{"id":35460,"date":"2019-10-21T14:19:17","date_gmt":"2019-10-21T13:19:17","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=35460"},"modified":"2019-10-21T14:19:17","modified_gmt":"2019-10-21T13:19:17","slug":"forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/","title":{"rendered":"Forestalling Insider Trading: Fidelity Bank Bans Directors, Relatives From Trading Shares"},"content":{"rendered":"<p>In order to forestall any form of insider trading, the management of Fidelity Bank Plc has asked its\u00a0 directors, managers and other high-ranking members of staff of the bank, as well as their related persons not to engage in the trading of the company\u2019s equities on the floor of the Nigerian Stock Exchange (NSE).<\/p>\n<p>The directive\u00a0 was necessitated to avoid any abuse because of the company\u2019s vital information at their disposal, which they may use to affect the price of the stock at the exchange to the disadvantage of others.<\/p>\n<p>According to a notice by the bank, these set of people have been prohibited by the financial institution to stop buying and selling of the stocks from Thursday, October 17, 2019 until the third quarter earnings of the bank are released to the NSE and the investing public.<\/p>\n<p>Fidelity\u2019s board of directors was planning to have a meeting on Thursday, October 24, 2019 for the consideration and approval of its results for the nine months ended September 30, 2019.<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>After the approval of the results by the board, the financial statements would be transmitted to the Central Bank of Nigeria (CBN), which would look into them and return to the bank before they are released to the public.<\/p>\n<p>\u201cThis is to inform the Nigerian Stock Exchange and the investing public that in line with Fidelity Bank Plc\u2019s Insider Trading Policy and the extant Issuers\u2019 Rules of the exchange, the board of directors of Fidelity Bank Plc shall meet on Thursday, October 24, 2019, to consider the Unaudited Financial Accounts for the third quarter ended September 30, 2019.<\/p>\n<p>\u201cConsequently, all insiders and their connected persons are prohibited from trading (i.e buying, selling, transferring or otherwise dealing) in the bank\u2019s shares from October 17, 2019 until the Unaudited Accounts for the quarter ended September 30, 2019 are released on the floor of the Nigerian Stock Exchange (NSE),\u201d the notice said<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>In order to forestall any form of insider trading, the management of Fidelity Bank Plc has asked its\u00a0 directors, managers and other high-ranking members of staff of the bank, as well as their related persons not to engage in the trading of the company\u2019s equities on the floor of the Nigerian Stock Exchange (NSE).<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":26790,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[753,6309],"coauthors":[2391],"class_list":["post-35460","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-fidelity-bank-plc","tag-insider-trading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Forestalling Insider Trading: Fidelity Bank Bans Directors, Relatives From Trading Shares - National Wire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forestalling Insider Trading: Fidelity Bank Bans Directors, Relatives From Trading Shares - National Wire\" \/>\n<meta property=\"og:description\" content=\"In order to forestall any form of insider trading, the management of Fidelity Bank Plc has asked its\u00a0 directors, managers and other high-ranking members of staff of the bank, as well as their related persons not to engage in the trading of the company\u2019s equities on the floor of the Nigerian Stock Exchange (NSE).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-21T13:19:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/09\/51a097f5-fidelity-bank-helping-hand-program.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"834\" \/>\n\t<meta property=\"og:image:height\" content=\"563\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/09\/51a097f5-fidelity-bank-helping-hand-program.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/09\/51a097f5-fidelity-bank-helping-hand-program.jpg\",\"width\":834,\"height\":563,\"caption\":\"Fidelity bank\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/\",\"name\":\"Forestalling Insider Trading: Fidelity Bank Bans Directors, Relatives From Trading Shares - National Wire\",\"isPartOf\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/#primaryimage\"},\"datePublished\":\"2019-10-21T13:19:17+00:00\",\"dateModified\":\"2019-10-21T13:19:17+00:00\",\"author\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\"},\"breadcrumb\":{\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/nationalwire.com.ng\/sub\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Forestalling Insider Trading: Fidelity Bank Bans Directors, Relatives From Trading Shares\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927\",\"name\":\"Friday Ekeoba\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Forestalling Insider Trading: Fidelity Bank Bans Directors, Relatives From Trading Shares - National Wire","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/","og_locale":"en_US","og_type":"article","og_title":"Forestalling Insider Trading: Fidelity Bank Bans Directors, Relatives From Trading Shares - National Wire","og_description":"In order to forestall any form of insider trading, the management of Fidelity Bank Plc has asked its\u00a0 directors, managers and other high-ranking members of staff of the bank, as well as their related persons not to engage in the trading of the company\u2019s equities on the floor of the Nigerian Stock Exchange (NSE).","og_url":"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/","og_site_name":"National Wire","article_published_time":"2019-10-21T13:19:17+00:00","og_image":[{"width":834,"height":563,"url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/09\/51a097f5-fidelity-bank-helping-hand-program.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Friday Ekeoba","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/nationalwire.com.ng\/sub\/#website","url":"https:\/\/nationalwire.com.ng\/sub\/","name":"National Wire","description":"About Nigerians, Nigerian Business and Other Stories","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/#primaryimage","url":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/09\/51a097f5-fidelity-bank-helping-hand-program.jpg","contentUrl":"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/09\/51a097f5-fidelity-bank-helping-hand-program.jpg","width":834,"height":563,"caption":"Fidelity bank"},{"@type":"WebPage","@id":"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/#webpage","url":"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/","name":"Forestalling Insider Trading: Fidelity Bank Bans Directors, Relatives From Trading Shares - National Wire","isPartOf":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#website"},"primaryImageOfPage":{"@id":"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/#primaryimage"},"datePublished":"2019-10-21T13:19:17+00:00","dateModified":"2019-10-21T13:19:17+00:00","author":{"@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927"},"breadcrumb":{"@id":"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/nationalwire.com.ng\/sub\/forestalling-insider-trading-fidelity-bank-bans-directors-relatives-from-trading-shares\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/nationalwire.com.ng\/sub\/"},{"@type":"ListItem","position":2,"name":"Forestalling Insider Trading: Fidelity Bank Bans Directors, Relatives From Trading Shares"}]},{"@type":"Person","@id":"https:\/\/nationalwire.com.ng\/sub\/#\/schema\/person\/e2ab303e561d755b325fc9cea3854927","name":"Friday Ekeoba","url":"https:\/\/nationalwire.com.ng\/sub\/author\/friday\/"}]}},"_links":{"self":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/35460","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/comments?post=35460"}],"version-history":[{"count":1,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/35460\/revisions"}],"predecessor-version":[{"id":35461,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/posts\/35460\/revisions\/35461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media\/26790"}],"wp:attachment":[{"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/media?parent=35460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/categories?post=35460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/tags?post=35460"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/nationalwire.com.ng\/sub\/wp-json\/wp\/v2\/coauthors?post=35460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}