Nigerian banks’ market valuations have dropped significantly, and it appears few of the players have been spared in selloffs in the local bourse. Few gains were driven by small-cap banks in the tier-2 category.
Fidelity Bank Plc has seen buckets of buy ratings after its relatively healthy earnings performance in the first half of the financial year 2022. The bank is in the process of raising capital after management announced the acquisition of100% equity stake in Union Bank UK.
Roger Federer’s trophy-laden career ended with defeat on Friday, but for once the result hardly mattered as the Swiss maestro headed into retirement with tears in his eyes and cheers ringing in his ears.
The Federal Government has ordered Vice-Chancellors in universities to re-open schools and to allow students resume lectures. This is contained in a letter signed by the Director, Finance and Accounts of National Universities Commission (NUC), Mr Sam Onazi, on behalf of the Executive Secretary of the commission, Prof. Abubakar Rasheed in Abuja on Monday