Fidelity bank – Page 4 of 5 – Prime Business Africa

Fidelity Bank Grows Gross Earnings By 34.4% In 2022

Fidelity Bank Plc has recorded a 34.4 per cent growth in gross earnings to N337.1 billion in the 2022 financial year. This was driven by 45.2 per cent growth in interest and similar income to N295.6 billion. This was revealed in the

April 28, 2023

Business

Fidelity Bank Sells N13.97 billion Controlling Shares To 2 Investors

Fidelity Bank has sold a 10.4 per cent controlling stake in the financial institution to two unnamed investors after conducting a private placement. According to a statement released on Friday, 15 April 2023, the share acquisition was made in late February after Fidelity

April 14, 2023

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business·Markets

Stock Market Closes Negative, Equity Investors Lose N98.52 billion

On Friday, the market capitalisation of the Nigerian bourse depreciated from N29.64 trillion to N29.54 trillion, losing N98.52 billion. The All-Share Index fell slightly to 54,232.34 ASI, after losing 180.87 basis points from the previous day’s 54,413.21 ASI. Investors exchanged 557.93 million shares in 3,943 deals

March 31, 2023

Business

Finance Minister Criticises Moody’s Over Downgrade Rating

The Minister of Finance, Zainab Ahmed, has played down the importance of Moody’s downgrade after the rating agency rated the country’s credit status as a Caa1. Nigeria’s credit rating was B3 before Moody’s downgraded the status to Caa1 citing a weak business

February 3, 2023

Business·News

Naira Redesign: Fidelity Bank Assures Customers Of Cash Payment

The management of Fidelity Bank Plc has assured customers of cash payment across all its branches nationwide. Head of Corporate Communication of the bank, Dr. Meksley Nwagboh, said this in a statement issued by the bank Thursday. He said: “Our customers can

February 3, 2023

Business

Moody’s Says Its Highly Risky To Invest In GTBank, Fidelity Bank, 7 Others

Guaranty Trust Bank (GTBank), Access Bank Plc, First Bank of Nigeria (FBN) and six other commercial banks have been downgraded by the international rating agency, Moody’s. Moody’s, which assesses investment risk in countries and companies, said it has downgraded the investment or

February 2, 2023

Fidelity Bank In Need Of Money, Reveals Amount Company Needs To Run Operation

Business·News

Fidelity Bank Seeks More Money For Operations, Moves To Recapitalize

The shareholders of Fidelity Bank have approved the management’s request to raise new capital through private placement, which will bring in new investors into the company, and enable the firm have liquidity to maintain operation. Fidelity Bank had requested that 3,037,414,308 unissued

October 3, 2022

Business·Markets

Stock Roundup: Sterling Bank, Fidelity Top Equities, As Investors Trade N12.92 billion Nigerian Stocks

Market report from the Nigerian Exchange Limited (NGX) disclosed that over 1.195 billion shares exchanged investors hands in 19,305 deals, worth N12.924 billion, this week. Investors increased their investment on the exchange floor when compared with the 914.443 million shares, valued at N15.263

September 3, 2022

CBN Fines Union Bank N200 million For Cryptocurrency Trading

Business

Fidelity Bank Acquires Union Bank UK On CBN Approval

The Central Bank of Nigeria (CBN) has approved the acquisition of Union Bank’s UK subsidiary by Fidelity Bank, a statement obtained from the Nigerian Exchange Limited (NGX) on Tuesday disclosed. Fidelity Bank’s Managing Director and Chief Executive Officer, Nneka Onyeali-lkpe, said the

August 30, 2022

Business·News

Full List: Fidelity Bank Takes Over Kano, Kaduna, Benin DisCos, Appoints New Board Members

Fidelity Bank has taken over three electricity distribution companies (DisCos) in Kano, Benin and Kaduna, and changed the management of the firms over debt. The company temporary takeover will result into a sell off of the shares to private investors, a statement

July 6, 2022

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Fidelity bank - Page 4

Fidelity Bank Grows Gross Earnings By 34.4% In 2022

Fidelity Bank Sells N13.97 billion Controlling Shares To 2 Investors

Stock Market Closes Negative, Equity Investors Lose N98.52 billion

Finance Minister Criticises Moody’s Over Downgrade Rating

Naira Redesign: Fidelity Bank Assures Customers Of Cash Payment

Moody’s Says Its Highly Risky To Invest In GTBank, Fidelity Bank, 7 Others

Fidelity Bank Seeks More Money For Operations, Moves To Recapitalize

Stock Roundup: Sterling Bank, Fidelity Top Equities, As Investors Trade N12.92 billion Nigerian Stocks

Fidelity Bank Acquires Union Bank UK On CBN Approval

Full List: Fidelity Bank Takes Over Kano, Kaduna, Benin DisCos, Appoints New Board Members

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