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Fidelity Bank records highest earning per share on the NGX H1 2023

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For the second year running, leading financial institution, Fidelity Bank Plc, has emerged the company with the highest earnings per share on the Nigerian Exchange Limited (NGX) based on half year financial figures.

According to a recently released statistics, Fidelity Bank, Seplat Energy, Total Energies, Okomu oil, Presco, Dangote Cement, MTN Nigeria, BUA Foods, First City Monument Bank (FCMB) and Geregu Power emerged as the companies with the highest earnings per share within the review period.

Earnings per share (EPS) is a company’s net profit divided by the number of common shares it has outstanding.
It also indicates how much money a company makes for each share of its stock and is a widely used metric for estimating corporate value.

A higher EPS indicates greater value because investors will pay more for a company’s shares if they think the company has higher profits relative to its share price.

Fidelity Bank recorded an earnings per share of N184 in the first half of 2023 from N79 in the first half of 2022.
The shares outstanding stand at 32.01 million, with a price which stood at N7 and a traded volume of 32.15 million as of 12:59 p.m. on Friday.

The bank’s profit for the period stood at N53.3 billion in the first half of 2023 from N22.84 billion in the similar period of 2022.

Fidelity Bank’s cash and cash equivalents rose to N501.54 billion in the first half of 2023 from N276.07 in the first half of 2022.

It would be recalled that the bank’s shareholders recently approved a capital raising exercise via a Public Offer for up to 10 billion Ordinary Shares and Rights Issue of up to 3.2 billion Ordinary Shares representing one new share for every 10 shares held to new and existing shareholders respectively.

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Nigeria’s Pride Awards winner Abubakar Yakubu beats Regina Daniels’ mother to emerge AGN President

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By Bonaventure Phillips Melah

Veteran actor and administrator, Alhaji Abubakar Sanusi Yakubu, has been elected as National President of the Actors Guild of Nigeria, AGN. He defeated his rival, Rita Daniel to emerge as winner.

On September 30th 2025, Yakubu was honoured with Nigeria’s Pride Award for Examplery Leadership in recognition of his outstanding contributions to the growth of Nigeria”s entertainment sector and overall performance as a mentor to young people.

In the election that was held in Benin, Edo State, Yakubu, secured majority of the lawful votes cast, and was declared winner ahead of his major opponent, Mrs. Rita Daniels, who is the mother of Nollywood actress, Regina Daniels.

Results of the election were announced Saturday night.

With the victory, Yakubu, fondly called AbuKing, became the first actor from the northern past of country, to head the AGN since its inception.

He will be taking over from Mr. Emeka Ejezie (Emeka Rollas), MON, whose relection for a second term in 2022 meant he could no longer, in line with the AGN Constitution, vie for the position again.

AGN, which is the umbrella body for screen actors in the Nigerian film industry, popularly known as Nollywood, was initially called the Nigeria Actors Guild, NAG.

Though the industry started taking form prior to 1994, however, it was not until 1998 that it was officially registered.

Past Presidents of the Guild are: Larry Williams (1st National President), Emma Oguguah; Zack Orji; Ejike Asiegbu; Segun Arinze; Ibinabo Fiberesima (Only Female President); and Emeka Rollas- all of whom are from the Southern part of the country.

The Guild has over one million registered members that are spread across Nigeria’s 36 states, including the Federal Capital Territory, Abuja.

Prior to his emergence as the first northerner to be elected for the Guild’s top job, Yakubu served as the National Vice President between 1994 and 1995, when the association was known as NAG.

He also served as National Treasurer of AGN (2000 – 2001), Public Relations Officer, AGN (2009-2011), and the National Secretary, a position he held from 2019 till date.

A graduate of Dramatic Arts from Ahmadu Bello University (ABU) Zaria, with about 25 years in film/television and stage acting, all eyes are now on AbuKing to see how he would navigate the wheel of leadership in the AGN for the next three year.

 

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COAS charges commissioned officers on patriotism

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The Chief of Army Staff (COAS), Lieutenant General Waidi Shaibu, on Saturday, charged the newly commissioned officers to place national interest above all else and uphold absolute loyalty to the Constitution of the Federal Republic of Nigeria..

He gave the charge while presiding over the Passing Out Parade (POP) of Executive Commission Course 2/2025 at the Nigerian Army School of Infantry (NASI), Jaji,

General Shaibu said the commissioning of this new set of officers form a critical component of the President Bola Ahmed Tinubu’s renewed drive to reinforce Nigeria’s security architecture as contained in the declaration of a State of Emergency on Security.

He also said that the commissioning is part of the fulfilment of the President’s directive to expand manpower, strengthen frontline deployments and accelerate security stabilisation efforts nationwide.

The Army Chief expressed confidence in the quality of training received by the officers, noting that their exceptional display of parade and weapon handling reflects the Army’s rising standards at a time when the nation demands heightened operational vigilance.

He urged them to remain uncompromisingly apolitical, disciplined and subordinate to civil authority, stressing that professionalism and constitutional loyalty remain the bedrock of military service.

 

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Nigerian military jet crashes

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A Nigerian Air Force jet has ccrashed near Karabonde, Borgu Local Government Area of Niger State.

This was disclosed by a Niger State-based online digital television network, Lapai TV, in a post on its official Facebook page on Saturday evening.

“Two Nigerian Air Force Pilots Reportedly Survive Alpha Jet Crash Close to Karabonde, Borgu Local Government Area of Niger State,” the post stated

The incident was said to have occurred Saturday evening.

At the time of filing this report, the military has yet to make any official communication about the incident.

 

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