Fidelity Bank was by far the most traded stock in the NGX on Monday, 10 June 2024, with a turnover volume of about 605.257 million shares, even as the stock gained 6.52% to close at N9.80. Since announcing its public offer and rights issue program, the bank’s stock has seen significant market activity. For the week ending June 7, 2024, it emerged as the top-traded stock, with a turnover volume of 229.613 million shares. After Fidelity Bank, Access Holdings recorded the highest turnover volume in the market with 93.067 million shares. It was followed by UBA, which recorded a 2.86%…
Author: Oluwatoyin Mathnuel
Primate Elijah Ayodele of INRI Evangelical Spiritual Church has made a name in different sectors of Nigeria and football seems to be one of the most remarkable areas of concentration in his ministry. He has been seen with presidents of the Nigeria Football Federation (NFF), Ibrahim Gusau several times, He has been honoured by the supporters’ club and most importantly, he has always shared prophetic directions with the Nigerian football team privately and publicly. Before any significant tournament, either the AFCON or World cup, Primate Ayodele would share publicly the fate of the Super Eagles team although sometimes, it doesn’t…
To advance access to educational opportunities for children in underserved communities within the Warri Kingdom, Ogiame Atuwatse III, Olu of Warri, and Olori Atuwatse III’s Royal Iwere Foundation (RIF), have partnered with Valley Stream British Academy (VAB), Sapele, to provide 27 children of primary and secondary school enrollment age with 3-6-year scholarships. This partnership exemplifies a strong commitment from RIF and VAB to cultivate future leaders who will contribute to the socio-economic advancement of the Warri Kingdom and impact the global landscape. Speaking on the importance of the RIF Scholarship Fund, Olori Atuwatse III stated, “The agency to transform our…
Sterling Bank, a leading financial institution committed to driving innovation and progress, has partnered with the School of Politics, Policy, and Governance (SPPG) to revolutionize credential verification through blockchain technology. This collaboration marks a significant milestone in enhancing the efficiency, security, and accessibility of academic credentials in Nigeria. Acknowledging the pressing need for an effective solution, Sterling Bank has taken the initiative to back the implementation of VX Technologies’ innovative blockchain-based digital certification program. This initiative arose from the necessity for a transformative solution to address the difficulties faced by SPPG in managing and verifying academic credentials through paper-based systems.…
Owolabi Again, the two lawyers and a businessman charged with conspiracy to commit forgery and willful damage to property in suit marked LD/23611C/2024 before Justice S.I Sonaike of the Lagos High Court, TBS, have failed to appear for arraignment. The two lawyers, Ademola Owolabi, the managing partner of Ademola Adetokunbo & Co., and Adebayo Akeju, who is a partner in a law firm called Adon Partners, Lagos, as well as a real estate developer, Alex Ochonogor, are facing the charge pressed against them by the Department of Public Prosecution of the Lagos State ministry of Justice.Ochonogor is the owner and…
An American citizen, name withheld was at 1:23 p.m. today the 11th of June , 2024 restrained from committing suicide on the Third Mainland Bridge, Lagos The American, who is in his early 30s was driven to the Third Mainland Bridge by his Baby Mama in company of his daughter. He directed the lady who was unaware of his motive to park somewhere while he walked to a spot for a leap into the Lagoon. A passerby who observed his movement quickly alerted patrolling RRS operatives who persuaded him from jumping, re – united him with his wife before taking…
The Primate Elijah Ayodele Gospel Ministers’ Forum (PEAGOM) is set to hold the maiden edition of its Ministers’ conference on August 17, 2024 at Airport Hotel, Lagos, Nigeria. PEAGOM, a forum that houses the spiritual sons and daughters of renowned prophet, Primate Elijah Ayodele, was established to foster learning and raise more representatives for God on earth. According to the coordinator, Pastor Elisha Olugbenga Tolulope, the Ministers’ conference initiative came into existence by the mind of God. He noted that several spiritual sons and daughters of Primate Ayodele have been reaching out to him for a forum like PEAGOM for…
Acting on credible intelligence gathered on the activities of suspected armed robbers and kidnappers in Kwale axis, the Commissioner of Police CP Abaniwonda Olufemi directed the Commander Quick Response Squad to work discreetly on the intelligence. Acting on this directive, the Commander SP Osadolor Godwin on 8/06/2024 at about 1140hrs led surveillance team attached to Kwale Division and stormed their hideout in an uncompleted building where they two suspects upon sighting the Police opened fire and escaped in the process. Three (3) Locally Made Guns, two (2) Pump Action guns , One (1) AK 47 Magazine, thirty four (34 )…
Fitch Ratings has revised the outlook on Fidelity Bank PLC’s LongTerm Issuer Default Rating (IDR) to Positive from Stable, while affirming the rating at ‘B-‘. The credit rating agency has also affirmed Fidelity Bank’s National Long-Term Rating at ‘A(nga)’ with a Stable Outlook. In a statement released on Friday, Fitch said that the outlook revision reflects its, “expectations that the bank’s capitalisation will strengthen in the near term as a result of core capital issuances, including to meet the new paid-in capital requirement of N500 billion for banks with an international licence effective by end-1Q26.” According to the statement: “Fidelity’s…
In a landmark deal, Nigeria’s largest ethical banking institution, The Alternative Bank have signed a pioneering deal, valued at over N 14 billion, with the Niger state government to finance the delivery of 5000 electric tricycles to drive social impact, youth empowerment, business growth, and economic prosperity in the Power State. The landmark deal will see the Niger State government, through its ministries of Transportation, Youth, Women Affairs, and Small and Medium Enterprises, procure the tricycles for the programme,lease them to beneficiaries, establish an assembly and maintenance plant, and train resident youths of the state as mechanics to service the…