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Fidelity
Business

A failed attempt to trigger a run on banks

The Daily Leaks

As market sentiment remains highly volatile and driven by news flow, banks liquidity levels can become vulnerable due to spread of inaccurate information. As Nigerian banks put finishing touches to their recapitalisation plans as directed […]

Fidelity
Business

Fidelity Bank records largest single-day turnover volume of over 600 million shares

The Daily Leaks

June 11, 2024 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% […]

Fidelity
Business

Fidelity Bank leads trading as equities gain N324 billion

The Daily Leaks

June 11, 2024 Fidelity Bank Plc was the most active stock on Monday, 10 June 2024 at the Nigerian stock market as a strong positive sentiment led Nigerian equities to a net capital gain of […]

Strike
Business

Labour calls FG’s offers ‘starvation wages,’ insists on ₦250,000, may resume strike Tuesday

The Daily Leaks

By Marvelous Nyang June 10, 2024 Nigeria’s Organised Labour has categorically rejected the proposed ₦62,000 and ₦100,000 minimum wages, labelling them as “starvation wages.” Instead, Labour is demanding a ₦250,000 minimum wage for Nigerian workers, […]

Fidelity
Business

Fitch upgrades Fidelity Bank’s rating to ‘positive’

The Daily Leaks

June 10, 2024 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
Business

Fidelity Bank undertakes N29.6 billion rights issue, N97.5 billion public offer

The Daily Leaks

June 5, 2024 Fidelity Bank Plc has concluded all necessary arrangements to raise a total of up to ₦127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing […]

Bank
Business

Nigerian lawmakers push to curb central bank’s role in economic policy amid soaring inflation

The Daily Leaks

Nigerian lawmakers are proposing a bill to reduce the central bank’s control over economic policy by establishing a committee to coordinate monetary and fiscal policies, led by the finance minister. This initiative comes as Nigeria […]

Fidelity
Business

Fidelity Bank gets highest corporate governance rating on stock market

The Daily Leaks

May 29, 2024 Fidelity Bank Plc complies with the highest corporate governance standards as the leading commercial bank adheres promptly to all full disclosure requirements and global best practices. Fidelity Bank is awarded CG+, the […]

Fidelity
Business

Shareholders throw weight behind Fidelity Bank’s recapitalisation plan

The Daily Leaks

• Investors delighted with the bank’s impressive performance Shareholders have expressed readiness to massively support and mobilise for the ongoing recapitalisation of Fidelity Bank Plc amid commendations for the impressive performance of the bank over […]

Fidelity
Business

Fidelity Bank renovates Nasarawa PHC clinic, donates water facility

The Daily Leaks

As part of its Corporate Social Responsibility (CSR) initiatives, a leading financial institution, Fidelity Bank Plc, has renovated the Primary Healthcare Clinic along the Workers Village in the Tudun Amba Community of Lafia Local Government […]

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