“We urge the public to disregard sensational or unverified claims and rely solely on official channels for information about the financial system,” the apex bank said.
Fidelity Bank said it “remains a very strong and profitable financial institution and amongst the most capitalised banks in Nigeria today with international operations.”
The bank is in talks with Sagecom to hammer out a repayment plan, but the urgency stipulated in the ruling could hamper its ability to spread out the liability without going under.
The NGX All-Share Index and Market Capitalisation rose by 0.27 and 0.28 per cent to close at 106,042.57 and N66.648 trillion, respectively.
The Nigerian Exchange Ltd rebounded on Tuesday, breaking a two-day bearish run with a market gain of N19 billion.
Specifically, the Nigerian Exchange Ltd market capitalisation declined by N659 billion or 1.01 per cent, falling to N65.488 trillion from N66.147 trillion recorded on Friday.
The All-Share Index also rose by 0.04 per cent, or 41.89 points, to close at 105,593.28, up from 105,551.39 posted on Monday.
The Nigerian stock market recorded a loss of N209 billion in market capitalisation on Wednesday as investors reacted negatively to the Central Bank of Nigeria’s (CBN) recent interest rate hike
Analysis of the market activities showed trade turnover settled higher relative to the previous session.
Specifically, the market capitalisation closed at N56.615 trillion, having lost N267 billion.
