Press Release Fitch Ratings-London-02 April 2014: Fitch Ratings has assigned Zenith Bank Plc’s (Zenith) USD1bn Global Medium Term Note Programme a Long-term rating of ‘B+’ with a Recovery Rating of ‘RR4’ and a Short-term rating of ‘B’. The Recovery Rating is in accordance with Fitch’s soft cap for Nigeria. Fitch […]
Author: InvestAdvocate
Nigeria’s Diamond Bank to raise $750 mln fresh capital
Nigeria’s Diamond Bank said on Wednesday it will seek shareholders’ approval to raise additional capital up to $750 million or its naira equivalent at its general meeting on April 24. In a notice to shareholders, the bank said a portion of the fresh capital will come from a rights issue […]
Fidelity Bank’s Full Year Profit Drop -58%, Dividend -33.33%
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s mid-tier lender, Fidelity Bank Plc said on Wednesday its pretax profit dropped by 58 percent (58%) as it recorded N9.028 billion in its 2013 audited year end compared to N21.349 billion reported in 2012. Similarly, posttax profit declined to N7.721 billion in 2013 from […]
