Fidelity Bank

A good number of Nigerian stocks still hold potential for strong return on investment although equities generally depreciated by 3.4 per cent last week. The rate-setting meeting of the Central Bank of Nigeria’s monetary policy panel holds Monday (today) and Tuesday, with every possibility of a significant interest rate. The move may shift the balance of investment inflow from equity more into fixed-income securities, which investors often find more attractive whenever interest rates go higher. Yet, dividend…

Following the dissolution of the board and management of three banks on Wednesday, the Central Bank Of Nigeria announced the appointment of Hassan Imam as the new Managing Director/Chief Operating Officer of Keystone Bank. The appointment was disclosed through a circular by Sidi-ali Hakama, the acting director of corporate communication at the CBN. Until his appointment with Keystone Bank, Mr Imam was the executive director of the north directorate at Fidelity Bank, a position he assumed in January 2020. READ…