By JKNewsMedia FIDELITY BANK has posted an extraordinary 210% growth in Profit Before Tax (PBT), reaching N385.2 billion for the 2024 financial year. Gross earnings surged by 87.7% to N1.043 trillion, fueled by a 106.9% rise in interest income to N950.6 billion. The bank, in a statement, says this was driven by stronger yields on […]
By Jemimah Wellington, JKNewsMedia Reporter A RENEWED push to strengthen Nigeria’s non-oil export sector has gained momentum with the successful hosting of the 18th edition of the Export Management Programme (EMP 18). Organised by Fidelity Bank Plc, the capacity development initiative in Lagos provided entrepreneurs with the necessary experti...
By JKNewsMedia RISING INVESTOR confidence and increased market participation have driven Fidelity Bank’s stock to a significant 20% rise on the Nigerian Stock Exchange. By mid-September, the bank’s shares exceeded the N13 mark. This follows a major fundraising initiative that saw strong demand for both its Public Offer and Rights Issue. ...
By Jemimah Wellington, JKNewsMedia Reporter MATERNITY KITS have been donated to expectant mothers in Aiyetoro, Yaba, :agos, by the Fidelity Bank as part of its Corporate Social Responsibility (CSR) efforts. The initiative, under the Fidelity Helping Hands Programme (FHHP), aims to ease the financial burden on pregnant women in underserved comm...
By Ajibola Olaide, JKNewsMedia Reporter RECOGNIZING THE growing need for women entrepreneurs to adapt to modern technological advancements, Fidelity Bank Plc has partnered with ImpactHER to provide free training on digital and Artificial Intelligence (AI) skills. This initiative, aimed at empowering women in business, took place from August 19...
By Jemimah Wellington, JKNMedia Reporter SETTING A new standard within the Nigerian banking sector, Fidelity Bank Plc has become the first financial institution in the country to publish its 2023 ISSB-Compliant Sustainability and Climate Report. This report, made available on June 30, 2024, via the bank’s official website, details key as...
By Jemimah Wellington, JKNMedia Reporter OVER THE weekend, the Africa Technology Expo (ATE 2024) saw a convergence of innovators and entrepreneurs showcasing their technological prowess. The event which held at Landmark Event Center in Victoria Island, Lagos, highlighted the increasing potential of African businesses in the tech industry, offe...
By Ajibola Olaide, JKNMedia Reporter THE INVESTING public has shown resonant support for Fidelity Bank Plc’s N127.1 billion combined rights and public offers, reflecting confidence in the bank’s impressive growth and investor-friendly track record. Stakeholders from the Nigerian Exchange (NGX), stockbrokers, and investors have all lauded the m...
By Jemimah Wellington, JKNMedia Reporter SET TO OPEN its public offer and rights issue on Thursday, June 20, Fidelity Bank Plc, has disclosed its intentions to raise up to N127.1 billion, combining a rights issue for existing shareholders and a public offer for new investors. Being Nigeria’s sixth-largest bank, it says the rights issue will [&...
By JKNMedia A WAVE OF misinformation is noted to have been sweeping through Nigeria’s banking sector following the Central Bank of Nigeria’s (CBN) revocation of Heritage Bank Plc’s license on June 3, 2024. This targeted campaign seeks to undermine Fidelity Bank Plc, a financial institution known for its stability and sound financia...
