Fidelity Bank To Host 2nd Edition Of Trade Expo In Houston
Fidelity Bank Plc, has announced plans to host the second edition of the Fidelity International Trade and Creative Connect (FITCC) in Houston
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Top Five Best Performing Nigerian Banks
Between January to December 2022, the Nigerian banking industry post double-digit growth of 26.92 per cent year-on-year, with the sector generating a combined N5.43 trillion in total revenue from 11 commercial banks. In the banking industry, there are 13 publicly listed commercial
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
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
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
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
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
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
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
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
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