading commenced on the equities market segment of the Nigerian Stock Exchange (NSE) on Monday, growing by 0.33 per cent due to investors buying interests in Seplat, Lafarge Africa Plc and Tier-1 listed banks’ stocks. Consequently, the…
By Kayode Tokede Fidelity Bank Plc says it has successfully issued 10 years N41.21 billion in fixed rate unsecured subordinated bond at 8.5 per cent coupon rate due 2031. Fidelity Bank Chairman, Mr. Mustapha Chike-Obi in a statement on Sunday…
Despite the under-performance of the Nigerian real estate sector last year, as affected by the negative impact of the COVID-19 pandemic, operators in this sector are optimistic that there could be an early rebound in 2021. However, affordability continues to…
By Kayode Tokede Access Bank’s Economic Intelligence Unit (EIU) forecasts headline inflation for January 2021 to rise to 16.64per cent from 15.75 per cent recorded in December 2020. The National Bureau of Statistics (NBS) is scheduled to release the inflation…
