Fidelity Bank Plc has reported a drop in profit for the 2025 financial year, with earnings falling to ₦242.44 billion, down from ₦278.11 billion in 2024, as a large derivative loss and rising costs pressured performance. In the bank's audited results released on Monday, May 11, Fidelity Bank stated that its performance was majorly affected …
Nigeria’s banking sector is approaching a decisive moment with just 77 days to the March 31, 2026, recapitalisation deadline. So far, about 22 licensed banks, approximately 65 per cent of the total, have confirmed full compliance with the Central Bank of Nigeria’s (CBN) minimum capital requirements. Tier-1 lenders make up the bulk of banks that …
Legal expenses incurred by Fidelity Bank Plc surged to ₦30.05 billion in the second quarter (Q2) of this year, compared with ₦701 million the bank incurred in the same period in 2024, representing a 4,187.16 per cent rise. A review of the bank's audited financial statements for the period ended June 30, 2025, released on …
