NGX CONFIRMS NO INSIDER TRADING WAS DONE BY THE MD/CEO OF FIDELITY BANK PLC
NGX CONFIRMS NO INSIDER TRADING WAS DONE BY THE MD/CEO OF FIDELITY BANK PLC The Nigerian Exchange Group (NGX) has affirmed that the recent purchase of 18 million units of Fidelity Bank shares by its Managing Director/Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, was conducted in full compliance with applicable regulations. In a letter dated May 22, 2025, the regulator dismissed allegations of insider trading and the misuse of bank funds for the transaction stating "....Following the filing of the Bank’s 2025 Q1 UFS on 30 April 2025…
Dangote pledges greater investment in philanthropy, attends TIME100 Impact Dinner
Dangote pledges greater investment in philanthropy, attends TIME100 Impact Dinner …Says ADF spends over N50bn yearly on 'Giving Back to Africa' L-R: Chief Executive Officer, TIME, Jessica Sibley, President/CE, Dangote Industries Limited (DIL), Aliko Dangote, Group Executive Director, Commercial Operations (DIL), Fatima Aliko Dangote and Managing Director/CEO, Aliko Dangote Foundation, Zouera Youssoufou, attending TIME100 Impact Dinner, at One World Observatory in New York City. Africa's foremost humanist and Chairman of Aliko Dango…
Fidelity drives NGX early rally as investors swoop on bank stocks by Iheanyi Nwachukwu
Fidelity drives NGX early rally as investors swoop on bank stocks by Iheanyi Nwachukwu After muted days of buy activities, Nigeria’s stock market recorded early rally on Friday as invested pounced on the stocks of Fidelity Bank Plc. As at 11am, the NGX All Share Index (ASI) was up by 0.19 percent to 109,385.94 points. Fidelity Bank was up to N18.60, after adding N1.255 (6.63 percent). After Thursday’s negative close, Vetiva analysts said in their post trading commentary that, “With market breadth weakening and key sectors under pressure, inves…
JMG and Mitsubishi Heavy Industries Celebrate 10-Year Partnership Delivering Over 20,000 kVA of Power Solutions in Nigeria
JMG and Mitsubishi Heavy Industries Celebrate 10-Year Partnership Delivering Over 20,000 kVA of Power Solutions in Nigeria JMG, Nigeria’s leading supplier of power solutions, proudly marks a decade of successful collaboration with Mitsubishi Turbocharger and Engine Europe B.V., part of Mitsubishi Heavy Industries Group, in delivering high-performance diesel and gas generators across Nigeria. Over the past 10 years, this partnership has seen the deployment of more than 20,000 kVA of Mitsubishi-branded heavy-duty generator sets, powering key inf…
Fidelity Bank Increases Staff Salaries
Fidelity Bank Increases Staff Salaries Tier-one lender, Fidelity Bank Plc, has recently announced salary increments for its staff following a remarkable full year 2024 financial performance. The salary increase announced in May follows a prior increment from November 2024 and aims to recognize staff contributions in customer service and achieving corporate goals. It will be recalled that the Dr. Nneka Onyeali-Ikpe-led institution recorded the highest growth in year-on-year profitability in the Nigerian banking industry in 2024 with a 210% gro…
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WHEN LEGACY MEETS PREPAREDNESS – OLUSEGUN ALEBIOSU AS CEO, FIRSTBANK GROUP
WHEN LEGACY MEETS PREPAREDNESS – OLUSEGUN ALEBIOSU AS CEO, FIRSTBANK GROUP By Aniekan Ezekiel What happens when legacy meets preparedness? What results from such a combination? Let us not be in a hurry to put forward any answers yet. Instead, let us consider first the opposite situation: When legacy meets unpreparedness. The world abounds in examples of this distressing situation. A dynasty that has built wealth from generation to generation, with its illustrious heirs providing generational leadership, finds itself in a strange phase where …
IHS Nigeria Partners with NSCDC to Enhance Security of Telecommunications Infrastructure
IHS Nigeria Partners with NSCDC to Enhance Security of Telecommunications Infrastructure May 22, 2025, Lagos: IHS Nigeria, part of the IHS Holding Limited (NYSE: IHS) (“IHS Towers”) group, one of the largest independent owners, operators, and developers of shared communications infrastructure in the world by tower count, has announced a strategic partnership with the Nigeria Security and Civil Defence Corps (“NSCDC”) to enhance the protection of critical telecommunications infrastructure across Nigeria. IHS Nigeria, which owns and operates ove…
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