Tag: Fidelity Bank
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Fidelity Bank posts impressive Q3 results as profits hit N21.3bn
Fidelity Bank Plc has recorded impressive results posting N20.4 billion Profit After Tax, PAT for the third quarter ended September 2020, Q3’20, representing a growth of seven per cent as against N19 billion in the corresponding period of 2019, Q3’19. The bank has also disbursed over N50 billion in intervention funds to customers in the…
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#EndSARS: Fidelity Bank shuts three Lagos branches for repairs
At least three branches of Fidelity Bank Plc in Lagos State have been shut down by the management to allow for repairs. The affected branches of the financial institutions are located in Ibeju Lekki, Lagos Business School and Lekki Phase 1. They were touched by some youths in the aftermath of the Lekki Toll Gate…
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Fidelity Bank appoints two new directors
The Board of Directors of Fidelity Bank Plc has announced the appointment of Engr. Henry Ikem Obih as an Independent Non-Executive Director with effect from September 21, 2020 and Dr. Kenneth Onyewuchi Opara as an Executive Director. The appointments have been approved by the Central Bank of Nigeria (CBN). Dr. Opara will assume office as…
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H1 2020: Fidelity Bank Posts Impressive Half Year Results
Despite the economic challenges occasioned by the COVID-19 pandemic, Fidelity Bank has sustained the financial performance trajectory of recent years, with another set of impressive financial results. Details of the Audited Half Year results ending June 30, 2020 for the top Nigerian lender, released on the Nigerian Stock Exchange (NSE) on Thursday September 3, 2020,…
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Fidelity Bank Announces Gross Earnings of N105.8bn in H1 2020
The gross earnings of Fidelity Bank in the first half of 2020 rose to N10.5.8 billion from N103.7 billion in the same period of 2019. This was as the interest income rose to N87.1 billion from N84.3 billion, while the interest expense reduced to N39.3 billion from N48.9 billion, leaving the net interest income at…
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Fidelity Bank announces date to release H1 result
Fidelity Bank Plc is to publish its financial statement for half year ended June 30 on or before Sept. 28. The bank’s Company Secretary, Mrs Ezinwa Unuigboje, made this known in a notice posted on the Nigerian Stock Exchange (NSE) website on Tuesday. Unuigboje said that the audited financial report had been completed and sent…
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UBA, First Bank, Fidelity, others cut offshore monthly spending limit on Naira Card to $100
The United Bank for Africa (UBA), First Bank of Nigeria (FBN) and Fidelity Bank have joined the list of Nigerian banks that have reduced international spending limits for their customers as the foreign exchange situation in the country continues to bite harder. As they face tightening forex liquidity, it will be difficult for banks to…
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Fidelity Bank appoints Onyeali-Ikpe, MD/CEO designate as Okonkwo retires in December
The Board of Directors of Fidelity Bank Plc wishes to announce the impending retirement of Mr. Nnamdi J. Okonkwo, the Managing Director/Chief Executive Officer (MD/CEO) of Fidelity Bank Plc. He will be stepping down from the Board of Directors of the Bank, with effect from December 31, 2020, upon completion of his contract tenure, in…
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Fidelity Bank announces changes to its Board
Fidelity Bank Plc has announced that two of its Board members: Mr. Ernest Ebi (MFR) who has been serving as Chairman, Board of Directors and Mr. Seni Adetu who has been serving as an Independent Non-Executive Director, having successfully completed their tenure in accordance with the Bank’s internal governance policy, will be stepping down from…
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Fidelity Bank lauds NNPC, Oilserv, pledges support for $2.8bn AKK Gas project
Lagos Nigeria, June 30, 2020: Top Nigerian lender, Fidelity Bank Plc, Tuesday commended the Nigerian National Petroleum Corporation (NNPC) and Oilserv, contractors to the $2.8bn Ajaokuta – Kaduna – Kano (AKK) Gas Pipeline Project, which was flagged off Tuesday, June 30, 2020, with the ground breaking ceremony at Ajaokuta, Kogi State. Designed in line with…