By St. Johnson Adegboyega Fidelity Bank Plc (“the Bank”) refers to the recent circular issued by the Central Bank of Nigeria “CBN” (Reference No. BSD/DIR/CON/LAB/018/008) concerning regulatory forbearance on Single Obligor Limit (SOL) and other credit facilities and wishes to provide the clarifications below to its esteemed shareholders, NGX Regulation Limited (NGX RegCo), and other stakeholders: (a) As a responsible financial organization, Fidelity Bank… []
— Fidelity Bank logo (File) By St. Johnson Adegboyega Our attention has been drawn to a publication on Sahara Reporters website titled, “Fidelity Bank MD Onyeali-Ikpe Confesses to Paying ₦5Billion To Avoid Police Detention Amid Over ₦19Billion Fraud Probe”. We would like to categorically state this story is patently false and has been maliciously written to deceive the public into believing that a N5billion bail… []
By St. Johnson Adegboyega L-R: Registrar/Chief Executive, Chartered Risk Management Institute of Nigeria (CRMI), Victor Olannye; Divisional Head, Risk Management Securities and Exchange Commission (SEC), Grace Abioye; Immediate Past President, CRMI, Ezekiel Oseni; President, CRMI and Executive Director/Chief Risk Officer, Fidelity Bank Plc, Kevin Ugwuoke; Director, Enterprise Risk Management, Nigeria Deposit Insurance Corporation (NDIC), Amal Haruna; and Rep. Keynote speaker, Deputy Group Management Director, United… []
— Aliko Dangote By St. Johnson Adegboyega Billionaire industrialist, and Time Magazine 100 world’s most influential philanthropists, Aliko Dangote has officially retired as Chairman of the Board of Directors of Dangote Sugar Refinery Plc, ending a 20-year tenure that shaped the company’s growth and market leadership. The announcement was made by Dangote Sugar Refinery in a statement signed by Company Secretary Temitope Hassan, confirming that… []
L-R: Team Lead, Human Resource and Business Partner East and South, Fidelity Bank Plc, Osayi Uwumarongie; Principal, Government Junior Secondary School Elekahia, Port Harcourt; Dr Ekeh Florence; Team Lead, CSR, Fidelity Bank Plc, Victoria Abuka; and Procurement Officer/Class President, Suncrest 2025 Inductees Class, Fidelity Bank Plc, Euphemia Okereafor; during the Fidelity Helping Hands Programme Donation to Government Secondary School, Port Harcourt, Rivers State recently. In… []
–– Femi Otedola, Oba Otudeko By St. Johnson Adegboyega The controversial power tussle for the control of Nigeria’s premier financial institution, First Holdco Plc, the parent company of First Bank of Nigeria, may be close to a final resolution, with major stakeholders Oba Otudeko and the Leadway Assurance/Olukayode Odukale bloc close to exiting their interests in the group. Sources close to the deal… []
— Zenith Bank Building, Lagos By St Johnson Adegboyega Zenith Bank Plc has been named “Best Bank in Nigeria” in the Global Finance Best Banks Awards 2025, winning the award for the fifth time in six years. The Bank was among winners from 36 countries in Africa recognised by the prestigious Global Finance in its 32nd Annual Best Bank Awards. The winners of this year’s… []
L-R: Mr. Wale Ogunride, Zonal Head, Lagos and South West, Unity Bank Plc; Ebehijie Momoh, Managing Director, AfriGo; Mr. Ebenezer Kolawole, Managing Director/CEO, Unity Bank Plc; and Mr. Ugo Obasi, Chief Operating Officer, AfriGo during AfriGo team’s visit to Unity Bank Head office recently. By St. Johnson Adegboyega Unity Bank Plc has reaffirmed its commitment to advancing electronic payment adoption and financial inclusion by… []
By St. Johnson Adegboyega Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has been announced as the winner of the ‘Commercial Bank of the Year’ Award at the 2025 Nairametrics Capital Market Choice Awards (NCMC Awards). The announcement was made at the prestigious awards gala held on May 23rd at the Civic Center in Lagos, where standout… []
— File photo of Union Bank logo By St. Johnson Adegboyega To deliver simpler, smarter banking solutions, Union Bank of Nigeria has partnered with the Pan-African Payment and Settlement System (PAPSS) network, a Financial Market Infrastructure that provides hassle-free and convenient cross-border money transfers to some selected African countries. This revolutionary payment solution for implementing the African Continental Free Trade Agreement (AfCFTA) is designed… []
— Dr. Nneka Onyeali-Ikpe, Managing Director/CEO of Fidelity Bank By St. Johnson Adegboyega Global credit rating agency, Fitch Ratings, has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and upgraded its National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’. The upgrade, announced on May 29, 2025, reflects the bank’s strengthened capital buffers and improved profitability, signaling continued positive momentum in its performance. According… []
— Chiderije Mbah poses with Wema Bank MD/CEO, Mr. Moruf Oseni By St. Johnson Adegboyega In a heartfelt celebration of 2025 Children’s Day, Wema Bank, Nigeria’s most innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has unveiled 12-year-old Chiderije Mbah as its One-Day Managing Director/CEO for May 27, 2025, as part of a special initiative aimed at nurturing the next generation of Nigerian… []
L-R: Kemi Nanna Nandap, Comptroller General of Immigration; Paul Usoro (SAN), Chairman, Access Bank Plc; Olubunmi Tunji-Ojo, Honourable Minister of Interior; Aigboje Aig-Imoukhuede, Chairman Access Holdings Plc; Bolaji Agbede, Acting Group Chief Executive Officer, Access Holdings Plc; and Roosevelt Ogbonna, Managing Director/Chief Executive Officer, Access Bank Plc, at Access Tower, Victoria Island, during the Guest Lecture Series hosted by Access Bank in Lagos. Hon. Dr. Olubunmi… []
–Fidelity Bank logo By St. Johnson Adegboyega In recognition of its exceptional contributions to innovative financial solutions for Micro, Small, and Medium Enterprises (MSMEs), Fidelity Bank Plc has been awarded the 2025 Development Bank of Nigeria (DBN) Innovation Award in the Deposit Money Bank (DMB) category. This prestigious accolade celebrates Fidelity Bank’s commitment to addressing the unique challenges faced by MSMEs, a vital segment in… []
— File photo of CBN office By St. Johnson Adegboyega The attention of the Central Bank of Nigeria (CBN) has been drawn to certain publications and social media reports containing misleading information regarding the operations of a regulated financial institution. The CBN wishes to categorically reassure the public, depositors, and stakeholders that the Nigerian banking sector remains resilient, safe, and sound. Like all other regulated… []
–– By Wasiu Alli Fidelity Bank Nigeria has emerged as the fastest-growing Nigerian brand as the lender’s value more than tripled, displacing Stanbic IBTC, a new report by Brand Finance, a London-based brand valuation consultancy revealed. The bank’s emergence highlights the lender’s expanding market influence and strong investor confidence as the financial institution continues to deliver value for its customers amid tough economic conditions…. []
— Managing Director and CEO, Dr. Nneka Onyeali-Ikpe By St. Johnson Adegboyega In a decisive move underscoring unwavering confidence in Fidelity Bank Plc’s resilience, Managing Director and CEO, Dr. Nneka Onyeali-Ikpe has acquired an additional 18 million shares of the bank, valued at approximately ₦366 million. According to a regulatory filing posted on the Nigerian Exchange Group (NGX) Disclosures portal, this strategic investment was executed… []
— Access Bank By St. Johnson Adegboyega Access Bank PLC has once again emerged as Nigeria’s most valuable brand, securing the top position for the fourth consecutive year in the latest “Nigeria 25 2025” ranking by Brand Finance, the world’s leading brand valuation consultancy. This achievement reaffirms Access Bank’s sustained brand leadership and its impact on the financial landscape through innovation, customer-centricity, and strategic growth…. []
By St. Johnson Adegboyega As global financial fraud surges to over $485 billion in annual losses, Access Holdings PLC is setting a new standard in Africa’s banking industry through aggressive and strategic investment in technology aimed at combating the growing threat. With Nigeria’s financial sector experiencing a spike in digital fraud, particularly through mobile and online channels, Access Holdings has emerged as a front-runner… []
— L-R: Roland Siller, Chief Executive Officer, DEG, and Roosevelt Ogbonna, Managing Director/Chief Executive Officer, Access Bank, at the signing of a USD 100 million senior loan facility to support Nigerian MSMEs, small corporates, and women-led businesses, held on the sidelines of the Africa CEO Forum in Abidjan, Côte d’Ivoire… recently. By St. Johnson Adegboyega Access Bank Plc has successfully closed a USD 100 million… []
