Nigeria’s central bank raised its main lending rate by a smaller-than-expected 25 basis points on Tuesday, July 25, 2023, saying it preferred a moderate increase to anchor inflation expectations while continuing to support investment. In […]
The International Monetary Fund on Tuesday, July 25, raised its 2023 global growth estimates slightly given resilient economic activity in the first quarter, but warned that persistent challenges were dampening the medium-term outlook. The IMF […]
Germany plans to invest around 20 billion euros ($22.15 billion) in the semiconductor industry in the coming years, the economy ministry said on Tuesday, July 25, 2023, amid growing alarm over supply chain fragility and […]
Nigeria’s naira traded at a record low of N860 per dollar on the black market on Thursday, July 20/2023, according to traders, weakening below its official rate a month after the country devalued the currency […]
Following a bullish run in the stock market in recent months, the Nigerian Exchange Limited (“NGX”) on Friday, July 21, 2023, announced the reclassification of Fidelity Bank Plc. from small-price stock to medium-price stock. A […]
Pan-African credit rating agency, Agusto & Co. has affirmed the ‘A’ rating assigned to Fidelity Bank Plc and assigned an ESG score of ‘2’ in reflection of the agency’s view that environmental, social and governance […]
As part of efforts to boost Nigeria’s foreign exchange earnings, the Nigerian Export-Import Bank (NEXIM) has announced a strategic partnership with leading financial institution, Fidelity Bank Plc and Sapphital Learning Ltd. The partnership will help […]
Fitch Ratings has affirmed Fidelity Bank Plc’s credit rating at ‘B-‘ with a stable outlook, according to its recent report. The global rating agency also upgraded the bank’s National Short-Term Rating to ‘F1+(nga)’ from ‘F1(nga)’. […]
Turkish security forces seized $1 billion of counterfeit money in Istanbul and arrested six people involved in the operation, including one Ghanaian and three Swedish nationals, the governor’s office said on Friday. ALSO READ: Wildfires burning […]
• Arrested by DSS By Marvellous Ngang President Bola Tinubu has suspended the Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, from office with immediate effect. This was made known by Willie […]
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