Business Economy

Equities market begins trading low as indices down 0.74%

Ihesiulo Grace 17 September 2019 0

Temitope Adebayo The Nigerian equities market of the Nigerian Stock Exchange (NSE) resumed trading week on Monday with a loss of 0.74 per cent, following losses achieved by medium and large equities. Specifically, the All Share Index (ASI) shed 204.68 points or 0.74 per cent to close at

Business

Fidelity Bank posts N103.7bn gross earnings in H1 2019

Ihesiulo Grace 2 September 2019 0

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 […]

Business Capital Market Capital Market

NSE –ASI drops by 0.11% over investors sustained sell-offs

Ihesiulo Grace 16 August 2019 0

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 […]

Business News Politics

Lagos Deputy Governor speaks on place of MSMEs in Nigeria’s future

Ihesiulo Grace 9 August 2019 0

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 […]

Banking Business Money Money

2019 PWM: Fidelity Bank clicks Best Digital Networking Bank award

Ihesiulo Grace 12 July 2019 0

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

Business Headlines

Fidelity Bank launches new Savings campaign, unveils novel Account Opening initiative

Ihesiulo Grace 11 October 2018 0

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 […]

Business Headlines

Fidelity Bank sustains growth trajectory as profits soar by 27%

Ihesiulo Grace 27 September 2018 0

…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 […]

Business Headlines

Fidelity Bank mulls better financing for real sector

Ihesiulo Grace 10 September 2018 0

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 […]

Business Headlines

Fidelity Bank: We’ll catalyse opportunities to deliver better returns, Okonkwo assures shareholders

Ihesiulo Grace 29 May 2018 0

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 […]

Business Headlines

15% profit drop looms in Nigerian banks -Report

Ihesiulo Grace 23 April 2018 0

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 […]

Brands and Marketing Business

CSR: Fidelity Bank donates sanitary facilities to Ondo

Ihesiulo Grace 23 February 2018 0

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 […]

Business Money

Fidelity Bank, SystemSpecs partner for FG’s collections via *770#

Ihesiulo Grace 12 January 2018 0

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

Features Headlines

CEO of the Year- Nnamdi Okonkwo: The banking wizard at Fidelity Bank

Ihesiulo Grace 3 January 2018 0

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 […]

News

Delta Assembly okays Okowa’s N4.5bn bond request

Ihesiulo Grace 1 December 2017 0

…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 […]

Business

Fidelity, group partner on entrepreneurial development

Ihesiulo Grace 23 November 2017 0

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

Business Capital Market

Fidelity Bank grows profit by 65.1% As PAT hits N16.2bn

Ihesiulo Grace 24 October 2017 0

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 […]

Business

Why directors’ investments are low in banks

Ihesiulo Grace 11 September 2017 0

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 […]

Banking

Digital banking, SMEs push Fidelity Bank’s profit by 22%

Ihesiulo Grace 30 August 2017 0

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 […]

Business Money

Savings culture: Fidelity Bank creates 7 new millionaires

Ihesiulo Grace 9 December 2016 0

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 […]

Business

Take advantage of market downturn, Fidelity Bank MD tells investors

Ihesiulo Grace 14 September 2016 0

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 […]