No fewer than 500 Small and Medium operators across the country have benefitted from the Central Bank of Nigeria (CBN) ₦220 billion Micro, Small and Medium Enterprises Development Fund (MSMEDF), as Fidelity Bank Plc says it has disbursed the sum of ₦2.5 billion to operators in the sector. Mr Nnamdi Okonkwo, the bank’s Managing Director/ […]
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Fidelity Bank Plc is collaborating with Nigerian Conservation Foundation (NCF) and Lagos State Government (LASG) to promote environmental conservation and sustainable development in Nigeria. Speaking at the 2017 edition of the annual ‘Walk for Nature’ (WFN) event held in Marina, Lagos, the bank’s Managing Director/Chief Executive Officer, Nnamdi Okonkwo, emphasised the need for increased collaboration […]
Read More Nigeria’s Fidelity Bank has taken a 5 percent impairment charge on a ₦17.3 billion ($55 million) loan to Etisalat Nigeria, now called 9mobile, Fidelity Chief Executive Nnamdi Okonkwo said on Wednesday, in line with a Central Bank of Nigeria (CBN) request. Etisalat Nigeria took out a $1.2 billion syndicated loan from a group of 13 […]
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Leading Nigerian lender, Fidelity Bank Plc, has posted another impressive financial performance for the nine months period ended September 30, 2017. The bank said its gross earnings grew by 17.9 per cent to ₦130.1 billion, from ₦110.3 billion reported in the same period in 2016 while profit before tax rose by 65.1 per cent, from […]
Read More Fidelity Bank Plc has announced its emergence as the ‘Most Improved in Corporate/Investment Banking’ and ‘Best Bank in Mobile Money Services’. The lender said in a statement on Thursday that it clinched the two awards at the 2017 BusinessDay Banking Awards in Lagos. It said the conferment of the awards was in recognition of its […]
Read More Fidelity Bank Plc, on October 11, 2017, priced a successful $400 million five-year Eurobond with a 10.50 per cent coupon in what is the largest combined new issue and liability management offering ever by a Nigerian issuer. Citigroup Incorporated, Renaissance Capital and Standard Bank Group Limited managed the deal, which included an any-and-all cash tender […]
Read More Fidelity Bank Plc will today pay out about $258.06 million to settle a $255.5 million debt buy back after the commercial bank successfully recalled more than 85 per cent of its outstanding $300 million notes due in May 2018 for early redemption. According to a schedule by the bank, it will today pay $1,010 for […]
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Chairman of Fidelity Bank Plc, Mr. Ernest Ebi, has advocated a fundamental transformation of the country’s economy through a broad range of policy measures that can put the economy on strong foundation for sustainable growth and development. Ebi spoke recently in Ede, Osun State, while delivering the 9th convocation lecture of Redeemer’s University entitled “Negotiating […]
Read More LAGOS (Reuters) – Nigeria’s Fidelity Bank Plc has offered to buy back $300 million of debt and intends to issue new notes, aiming to extend the maturity of its debt profile, it said on Thursday. The $300 million of debt, with an interest rate of 6.875 percent, is due to mature 9 May 2018, Fidelity […]
Read More The Nigeria’s Central Bank, CBN have urged Nigerians to key into the export initiatives being promoted by Fidelity Bank in conjunction with the Nigeria Export Promotion Council (NEPC) and Lagos Business School (LBS). According to its Deputy Director, Development Finance, Dr. Adebisi Adeleke, who gave the charge Wednesday in Lagos at a press briefing to […]
Read More Fidelity Bank Plc, is set to celebrate the first anniversary of its highly regarded Export Management Programme (EMP). Launched in 2016, the EMP is a sector focused capacity building programme run by the Bank in partnership with the Pan-Atlantic University and the Nigerian Export Promotions Council (NEPC), to deliver impactful, world-class export management education to […]
Read More Fidelity Bank Plc will be celebrating the first anniversary of its highly regarded Export Management Programme (EMP). Launched in 2016, the EMP is a sector focused capacity building programme run by Fidelity Bank in partnership with the Pan-Atlantic University and the Nigerian Export Promotions Council (NEPC), to deliver impactful, world-class export management education to aspiring […]
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