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Tag: Fidelity bank

Supreme Court awards N225bn against Fidelity bank to Ibadan firm
Banking

Fidelity Bank raises ₦259bn in private share placement

Fidelity Bank Plc has successfully raised ₦259 billion through a Private Placement of ordinary shares, strengthening its capital base as it moves to comply with new regulatory requirements for commercial banks with international authorization. The bank, in a statement released on the Nigerian Exchange Limited on Tuesday, confirmed that the Private Placement, approved by the […]

Banking

Fidelity Bank appoints Amaka Onwughalu as new board chairman

Fidelity Bank Plc has announced a change in its board leadership following the completion of the tenure of its Chairman, Mr. Mustafa Chike-Obi. Mrs. Amaka Onwughalu has been appointed as the new Board Chairman, effective January 1, 2026. The bank disclosed this development in a notice signed by its Company Secretary, Ezinwa Unuigboje, addressed to […]

Banking

Fidelity Bank shares exchange in massive ₦24bn off-market deal

In a significant off-market transaction on Friday, a total of 1,140,866,892 units of Fidelity Bank Plc shares were exchanged across nine negotiated deals, stirring notable interest in the capital market. However, no official filing has yet been made with the Nigerian Exchange, according to Nairameteics. According to market sources, Apel Asset Management Ltd acted as […]

Supreme Court awards N225bn against Fidelity bank to Ibadan firm
Banking

Fidelity Bank denies N5b bribery allegation against CEO

Fidelity Bank has dismissed reports alleging that its Managing Director and CEO, Dr. Nneka Onyeali-Ikpe, paid a N5 billion bribe to avoid police detention. In an official statement, the bank clarified that Dr. Onyeali-Ikpe was asked to sign a N5 billion bail bond in connection with an ongoing police investigation into the account of a […]

Supreme Court awards N225bn against Fidelity bank to Ibadan firm
News

Supreme Court awards N225bn against Fidelity bank to Ibadan firm

The Supreme Court on Monday awarded N225 billion in damages to an Ibadan-based general services firm, Sagecom Concept Ltd., engaged in a case against Fidelity Bank. The ruling, delivered on April 11 by a five-member panel of justices, stemmed from Fidelity’s decision to sell off assets belonging to engineering firm G. Cappa Plc, despite a […]

Business

Fidelity Bank’s gross earnings soar by 64.2% to ₦315.4b 

Fidelity Bank Plc reported gross earnings of ₦315.4 billion for the first quarter ended March 31, 2025, marking a 64.2% increase from ₦192.1 billion recorded in the same period in 2024. According to its unaudited financial statements submitted to the Nigerian Exchange Limited, the strong performance was driven by substantial growth in interest income, foreign […]

Supreme Court awards N225bn against Fidelity bank to Ibadan firm
News

NUP apologises to Fidelity Bank over false stability claim

The Nigeria Union of Pensioners has issued a formal apology to Fidelity Bank Plc for a false story published earlier this year by one of its members, Comrade Abiodun Michael, concerning the bank’s stability. The union expressed regret not only for the inaccurate claims but also for its failure to promptly refute the story when […]

Top 10 employers in Nigeria
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Top 10 employers in Nigeria

The Nigerian job market is marked by a complex blend of opportunities and hurdles, continually shifting due to the efforts of key players across various sectors. Recent data from the National Bureau of Statistics highlights a challenging period for employment, with the unemployment rate rising to 5.0% in Q3 2023, up from 4.2% in Q2 […]

News

Fidelity bank denies alleged data breach, rejects N555.8m fine

Alex Omenye Fidelity Bank has strongly denied allegations of a data breach and is challenging the N555.8 million fine imposed by the Nigerian Data Protection Commission. In a statement issued on Wednesday, Meksley Nwagboh, the Divisional Head of Brand and Communications at Fidelity Bank, asserted that the bank has consistently adhered to the highest ethical […]

News

Fidelity Bank fined N555.8m for customers’ data breach

Fidelity Bank has been fined N555.8 million by the National Data Protection Commission for breaching the privacy of its customers’ data. The fine is the highest ever issued by the commission. This was disclosed by the National Commissioner of the NDPC, Vincent Olatunji, during the Validation Workshop on the Nigeria Data Protection Act General Application […]

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