Mustafa Chike-Obi Appointed Chairman Of Fidelity Bank’s Board

July 8, 2020 419

Banking & Finance

Mustafa Chike-Obi has been appointed Chairman of the board of directors of Fidelity Bank Plc, the bank has announced July 6,2020. This follows the impending retirement of current chairman, Ernest Ebi, it the end of his tenure next month.Another non-executive director, Seni Adetu, would also step down, having completed his tenure, according to the bank.Ebi, […]Continue Reading

Nova Merchant Bank Floats N10Bn Bond

July 8, 2020 434

Banking & Finance

Nova Merchant Bank has announced that it is seeking to raise N10 billion from the Nigerian Stock Exchange through its ongoing bond issue.The bank said that the N10 billion bond is being offered as a 7-year fixed rate subordinated unsecured bond under its N50 billion debt issuance programme.The bond has a price range of 12 […]Continue Reading

What Are Fully Diluted Shares?

July 7, 2020 403

Entrepreneurship

By Alejandro Cremandes Fully diluted shares are a measure of how many shares a company has at its disposal. This measurement is used to determine how much a business is worth.To calculate this, you need to know how many convertible securities a company has. Then, calculate how many shares would be created if these securities […]Continue Reading

Chime Becomes Vodacom Nigeria’s Managing Director

July 7, 2020 380

Briefs

Vodacom Group has appointed Valentine Chime as the new managing director for its Nigerian business. The company announced Chime’s appointment Monday, July 6,2020 in a statement signed by Onyinye Ago,its senior account executive.Chime joins Vodacom Business Africa, Nigeria from Aruwa Capital, a private equity company investing across West Africa. Earlier, he had held Continue Reading

Covid-19 Pandemic Costs Africa Travel, Tourism Almost $55 billion –AU

July 6, 2020 759

Breaking News

African countries have lost almost $55 billion in travel and tourism revenues in three months due to the coronavirus pandemic, the African Union (AU) commissioner for infrastructure and energy said on Thursday.Amani Abou-Zeid told a news conference, July 2 that the economic impact of lockdowns and border closures to curb the spread of the virus […]Continue Reading

Finally, FAAN Moves Head Office To Abuja

June 25, 2020 501

Aviation Breaking News

The Federal Airports Authority of Nigeria,FAAN, has moved its corporate headquarters to Abuja.The aviation agency said, June 24, that this was “ in compliance with the directive of the Federal Ministry of Aviation that all agencies in the sector relocate their corporate headquarters to Abuja.”This movement, according to FAAN General Manager, Corporate Affairs, Henrietta Continue Reading