Tag Archives: Fidelity Bank

Fidelity Bank Plc has posted a strong financial performance in the first half of 2017, recording impressive growth in profits, gross earnings and other indices for the six months period ended June 30, 2017. In the bank’s audited results made available to the Nigerian Stock Exchange (NSE) for its verification Wednesday showed that gross earnings rose by 22.1 per cent …

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Aside from its resolve to promote financial inclusion in Nigeria, Fidelity Bank Plc says it is targeting increased earnings following its partnership with the world largest payment network, Visa, on its mVisa new payment solution. mVisa  is the first mobile payment solution that will operate through the use of the Quick Response code. Through this service, the user will only …

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  A staff of Fidelity Bank Plc., Mr. Timothy Olaobaju, has told the Federal High Court in Ikoyi, Lagos, that his bank disbursed the sum of N264 million to two officials of the Independent National Electoral Commission (INEC), Christain Nwosu and Isa Olarenwaju Adedoyin, who are currently standing trial for unlawful gratification. Mr. Olaobaju, who gave testimony as a prosecution …

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Fidelity Bank Plc says it is building a new crop of young and talented workforce through its graduate recruitment scheme. The new inductees, who passed out of the Fidelity Crest Academy after a rigorous three months training programme, were admitted into the bank’s workforce on Friday. In a statement on Wednesday, the lender said the new workers were recruited early …

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The Chairman of Fidelity Bank Plc, Mr. Ernest Ebi has assured that, with new indicators in the domestic economy taking a positive trajectory in the recent times, Return on Investment for investors in the bank in the year will also follow in that direction. The Chairman who made this disclosure as part of his major highlight while answering shareholders questions …

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Shareholders of Fidelity Bank Plc are to get a dividend of 14 kobo for the full year ended December 31, 2016 for every ordinary share of 50 kobo, which amount to N4.05 billion. If the dividend is approved at the bank’s Annual General Meeting (AGM), which is slated for May 4, 2017 at the Shell Hall Muson Centre Lagos it …

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Fidelity Bank hasexposure of around N17.5 billion naira ($56 million) to Etisalat Nigeria, theNigerian lender’s investor relations team said on Thursday. The Nigerian arm of Abu Dhabi-listed telecomscompany Etisalat is in talks with local banks to renegotiate the terms of a$1.2 billion loan it took out four years ago  after missing a payment. It would be recalled that it was …

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About 50 drivers recently sacked by the Fidelity Bank Plc on Monday barricaded the bank’s headquarters on Victoria Island, Lagos, to protest alleged non-payment of their severance packages. The workers, who carried placards and chanted solidarity songs, said that since the bank retrenched them a month ago, efforts to make it pay their entitlements failed. One of them, Mr Samuel …

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Fidelity Bank MD Advises Investors to Take Advantage of Stock Prices 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 the better to invest when prices are low. Despite the strong fundamentals of the listed companies, their shares are highly discounted due to …

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