October 17, 2022/Fidelity Bank Plc Fidelity Bank plc (“Fidelity Bank” or the “Bank”) announced today the redemption of the $400,000,000.00 Eurobond Notes due October 17, 2022. On October 17, 2017, the bank successfully issued a US$400 million 5-year Eurobond. The transaction also included a Tender Offer (the “Tender Offer” or […]
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FBNQuest Recommends Mutual Fund to Diversify Country-Specific Risks
October 14, 2022/Hill+Knowlton Strategies FBNQuest, the investment banking, and asset management subsidiary of FBN Holdings Plc is recommending the FBN Specialized Dollar Fund to investors as a prudent move to diversify their portfolios from country-specific investment risks. Rising inflation, negative real rates of returns, exchange rate volatility, and digitalization have […]
Nigerian Stocks Record -0.5% Weekly Gain to Bounce Back from Five-Week Bearish Streak
Though it was a shortened trading week, it was, however, enough for the local bourse to stage a come-back from its five-week bearish streak. Accordingly, the All-Share index advanced 0.5% w/w, to close at 47,569.04 points. Gains in BUACEMENT (+8.7%), and some tier-1 banks — GTCO (+5.3%), ACCESSCORP (+5.3%), and […]
