As part of this capital raising process, Fidelity Bank will on the same day at the NGX hold a Facts Behind the Offer presentation.
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As a result, Fidelity Bank is awarded CG+, the highest rank under the Corporate Governance Rating System (CGRS), which screens quoted companies against prescribed best practices and standards.
This was made known in the Bank’s unaudited financial statements released on the issuer portal of the Nigerian Exchange on Tuesday.
Leading financial institution, Fidelity Bank Plc hosted a broad range of businesses, regulators, members of the diplomatic corps and other guests to the opening ceremony in Houston, Texas, United States of America.
The results showed a 34.4 per cent growth in Gross Earnings YoY to N337.1 billion, driven by 45.2% growth in interest and similar income to N295.6 billion.
The Chief Magistrate, Lateef Owolabi vacated the order in a Suit No: MIK/4726/22 between Justin Ahmed, (judgement creditor), Prince Enabulele Osazee, (judgement debtor) and Fidelity Bank Plc, (1st Garnishee/Applicant).
This was made known in Fidelity Bank’s unaudited statement of account presented to the Nigerian Exchange
The was confirmed by the spokesman of the Lagos State Police Command, Benjamin Hundeyin, on Wednesday.
In a corporate filing at the Nigerian Exchange Ltd. (NGX) on Tuesday, the bank said the Central Bank of Nigeria (CBN) had issued ‘No Objection’ to its proposed acquisition of the bank, which commenced London operations in 1983.
This year’s edition, underlined by leading financial institution, Fidelity Bank Plc, had over 50 million on and off site audience.
The development was confirmed by the spokesperson of the anti-graft agency, Wilson Uwujaren, on Wednesday.
Details of the nine months results for the period ended September 30, 2021 was released by the bank on Tuesday.
The court gave the order on Friday following a plea by the state government over inability to pay workers’ salaries.
Okonkwo’s appointment takes effect from January 1, 2022.
Every year, Citigroup, a leading global bank headquartered in New York and present in more than 160 countries, rewards a select number of banks and financial institutions that showcase the highest rates of efficiency in terms of foreign currency payments. Essentially, STP refers to transactions processed diligently and without human intervention – which results in a more cost-effective and timely process. Fidelity Bank, which has consistently won the award for several years, successfully achieved an STP rate of 99% for 2020.
The bank’s Managing Director, Nneka Onyeali-Ikpe, said this in a statement made available to the News Agency of Nigeria on Wednesday in Lagos.
Fidelity Bank PLC, is working assiduously to address this having recognised the need long before the COVID-19 pandemic
Launched in 2016, the EMP is targeted at preparing participants for real-time experiences in the international non-oil export markets and the broader export market at large.
The bank disclosed this in a statement on Monday following several media reports on the issue.
Onyeali-Ikpe disclosed this on the sidelines of the bank’s 33rd Annual General Meeting in Lagos on Friday.