Temitope Adebayo Fidelity Bank Plc has reported an increase in gross earnings to N103.7 billion for the first half of 2019 from N92.3 billion recorded in the same period of 2018. The audited result of the bank for the period ended June 30, 2019, released at the Nigerian Stock Exchange (NSE) showed that despite the […]
Motolani Oseni The equities market closed on Thursday trading session on a negative note, as the Nigerian Stock Exchange, All-Share Index (NSE-ASI) slumped by 0.11 per cent on persistent sell-offs. The NSE-ASI fell by 30.18 basis points or 0.11 per cent to 27,052.93 basis points from 27,083.11basis points Accordingly, investors lost N15 billion in value […]
Patrick Okohue The Deputy Governor of Lagos State, Dr Obafemi Hamzat has said that the future of Nigeria and the youth depends on the growth and development of Micro, Small and Medium Enterprises (MSMEs). Hamzat said this while delivering a keynote address at the Fidelity Bank SME Funding Connect-Lagos on Wednesday in Lagos, He said […]
Temitope Adebayo Fidelity Bank won the ‘Best Digital Networking Bank For Entrepreneurs, Africa 2019’ at 2019 PWM Wealth Tech Awards held in London, United Kingdom (UK) recently. Organised by Professional Wealth Management (PWM), a Financial Times publication, the awards celebrate excellence in wealth management technology. According to the organizers, technology and service delivery were key […]
Fidelity Bank Plc has unveiled a novel account opening initiative, just as it launched a new savings promotion campaign aimed at rewarding new and existing customers of the bank. The new account opening initiative, the first of its kind in the Nigerian banking industry, enables members of the public to open online savings accounts through […]
…Gross Earnings hit N88.9bn …80% of total transactions now digital Fidelity Bank Plc posted an impressive half year results for 2018, recording a double-digit growth in key revenue lines and achieving significant traction in her chosen business segments. Details of the audited half year results, for the period ended June 30, 2018, released at the […]
Top Nigerian lender, Fidelity Bank Plc, has restated its readiness to take full advantage of the new credit policy guideline recently released by the Central Bank of Nigeria (CBN) to support the growth of the agriculture and manufacturing sectors of the economy. The Bank’s Chief Executive Officer, Mr Nnamdi Okonkwo, made this known in Lagos […]
Managing Director/ Chief Executive Officer of Fidelity Bank Plc, Mr. Nnamdi Okonkwo, has said that the bank will catalyze growing opportunities in the Nigerian economy, to deliver good returns to shareholders in 2018. Speaking at the bank’s 30th Annual General Meeting (AGM) in Lagos on Friday, Okonkwo said the bank would continue to focus on […]
As Treasury-bill rates continue to fall, while asset yields are trending south, making it almost impossible to re-price liabilities to match, banks operating in Nigeria have been warned to either find other sources of income or face an average of 15 per cent drop in their Profits Before Tax (PAT) expectation for 2018. It is […]
In keeping with its promise to continually enhance the health and overall well-being of communities where it operates, Fidelity Bank Plc, on Wednesday, donated three fully equipped sanitary facilities to the Ondo State Government. The facilities constructed by Fidelity Bank Plc at Aquinas College, Democracy Park and Arakale Motor Park, Akure, will enable the host […]
Top Nigerian lender, Fidelity Bank Plc is championing a ground breaking innovation in the collection of internally generated revenue (IGR). Working in conjunction with SystemSpecs, a leading electronic financial transactions company and owners of Remita, Fidelity Bank has launched a more convenient collection and remittance of Federal Government Revenues via its Unstructured Supplementary Service Data […]
When the history of Nigeria’s highly competitive banking industry is written, one bank whose place in history cannot be glossed over is Fidelity Bank Plc. The entry of Fidelity as it is popularly called by its numerous customers both in Nigeria and elsewhere across the world, though gradual, has grown like the oak tree, stamping […]
…APC kicks, alleges fraud, maladministration The Delta State House of Assembly has Okayed a request from the State Governor, Dr. Ifeanyi Okowa for the issuance of N4.5 billion performance bond by Fidelity Bank for the Warri-Effurun Water Scheme concession on behalf of the state government. The Speaker, Hon. Sheriff Oborevwori read the request from the […]
Fidelity Bank Plc. is partnering with Africa’s Young Entrepreneurs (A.Y.E) to empower entrepreneurs in Nigeria. The partnership agreement between both organisations, signed recently, will strengthen the on-going efforts and initiatives of A.Y.E in developing and supporting future business leaders. It will also afford Fidelity Bank the opportunity to offer financial and technical advisory services to […]
Ganiyu Obaaro Following its impressive half year audited financial results, Fidelity Bank Plc has again, posted another impressive financial performance for the 9 months period ended September 30, 2017. Details of the lender’s 9 months’ financial results, released at the Nigerian Stock Exchange (NSE) on Monday, showed a remarkable growth in key revenue lines and […]
Investigations into how well some of Nigerian Bank directors believe in their organization has revealed that quite a number of them have surprisingly low stakes in the banks they head, leaving investors to wonder how ready, they truly are in improving the fortunes of these organizations. In analyzing the financial positions of six of Nigeria’s […]
The management of Fidelity Bank says the 22% profit it recorded in the first half of 2017 can be attributed to deepening market share in the small and medium enterprises (SMEs), retail and digital banking spaces. According to a statement signed by Ejike Ndiulo, head, corporate communications of the bank, gross earnings rose from N70.3billion […]
In its determination to transform not less than 63 lucky customers into instant millionaires, Fidelity Bank, has again created new seven millionaires through its exhilarating consumer promotion ‘Fidelity Get Alert in Millions Savings promo.’ The bank, held the 3rd Draw/1st Quarterly Draw of the ongoing Fidelity Get Alert in Millions Savings promo at its corporate […]
The Managing Director of Fidelity Bank, Mr. Nnamdi Okonkwo, has urged investors to take advantage of the current low prices of stocks, saying that it is better to invest when prices are low. Despite the strong fundamentals of the listed companies, their shares are highly discounted due to weak demand at the stock market. Okonkwo gave this […]
Shareholders of Fidelity Bank Plc are to claim about 29 per cent more on dividend for the financial year ended December 31, 2014, with the unanimous approval of 18 kobo per ordinary share of 50 kobo dividend, from 14 kobo in 2013. In its released financial statements for the year ended 31, December 2014, Fidelity […]