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WorldStage Newsonline– Fidelity Bank Plc has released its Interim statement of profit or loss and other comprehensive income for the period ended 30 September 2022 with 61.7% rise in profit in last three months to N11.652 billion from N 7.206 billion in Q3 2021.
Fidelity Bank grows profit by 31.86% to N34.959b in nine months 2022 Read More
WorldStage Newsonline—Trading on the Nigerian Exchange Ltd. (NGX) declined further on Wednesday as market capitalisation depreciated by N570 billion or 2.31 per cent, to close at N24.139 trillion from N24.709 trillion on Tuesday.
NGX index down 2.31%, as Fidelity Bank, Jaiz Bank, Mutual Benefits lead gainers Read More WorldStage Newsonline– Fidelity Bank Plc has entered into a binding agreement for the acquisition of 100% equity stake in Union Bank UK Plc.
Fidelity Bank proposes 100% acquisition of Union Bank UK Read More
WorldStage Newsonline– Nigeria’s National Council on Privatisation (NCP) has shed more light on the change of board of various electricity distributing companies (DISCOs) across the country following a suit between Vigeo Power Limited and Fidelity Bank Plc and seven others over the board composition of Benin Electricity Distribution Company (BEDC).
Nigeria: NCP explains status of DISCOs, as Vigeo Power obtains Interim Order against Fidelity Bank, others over board Read More WorldStage Newsonline– The Bureau of Public Enterprises (BPE) has cleared the air on the controversy concerning the recent restructuring following the collateralisation of the shares of some Electricity Distribution Companies (DISCOs), saying the action of the lenders’ consortium of AFREXIM Bank, Keystone Bank, Stanbic IBTC, Fidelity Bank was contractual and legal.
DISCOs: Lenders’ consortium of AFREXIM Bank, Keystone Bank, Stanbic IBTC, Fidelity Bank to sell majority interest to competent private investors Read MoreWorldStage Newsonline– The Management of the Benin Electricity Distribution Company (BEDC) says Fidelity Bank lacks legal authority to take over the company.
BEDC rejects takeover move by Fidelity Bank Read MoreWorldStage Newsonline– The Minister of Power, Mr Abubakar Aliyu has reacted to the plan by Fidelity Bank to take over the boards of Kano, Benin and Kaduna Distribution Companies (DISCOs) and to collateralise their shares, saying the ministry will ensure that the changes in corporate governance do not impact on the service and stability of the Distribution Companies (DisCos).
Nigeria: FG reacts to Fidelity Bank takeover of three DISCOs, says we’ll ensure changes don’t disrupt service Read More
WorldStage Newsonline– Fidelity Bank Plc has released its condensed unaudited financial statements for the first quarter ended 31 March 2022 with 0.78% drop in profit for the period N9.515 billion from N 9.590 billion in Q1 2021.
Fidelity Bank records 0.78% drop in profit to N9.5b in Q1 2022 despite 29.4% revenue growth Read MoreWorldStage Newsonline– The Nigerian Exchange (NGX) All-Share Index picked up from Thursday’s 48,223.86 points, rising by 0.49 per cent to close at 48,459.65 points on Friday.
NGX index up 0.49%, as Oando, WAPCO, Zenith Bank, Fidelity Bank add weight Read MoreWorldStage Newsonline– Trading on the Nigerian Exchange Ltd., (NGX) on Wednesday closed positive, following price gains in blue-chip stocks, especially Guaranty Trust Holding Company (GTCO), Sterling Bank, Fidelity Bank and Conoil.
NGX index up 0.02%, as GTCO, Sterling Bank, Fidelity Bank add weight Read More