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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 […]

Spiro
Business

Spiro agrees to $50 million debt facility with Afreximbank to accelerate expansion

The Daily Leaks

Friday, May 17, 2024 — Spiro, the largest electric vehicle company in Africa, is pleased to announce it has signed heads of terms for a significant $50 million debt facility with the African Export-Import Bank […]

Fidelity
Business

Analysts place ‘buy’ on Fidelity Bank

The Daily Leaks

Highly rated, independent investment advisory firms have picked Fidelity Bank Plc as a very attractive stock with the potential to generate high returns for investors. Independent investment research reports by many market pundits reviewed at […]

Cybersecurity
Business

CBN directs banks to charge 0.5% cybersecurity levy on transactions

The Daily Leaks

By Emmanuel Babafemi In a significant regulatory move, the Central Bank of Nigeria (CBN) has directed all banks operating within the country to begin levying a 0.5% cybersecurity levy on transactions. This directive, which comes […]

Timbuktu
Business

Osinbajo steers Timbuktoo strategy to unlock $1 billion for African startups, 10 million jobs

The Daily Leaks

• Unites innovators, entrepreneurs, policymakers to revolutionise Africa’s startup ecosystem By Emmanuel Babafemi Monday, May 6, 2024 — Former Nigeria’s Vice President, Prof. Yemi Osinbajo, SAN, took the helm at the Timbuktoo Strategy Retreat, a […]

Binance
Business

Binance founder Changpeng Zhao sentenced to prison for bank secrecy act violation

The Daily Leaks

Binance founder Changpeng Zhao (CZ) was sentenced by a Seattle court to four months in jail for violating the Bank Secrecy Act. This sentence is well below the 36 months requested by the Department of […]

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