When the management of the Nigerian Exchange Limited (NGX) announced last July that it was reclassifying Fidelity Bank Plc from small-price stock to medium-price stock, financial analysts concluded that the road to attaining Tier 1 status by the bank is closer than ever imagined. In full year 2022, the bank briefly fell into the Tier 1 category and saw the …

Fidelity Bank Plc has commended Air Peace’s performance since it commenced flight operations about 10 years ago. During a special event organised for the airline by the bank to celebrate Air Peace for the milestone of commencement of direct flights from Lagos to London over the weekend in Lagos, Managing Director of Fidelity Bank Plc, Dr. Nneka Onyeali-Ikpe said the …

Leading financial institution, Fidelity Bank Plc has released its 2023 full year Audited Financial Statements, reporting a 131.5 per cent growth in Profit Before Tax to N 124,26 billion. According to the results, which was issued to the Nigerian Exchange (NGX) on Tuesday, the bank grew Gross Earnings by 64.9 per cent YoY to N555.83 billion, driven by 81.6 per …

In what has been termed a significant milestone in the advancement of Nigeria’s domestic gas industry and the generation of gas revenues, Temile Development Company Limited – a key indigenous player in the oil and gas industry – recently commissioned a 23,000 cubic meters ultramodern Liquefied Petroleum Gas (LPG) carrier. Named ‘Alfred Temile 10’, the vessel was part-financed by leading …

As part of its Corporate Social Responsibility (CSR) initiatives to empower Nigerian youths with quality education, leading financial institution, Fidelity Bank Plc has launched a creative writing competition for secondary school students dubbed ‘Read2Lead’. At the end of the three-stage competition, the star prize winner would go home with N2 million cash, a book publishing deal worth N2 million and …

In line with its commitment to provide lifestyle banking solutions and memorable experiences for its customers, leading financial institution, Fidelity Bank Plc recently hosted customers to two fun-filled days in commemoration of the Yuletide. Tagged the Fidelity Family Weekend (FFW), the event saw the bank host over 10,000 guests at the Fidelity Grounds, Oniru, Lagos to a carnival-like atmosphere on …

Fidelity Bank has been listed as one of most capitalised banks in Nigeria based on Q3 2023 financial results. According to an article published in THISDAY newspapers, the bank reported a capital base of N410.75 billion as of September 2023, as against N314.3 billion in 2022. Also featuring on the list are Zenith Bank, UBA, First Bank, Access Holdings, First …

Fidelity Bank signs UN Principles for Responsible Banking Fidelity Bank Plc has become an official signatory of the UN Principles for Responsible Banking (PRB) – a single framework for a sustainable banking industry developed through a collaboration between banks worldwide and the United Nations Environment Programme Finance Initiative (UNEPFI). The Principles are the leading framework for ensuring that banks’ strategy …

In the spirit of the Yuletide, leading financial institution, Fidelity Bank Plc has announced plans to host the maiden edition of the Fidelity Family Weekend. Scheduled to hold on Saturday, 16th and Sunday, 17th at the Fidelity Grounds, Oniru, Victoria Island, Lagos, the event is designed to create a fun and a relaxed atmosphere for children to play, parents to …

Fidelity Bank Plc’s leadership in the exports space has once again been reaffirmed with the bank’s emergence as the Export Finance Bank of the Year at the BusinessDay and Other Financial Institutions’(BAFI) Awards 2023. The bank was presented the award at a prestigious dinner last Saturday at Lagos Continental Hotel, Victoria Island, Lagos. A statement by BusinessDay Media Limited, the …