AfDB, Fidelity Bank To Support MSMEs With $50m The African Development Bank and Fidelity Bank Plc have signed a $50m financing agreement aimed at the funding and promoting the growth of Micro, Small and Medium Enterprises in the country. At the signing of the agreement in...

Fidelity Bank, others drive growth on NSE Low prices of equities in the financial services sector and improved third quarter results by some banks, notably, Fidelity Bank fueled a robust performance of the Nigerian Stock Exchange (NSE) in October. Data obtained by the News Agency of...

Nigeria’s LPG Market Gets $120m Ship Building Contract The quest to increase local supply of Liquefied Petroleum Gas (LPG) has attracted a major boost as Temile Development Company Limited, an indigenous shipping company operating in the Nigerian oil and gas industry, signed a ship...

The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year. The mobile company took the loan four years ago from a consortium of...

Banks are now looking for customers to buy the surplus greenback currently in their vaults, following the recent interventions by the Central Bank of Nigeria (CBN) in the interbank market. In a bid to close the gap between the interbank and parallel market rates, the...

Seven states of the federation including Plateau and Oyo raised a total of N60.95bn through the bond market in 2015, the Debt Management Office has said. It also disclosed in a report of its activities in 2015 that corporate organisations including Fidelity Bank and FCMB...