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FIDELITY BANK PLC
The Central Bank of Nigeria (CBN) has imposed fines of N150 million each on nine Deposit Money Banks (DMBs) for failing to dispense cash via Automated Teller Machines (ATMs) during the festive season.
On Wednesday, Fidelity Bank briefly surpassed the N17 mark during trading, maintaining its upward trend that has gained momentum in September, before closing at N15.35.
Fidelity Bank Plc was the most active stock on Monday, 10 June 2024 at the Nigerian stock market as a strong positive sentiment led Nigerian equities to a net capital gain of N324 billion in the first trading session of the week.
Fidelity Bank Plc has concluded all necessary arrangements to raise a total of up to N127,100,000,000.00 (One Hundred Twenty-Seven Billion, One Hundred Million Naira) by way of a Rights Issue to existing shareholders and a Public Offer (the “Combined Offer”).
Investors in Fidelity Bank Plc have earned about 406% in capital gains over the past five years, ranking above all other major return benchmarks in the Nigerian stock market and the entire banking sector.
Fidelity Bank Plc have endorsed the recommendation of board of directors for a final dividend of N19.2 billion for the financial year 2023.
Fidelity Bank Plc posted a net income of N99.45 billion in FY 2023, according to the bank’s audited financial statements for 2023. This marks a 113% growth from the N46.72 billion PAT posted in 2022.
Fidelity Bank Plc has announced its Board of Directors’ decision to extend the employment contract of its GMD/CEO, Dr. Nneka Onyeali-Ikpe, from 2024 to 2026.
Fidelity Bank Plc has through its Stockbrokers, APT Securities & Funds Limited, submitted an application to Nigerian Exchange Limited for the approval and listing of a Rights Issue of 3.2 billion ordinary shares of 50 kobo each at N10 per share.
The Nigerian Exchange Limited (NGX) admitted Fidelity Bank’s 3,037,414,308 ordinary shares of 50 kobo each at N4.60 of Fidelity Bank Plc on its Daily Official List.
Nigerian Exchange Limited (NGX) has announced the reclassification of Fidelity Bank Plc from small-price stock to medium-price stock.
Fidelity Bank Plc stock gained 10% on Friday, July 21st, 2023, as Investors react positively to the share capital raise offer.