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Fidelity
Business

Fidelity Bank distributes food packs to Benue IDPs

The Daily Leaks

Leading financial institution, Fidelity Bank Plc, has distributed over 1,200 food packs to the internally displaced persons in Makurdi, Benue State, in its ongoing commitment to eliminate hunger among vulnerable persons in the society. The […]

Fidelity
Business

Fidelity Bank stock upgrade excites investors

The Daily Leaks

Investors have commended the recent reclassification of Fidelity Bank Plc stock from small-price stock to medium-price stock, according to The Will newspaper’s survey. Giving his perspective on the development, Mr Boniface Okezie, the National Co-ordinator, […]

Salameh
Business

Lebanon’s central bank governor leaves after 30 years as system collapses over corruption

The Daily Leaks

• Lebanon’s financial system has collapsed • Central bank governor Riad Salameh faces multiple probes • Salameh insists he is innocent, says he’s a scapegoat • Governor’s term ends after three decades  Once feted as […]

Naira
Business

Nigeria’s central bank raises interest rate to 18.75% after Emefiele’s suspension

The Daily Leaks

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 […]

IMF
Business

IMF edges 2023 global economic growth forecast higher, sees persistent challenges

The Daily Leaks

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
Business

Germany earmarks 20 billion euros in subsidies for chip industry

The Daily Leaks

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 […]

Naira
Business

Nigeria’s naira hits record low on black market at N860/$1

The Daily Leaks

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 […]

Fidelity
Business

Fidelity Bank reclassified as medium price stock

The Daily Leaks

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 […]

Fidelity
Business

Agusto & Co. affirms Fidelity Bank’s ‘A’ rating with a stable outlook

The Daily Leaks

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 […]

Fidelity
Business

NEXIM partners Fidelity Bank, Sapphital to grow Nigeria’s export sector

The Daily Leaks

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 […]

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