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Tag: Fidelity bank

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 […]

SEC to strengthen borrowing regulatory framework in Nigeria
Banking News

SEC endorses extension of Fidelity Bank public offer 

The Securities and Exchange Commission has approved a 14-day extension for the combined offer of Fidelity Bank, which was originally set to close on Monday. This disclosure was made in a market bulletin signed by the Head of the Issuer Regulation Department at the NGX Regulation, Godstime Iwenekhai, on Monday. He said,” Trading licence holders […]

Banking News

Fidelity Bank launch N127bn capital raise

Fidelity Bank Plc launched its N127.10 billion rights issue and public offer on Thursday, becoming the first bank to go public after the Central Bank of Nigeria’s recapitalisation decision was announced in March. On Thursday, Fidelity Bank launched a public offering of 10 billion ordinary shares of 50 kobo each at N9.75 per share, as […]

Banking

Fidelity Bank propose 60 kobo dividend for shareholders

The Board of Directors of Fidelity Bank has proposed a final dividend of 60 kobo per share to shareholders for the 2023 financial year. This was disclosed in its audited annual reports and financial statements for 2023 filed with the Nigerian Exchange Limited on Monday. The report shows an increase of 20 per cent when […]

Fidelity Bank extends GMD/CEO contract
Appointments

Fidelity Bank extends GMD/CEO contract

Fidelity Bank Plc has decided to prolong Dr. Nneka Onyeali-Ikpe’s employment term as GMD/CEO from 2024 to 2026. This decision was made public. According to The Times, The warning sent by the company to the Nigerian Exchange Limited. The decision was made at the board meeting on February 12, 2024, according to the statement, which […]

Fidelity Bank appoints Abolore Solebo as executive director
Banking

Fidelity Bank appoints Abolore Solebo as executive director

The Board of Fidelity Bank Plc has announced the appointment of Mr. Abolore Solebo as the Executive Director of the Corporate Banking Directorate. The disclosure was made in the company’s notice to the Nigerian Exchange Limited. The statement highlighted that the Central Bank of Nigeria has approved the appointment, and corresponding notifications have been communicated […]

Fidelity Bank targets $250m Nigeria, UK businesses' deal
Banking

Fidelity Bank targets $250m Nigeria, UK businesses’ deal

The second edition of the Fidelity International Trade and Creative Connect got off to an enthusiastic start on Tuesday, 24 October 2023, as leading financial institution – Fidelity Bank Plc, hosted a diverse range of businesses, regulators, diplomatic corps members, and other guests to the opening ceremony in Houston, Texas, United States of America. The Times reported that the […]

Fidelity Bank extends GMD/CEO contract
Business

Fidelity bank completes acquisition of Union Bank UK

Fidelity Bank Plc has completed the acquisition of a 100% share in Union Bank Plc UK. The Times reported that this information was made public in a press release sent to Nigeria Exchange Limited. The acquisition, according to the bank, is intended to support its “strategic initiatives on international expansion.” A large amount of value […]

Fidelity Bank targets $250m Nigeria, UK businesses' deal
Banking

Fidelity Bank reports highest earnings per share on NGX H1 2023

Fidelity Bank Plc has been named the firm with the greatest earnings per share on the Nigerian Exchange Limited for the second year in a row. According to a BusinessDay report, the firms with the highest earnings per share during the review period were Fidelity Bank, Seplat Energy, Total Energies, Okomu oil, Presco, Dangote Cement, […]

Fidelity bank
Electricity

Fidelity Bank takes over Kano, Benin, Kaduna Discos

Fidelity Bank Plc has taken over Kano, Benin and Kaduna electricity distribution companies after the bank initiated action to take over the boards of the three Discos. The Federal Government announced the takeover on Tuesday night. Also, the government through its Bureau of Public Enterprises, announced that with the takeover of Ibadan Disco by the […]

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