Fidelity Bank Archives — City Business News

October 26, 2023 No Responses

Fidelity Bank Signs $40m Cocoa Export Deal with AFREXIM Bank, JohnVents Industries

The much-anticipated second edition of the Fidelity International Trade and Creative Connect (FITCC) got off to a boisterous start on Tuesday, 24 October 2023 as leading financial institution -Fidelity Bank Plc -hosted a broad range of businesses, regulators, members of...

September 14, 2023 No Responses

Fidelity Bank Completes 100% Acquisition Of Union Bank UK

Fidelity Bank Plc has announced the completion of the acquisition of a 100 per cent stake in Union Bank Plc UK. In a statement to the investing community through the Nigerian Exchange Limited (NGX) on Wednesday, the bank explained that...

August 15, 2023 No Responses

Fidelity Bank Distributes Food Packs To Benue IDPs

Fidelity Bank Plc has distributed over 1,200 food packs to the internally Displaced Persons in Makurdi, Benue State in its ongoing commitment to eliminate hunger among vulnerable persons in the society. The event, which took place on Thursday, 10 A...

July 22, 2023 No Responses

NGX Reclassifies Fidelity Bank As Medium Price Stock

Nigerian Exchange Limited (NGX) has announced the reclassification of Fidelity Bank Plc from Small price stock to Medium price stock. NGX in a statement explained that Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) notes that...

June 30, 2023 No Responses

NEXIM Partners Fidelity Bank, Sapphital On Export

The partnership will help improve the skills and performance of export businesses in Nigeria by leveraging the NEXIM Export Academy (NEXA); an online platform that provides exporters with capacity-building training and access to finance to scale their business...

June 15, 2023 No Responses

Fitch Affirms Fidelity Bank Ratings with Stable Outlook

Fitch Ratings has affirmed Fidelity Bank Plc’s credit rating at ‘B-‘ with a stable outlook, according to its recent report. The global rating agency also upgraded the bank’s National Short-Term Rating to ‘F1+(nga)’ from ‘F1(nga)’. It said...

June 7, 2023 No Responses

Fidelity Bank Holds International Trade expo in Houston October

Building on the resounding success of the maiden edition of the Fidelity International Trade and Creative Connect (FITCC) in London, UK last November, Fidelity Bank Plc, has announced plans to host the second edition of the trade expo in Houston,...

May 31, 2023 No Responses

Fidelity Bank MD, Nneka Onyeali-Ikpe Gets National Award

Chief Executive Officer of Fidelity Bank PLC, Nneka Onyeali-Ikpe, has been listed amongst the recipients of the 2023 national awards. According to the 2023 national awards list released by the Federal Government last weekend, Onyeali-Ikpe would be conferred wi...

May 15, 2023 No Responses

Fidelity Bank CEO Bags Champion Newspapers’ Banker Of The Year Award

Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has received yet another recognition as she bagged the award of the Banker of the Year 2022 at the Champion Newspapers’ Awards of the Year 2022. Held at the Eko...

April 29, 2023 No Responses

Fidelity Bank Sets Aside N15.7b For 2022 Dividends

For the year ended December 31, 2022, Fidelity Bank Plc has released its audited financial statement and accounts. The report showed a double in profitability, driven by strong growths in the top-line and the structural balance of the bank’s operations...

April 20, 2023 No Responses

Stock Market Recover N18b

The stock market on Wednesday recorded a positive position, gaining N18 billion to close at N27.871 trillion from the N27.852 trillion posted on Tuesday. Also, the All-Share Index rose by 39.49 points, representing an increase of 0.08 per cent to...

April 14, 2023 No Responses

Market Capitalisation Drops By N5b

The stock market on the Nigerian Exchange Ltd. on Thursday recorded a bearish tilt as the overall capitalisation dropped by N5 billion. The All Share Index (ASI) decreased by 8.83 points, representing a decline of 0.02 per cent to close...

March 8, 2023 No Responses

Businessman Jailed Over Forged N100m Fidelity Bank draft

An Ikeja Special Offences Court on Tuesday sentenced a businessman, Ernest Uduebor, for possession of forged Fidelity bank draft of N100 million. Justice Ramon Oshodi sentenced Uduebor to one-year imprisonment following his guilty plea to the amended one-coun...

February 20, 2023 No Responses

Contempt: Court Vacates Order Sentencing Fidelity Bank MD, Company Secretary

A Chief Magistrate Court sitting in Ikeja, Lagos State has vacated its ruling that convicted and sentenced the Managing Director and Company Secretary of Fidelity Bank Plc to six weeks in prison or a fine of Four Hundred Thousand Naira...