Insider Trades of Executives of Fidelity, UBA and Cutix

As always, Investors King Ltd documents all insider trades within the Nigerian Stock Exchange to allow stock investors and the public have an insight into what is going on in each of the listed companies.

In filings to the Nigerian Stock Exchange, Fidelity Bank Plc said Mr. Gbolahan Joshua, an Executive Director of the bank, purchased 2,323,529 shares at 1.80 per unit share on September 23, 2020.

Similarly, the lender said another Executive Director, Mr. Obaro Odeghe, acquired 2,000,000 shares in two transactions. The bank said Odeghe purchased 1,978,500 shares at N1.79 per share and another 21,500 shares at N1.80 per share on September 23, 2020 in Lagos.

Also, Cutix Plc announced that Dr. Gilbert Obiajulu Uzodike added to his stake in the company, the substantial shareholder bought additional 300,000 shares at N1.70 per share on September 18, 2020.

He acquired another 45,321 shares at N1.70 per share on September 21, 2020.

Meanwhile, Tony Elumelu, the Board Chairman of UBA, added 116 shares at N6.0 per share to its holding in UBA, according to the latest filing released on the Nigerian Stock Exchange.

The entrepreneur cum philanthropist and his family have been on buying spray this week. As reported by Investors King on Thursday, the acquired around 5 million shares of UBA earlier in the week to up their stake in the bank.