Fidelity Bank set to raise N14 billion via private placement
One hundred per cent subscribed, the private placement was priced at N4.60 per share.
One hundred per cent subscribed, the private placement was priced at N4.60 per share.
Many residents were watching as the banks' buildings were set ablaze with some youths holding planks during the protest.
Mrs Shodipo briefly led the personal banking division of the UBA Group until her current appointment.
Union Bank's shares wne up 9.32 per cent as of 09:43 WAT, 13 minutes after the market opened to trade.
First bank had in March joined other Nigerian banks to reduce their monthly international spending limit on naira cards.
The new effort matches the bank's broader goal of expansion, and comes a week after it announced the buyout of ...
Fidelity Bank will be acquiring Union Bank UK 100 per cent if the deal goes through.
It is Access Bank's fifth major acquisition outside its base Nigeria in 18 months.
The takeover of Union Bank by Titan Trust Bank last week, hands over control of the bank to TGI, an ...
The bank has appointed a new CEO, chairman and three directors.
Pre-tax profit fell by over one-fifth to N20.7 billion, while profit after tax came to N16.9 billion, 9.4 per cent ...
Customers will not be able to spend above $20 or $50 a month on their naira cards.
The index has seen a 10.4 per cent gain January to date.
Since the turn of the year, the index has advanced by 2.7 per cent.
Several Nigerian firms appear to have been bitten by the bug of deal-making during the year, with the number of ...
The transaction marks the first takeover bid in the insurance sector this year.
Year to date, the index is up by 3.82 per cent.
Titan Trust Bank Limited, led by Tunde Lemo, is buying 89.39 per cent of Union Bank, both companies announced Thursday.
Zenith led the slide supported by GTCO, and Union Bank.
Market breadth, which measures investors’ sentiments, was broadly positive as there were 22 advancers in contrast to 10 losers.
In all, 202.718 million shares estimated at N2.408 billion were traded in 3,630 deals.
The all-share index fell by 226.26 basis points to close at 39,267.11.
M36 is a digital investment platform offering a range of investment opportunities for investors of all levels through a self-service ...
Atlas Mara has received offers from local banks wishing to buy over Union Bank.
The profit represents a growth of four per cent when compared with N11.7 billion achieved in the first half of ...
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