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...
By Jemimah Wellington, JKNMedia Reporter WITH A staggering turnover of approximately 605.257 million shares, Fidelity Bank has emerged as the most actively traded stock on the Nigerian Exchange (NGX). On Monday, June 10, 2024, the bank’s stock witnessed a significant surge, appreciating by 6.52% to close at N9.80. Also, the bank’s recent...
By Joke Kujenya WITH A STABLE outlook, Fidelity Bank PLC has received a significant boost as Fitch Ratings revised its Long-Term Issuer Default Rating (IDR) stance to Positive from Stable, affirming its rating at ‘B-‘. The bank’s National Long-Term Rating was also affirmed at ‘A(nga)’. In a statement released on F...
By Ajibola Olaide, JKNMedia Reporter PLANS HAVE been finalized by the Fidelity Bank Plc to secure up to ₦127.1 billion through a combined Rights Issue and Public Offer, aiming to bolster its share capital base in line with the Central Bank of Nigeria (CBN)’s revised minimum capital requirements for commercial banks. This strategic move, accord...
By Joke Kujenya RECAPITALIZATION INITIATIVE by Fidelity Bank Plc has received overwhelming support from shareholders, reflecting confidence in the bank’s consistent performance and future potential. At a recent meeting, shareholders under Nigeria’s leading shareholders’ associations expressed their readiness to fully back the...
By Jemimah Wellington, JKNMedia Reporter THE Nigerian Exchange Limited (NGX) made waves in July 2023 when it announced the reclassification of Fidelity Bank Plc from a small-price stock to a medium-price stock. This move stirred the interest of financial analysts who speculated that the bank’s path to Tier 1 status might be closer than anticip...
