Business

Fidelity records PBT of N76.3bn for H1 2023

Ihesiulo Grace 5 September 2023 0

Bank’s shareholders to get 25 kobo per share interim dividend By Temitope Adebayo Fidelity Bank Plc has recorded an impressive 204.4 per cent growth in Profit Before Tax for the first half of 2023 to N76.3bn according to the bank’s recently issued financial result. A review of the results

Business

Fidelity Bank partners with BOSS Money to boost Diaspora remittances

Ihesiulo Grace 18 October 2022 0

As part of its strategy to provide seamless disbursement options to its over 7 million customers, leading financial institution, Fidelity Bank Plc, has partnered with BOSS Money, a fast-growing provider of money transfers in the United States. The partnership would enable Fidelity Bank customers to receive funds sent from the U.S. at any of the […]

Business Headlines

Fidelity Bank Boss Makes Case For Enabling Environment For FDI

Ihesiulo Grace 1 December 2021 0

Financial institutions in Nigeria have been urged to contribute their quota in making the Nigerian business climate conducive for foreign direct investments. Giving the charge at the grand opening of Burger King in Nigeria recently, the MD/CEO, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe said, “It is not enough to only attract FDIs into the Nigerian […]

Business Headlines

Fidelity Bank moves to close the year on a high with Fidelity for You campaign

Ihesiulo Grace 22 November 2021 0

Coming on the heels of several auspicious announcements, frontline tier-two lender, Fidelity Bank Plc, has launched a new thematic campaign set to help it demonstrate its devotion to customers. The campaign, themed, Fidelity for You, broke across several media outlets over the weekend and signposts the bank’s commitment to support customers no matter their economic […]

Business News

Fidelity Bank PBT increases to N28.10bn in 9 months

Ihesiulo Grace 17 November 2021 0

Fidelity Bank Plc has posted a profit before tax (PBT) of N28.10 billion for the nine months ended September 30. Fidelity Bank’s Chief Executive Officer, Mrs. Nneka Onyeali-Ikpe, said this in the bank’s unaudited financial statement posted on the website of the Nigerian Exchange (NGX) Ltd., on Tuesday in Lagos. Onyeali-Ikpe said that the PBT […]

Business News

Fidelity Bank shareholders okay N0.22 kobo dividend

Ihesiulo Grace 3 May 2021 0

BY TEMITOPE ADEBAYO Shareholders of Fidelity Bank Plc have unanimously endorsed the payment of a cash dividend of 22 kobo per share for the 2020 financial year. This translates to a dividend yield of 9.2 per cent making it the 4th most rewarding Bank to investors in the Nigerian Capital Market. This announcement was made […]

News

Onyeali-Ikpe assumes office as MD/CEO of Fidelity Bank

Ihesiulo Grace 4 January 2021 0

The new Managing Director/CEO of Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe, whose tenure formally commenced on January 1, 2021 has assumed office, becoming the fourth Chief Executive and first female to occupy the position since the inception of the bank in 1988. She succeeds the erstwhile MD/ CEO, Mr. Nnamdi Okonkwo who retired on December […]

News

How Fidelity Bank improves efficiency, expands market share

Ihesiulo Grace 7 December 2020 0

By Motolani Osenni Following over 30 years of an active banking carrier, Fidelity Bank Managing Director/CEO, Nnamdi Okonkwo, who retires on December 31, 2020, in a recent interactive session with Business Editors, speaks on factors that contributed to his achievements, his early life and how the bank has undergone a significant evolution of business culture, […]

News

Fidelity Bank appoints two new directors

Ihesiulo Grace 5 October 2020 0

The Board of Directors of Fidelity Bank Plc has announced the appointment of Henry Obih as an Independent Non-Executive Director with effect from September 21, 2020, and Kenneth Onyewuchi Opara as an Executive Director. The appointments have been approved by the Central Bank of Nigeria (CBN). Mr Opara will assume office as the Executive Director […]

Business

COVID-19: Fidelity Bank partners ESLF to cater for less privileged

Ihesiulo Grace 1 June 2020 0

Fidelity Bank Plc has donated the sum of N10 million to Eunice Spring of Life Foundation (ESLF), a pet project of the Benue First Lady. The donation would enable the organisation, in no small measure implement its many humanitarian projects designed specifically for the people of Benue State. It would also cushion the effects of […]

Business

COVID-19: UBA, Fidelity Bank, FCMB announce 2019 AGM by proxies

Ihesiulo Grace 8 April 2020 0

Fidelity Bank Plc and United Bank for Africa (UBA) on Monday fixed April 29 and 30 respectively as the new date for their 2019 Annual General Meeting (AGM) by proxies due to the COVID-19 pandemic. FCMB Group recently notified its shareholders that its 2019 AGM on April 28 would be by proxy. However, UBA in […]

Business

Fidelity Bank reports 24% increase in PAT, declares N0.20 dividend

Ihesiulo Grace 24 March 2020 0

Fidelity bank plc has announced 24 per cent increase in Profit After Tax (PAT) for 2019 audited financial year result and accounts submitted to the Nigerian Stock Exchange (NSE) on Monday. The lender reported N28.4billion PAT in 2019 from N22.93billion reported in 2018 while Profit before Tax grew by 21 per cent to N30.35billion in […]

Business

Fidelity Bank moves to bridge finance gaps for women entreprenuers, MSMEs to boost employment

Ihesiulo Grace 6 March 2020 0

Fidelity Bank Plc on Friday expressed commitment to continuous support and development of women entrepreneurs to address the short-term financing needs of Micro, Small & Medium Enterprises (MSMEs). Mr Nnamdi Okonkwo, the bank’s Managing Director, stated this at its mentoring and networking engagement with women entrepreneurs in celebration of the 2020 International

Business

GAIM 4 draws: 12 winners emerge in Fidelity Bank’s Savings Promo

Ihesiulo Grace 18 February 2020 0

Not fewer than 12 lucky customers have emerged millionaires in the fourth month and the second bi-monthly draw of the Get Alert in Millions (GAIM) of the Fidelity Bank’s promo season four. The electronic raffle draw, which held at the head office in Lagos, was witnessed by the relevant regulatory bodies including the National Lottery […]

Business

Fidelity Bank, Gazelle Academy train 200 youths to boost entrepreneurship

Ihesiulo Grace 13 February 2020 0

In a bid to accommodate new areas of vocational training, while creating a veritable platform for building an entrepreneurial spirit in the country’s teeming youths, Fidelity Bank Plc has partnered with Gazelle Academy to train not less than 200 undergraduates. The bank, has, however, expanded the scope of its Youth Empowerment Academy (YEA) with a […]

Business

Fidelity Bank appoints Isa Inuwa as Independent Non-Executive Director

Ihesiulo Grace 6 February 2020 0

The Board of Directors of Fidelity Bank Plc has announced the appointment of Alhaji Isa Mohammed Inuwa as an Independent Non-Executive Director of the Bank and has notified the Nigerian Stock Exchange (NSE) of the appointment, which has been approved by the Central Bank of Nigeria (CBN) and took effect from January 22, 2020. Alhaji […]

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FBN Holdings, Fidelity Bank, 3 others declare profit in 2019

Ihesiulo Grace 3 February 2020 0

Not less than a whopping N180.9 billion Profit After-Tax (PAT) has been declared by FBN Holdings Plc, Fidelity Bank Plc and three other commercial banks in their unaudited financial statement for the year ended December 31, 2019. Others are Stanbic IBTC Holdings Plc, Wema Bank plc and Sterling Bank Plc. The Daily Times, however, observed […]

Business

Fidelity Bank celebrates 2019 Compliance & Ethics week

Ihesiulo Grace 4 November 2019 0

As part of sustained efforts to promote ethical values and professionalism within the bank, Fidelity Bank Plc, at the weekend, disclosed plans to participate in this year edition of the Corporate Compliance and Ethics Week. Commencing on November 3 and running up until Friday, November 08, the bank has organised series engagement initiatives that are […]

Banking Business Economy Money Money

60% LDR: How stock price of sanctioned banks depreciate on NSE

Ihesiulo Grace 4 October 2019 0

The stock price of five banks out of 12 sanctioned by the Central Bank of Nigeria (CBN) on Thursday depreciated on The Nigerian Stock Exchange (NSE). The apex bank on Wednesday debited 12 banks who failed to meet the initial deadline of 60 per cent Loan to Deposit Ratio (LDR) by September 30, 2019, in […]

Banking Business Economy Money Money

Equities market declines by N112bn over investors sustained profit-taking

Ihesiulo Grace 4 October 2019 0

The equities market segment of the Nigerian Stock Exchange (NSE) on Thursday continued on a downward trend as investors’ investment declined by N112 billion on the back of sell-offs in high capitalised stocks. The All Share Index (ASI) decreased by 229.18 absolute points, representing a dip of 0.84 per cent to close at 27,085.69 points. […]