Tag: Fidelity Bank
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Disco vows to resist takeover by Fidelity Bank
The Benin Electricity Distribution Company has said that there is no legal basis for the takeover of the company following the purported activation of the call on its collateralised shares by Fidelity Bank. The company disclosed that all matters relating to the BEDC and Fidelity Bank were subjects for litigation before a competent court, adding…
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Five Nigerian Banks Fined N1.4bn for Forex Infractions, Others
Five Nigerian banks have paid a sum total of N1.4 billion to financial regulatory bodies including the Central Bank of Nigeria, Security Exchange Council and Financial Reporting Council of Nigeria as penalty in the first half of 2021. The banks are Fidelity Bank, United Bank of Africa (UBA), Guarantee Trust Bank (GTB), Access Bank and…
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Fidelity Bank Reports 72.4% Profit in Half Year Balance
Fidelity Bank Plc has announced a profit before tax of N20.6 billion for half year ended June 31, 2021. The announcement established the sharp increase from N12 billion reported in half year ended June 30, 2020 to the current N20.6 billion realized this year half. Following closely the audited results at the Nigeria Exchange Limited…