Global Attendance Confirmed For ASIS 2024

The Africa Social Impact Summit (ASIS) 2024 is set to be a truly global event, with delegates registered from over 50 countries from across the world. This diverse representation underscores the summit's worldwide appeal, as wee las its significance as the premier platform for sustainable development in Africa. The event will take place on July 25th and 26th at the Eko Convention Centre, Lagos.

This wide participation highlights the summit's role in promoting international collaboration to address the continent’s critical issues. From West Africa, delegates include participants from Nigeria, Ghana, Senegal, Côte d’Ivoire, Gambia, Togo, Burkina Faso, Sierra Leone, and Guinea. East Africa will see participation from Kenya, Uganda, Tanzania, Rwanda, Ethiopia, and Somalia. Central Africa will be represented by Congo - Kinshasa, Congo - Brazzaville, Chad, and Cameroon. Southern Africa will have delegates from South Africa, Botswana, Namibia, Zambia, Malawi, Madagascar, and Lesotho, while North Africa will be represented by Morocco and Algeria.

Fidelity Bank’s Consistent Strong Growth Excites Investors

Fidelity Bank Plc has recorded an average annual profit growth of 64 per cent over the past three years, underlining its resilience as one of Nigeria’s fastest growing companies.

The bank has also seen rapid expansion in customer base and assets as total balance sheet size leapt from N2.1 trillion to N6.2 trillion, the sixth largest in the Nigerian banking industry. The balance sheet was driven by a hefty total deposit of more than N4 trillion, equally the sixth biggest in the industry.

A review of the audited reports and accounts of Fidelity Bank between 2023 and 2020 showed double-digit growths over the years with cumulative average annual growth rate (CAGR) in earnings, profitability and assets significantly above average industry rate and within the best performance among publicly quoted companies.

Court reinstates Shaibu as Edo deputy governor

A Federal High Court in Abuja reinstated Philip Shaibu as the deputy governor of Edo State three months after the Edo House of Assembly impeached him.

The judge, James Omotosho, declared on Wednesday that Mr Shaibu’s impeachment by the state assembly was illegal, Channels Television reported.

Mr Omotosho ordered the inspector general of police to restore Mr Shaibu’s security details. He directed that his salaries and allowances be paid since April when he was removed from office.

The Edo Assembly has appealed the judgment and filed for a stay of its execution pending the determination of the appeal.

Adaora Umeoji Highlights Zenith Bank’s Robust Financial Metrics: Says Bank Is Poised To Cross The N1 Trillion Mark In Profit In 2024

 

Zenith Bank Plc, Nigeria’s leading financial institution, held its Capital Markets Day last week to showcase the bank’s inherent values as it embarks on its recapitalisation journey. The event, which brought together key market players, focused on the bank’s growth trajectory, strategic objectives, market performance, and consistent, robust dividend payout over the years. It also provided an opportunity for the bank to inform capital market stakeholders about its robust risk management culture, adherence to regulations, capital adequacy, and maintenance of low non-performing loan levels.

Sterling One Foundation Announces Afreximbank as Strategic Partner for Africa Social Impact Summit 2024

To foster more private sector participation in the drive towards the achievement of the Sustainable Development Goals (SDGs) in Africa, the Sterling One Foundation has announced African Export-Import Bank (Afreximbank) as its strategic partner in hosting the third edition of the Africa Social Impact Summit (ASIS) to be held from July 25 -26, 2024 in Lagos, Nigeria. 

The event will focus on identifying strategies to mitigate risks in the continent’s investment opportunities to boost impact investment flows, drive policy-influencing conversations, and foster effective partnerships for sustainable growth.

Fidelity Bank eyes oversubscription to N127.1 billion combined offers

Against the background of groundswell of supports and enthusiasm for the bank’s ongoing offers, Fidelity Bank Plc has started preparations to allow the bank absorb oversubscriptions.

With investors rallying behind the bank’s N127.1 billion combined rights and public offer, market pundits had indicated that the bank would raise more than initial size of the combined offer.

Reports have shown high subscription levels for the offers early weeks of the offer period, riding on the back of acceptances by existing shareholders and demand by the general investing public.

PDP Wins All 21 LG Seats In Adamawa

The Peoples Democratic Party (PDP) has won all 21 council seats in the just-concluded Local Government (LG) election in Adamawa State.

According to the results just released by the State Independent Electoral Commission, all the councillorship seats were also won by the ruling PDP in the 226 wards in the North-East state except the Demsa Ward of the Demsa Local Government Area where the New Nigeria People’s Party (NNPP) won one councillorship seat.