After Fidelity Bank, Access Holdings recorded the highest turnover in the market with 93.067 million shares. It was followed by UBA, which recorded a 2.86% gain and a turnover volume of 58.726 million shares.
Browsing: Fidelity Bank
“Fidelity’s IDRs are driven by its standalone creditworthiness, as expressed by its Viability Rating (VR) of ‘b-‘. The VR balances the concentration of operations in Nigeria’s challenging operating environment, high credit concentration and high Stage 2 loans against a growing franchise, sound profitability metrics, good capital buffers and reasonable foreign-currency (FC) liquidity coverage.
Afreximbank said it has disbursed 40 million dollars Intra-African Investment Facility to Fidelity Bank Nigeria Plc to support Fidelity Bank’s acquisition and recapitalisation of Union Bank United Kingdom.
The statement further said that under the rights issue, 3,200,000,000 ordinary shares of 50 kobo each will be offered in the ratio of 1 new ordinary share for every 10 ordinary shares held as of 05 January 2024, at ₦9.25 per share, while for the Public Offer, 10,000,000,000 ordinary shares of 50 kobo each will be offered to the general investing public at ₦9.75 per share.
The bank complies with the highest corporate governance standards; as the leading commercial bank, it adheres promptly to all full disclosure requirements and global best practices.
ASHENEWS reports that Fidelity Bank PLC has distributed food packs to vulnerable residents in Keffi, Nasarawa state as part of its Corporate Social Responsibility (CSR).
The “buy” rating, according to analysts, implies that “the expected total return over the next 12 months is 25 per cent or more. Investors are advised to take positions at the prevailing market price as at the report date”.
“One of the major problem in the country now is food. People are hungry and it is difficult to pursue dreams and aspirations.
“We closed the financial year with strong double-digit growth across key income and balance-sheet lines. Our performance in 2023 is an attestation of our capacity to deliver superior returns to shareholders despite the difficulties in our operating environment.
Here’s a guide on how to link NIN or BVN to First Bank, Fidelity Bank, Opay & other banks and fintech companies in Nigeria.