The Nigeria Deposit Insurance Corporation (NDIC) has significantly shifted its approach to handling failed banks, marking a crucial step towards reducing the risks of moral hazard in the country’s financial sector. This shift is particularly evident in the recent liquidation of Heritage Bank and other recent failures, such as Aso Savings and Loans and Union …
Fidelity Bank Plc said it has met the ₦500 billion capital requirement for an internationally licensed bank and is now awaiting approval from the Central Bank of Nigeria (CBN). The bank made this known in a statement on Tuesday, January 6, signed by its Company Secretary, Ezinwa Unuigboje. It hinted that following approvals from the …
Fidelity Bank Plc has appointed Amaka Onwughalu as non-executive director and chairman of its board, following the completion of Mustafa Chike-Obi’s tenure. The bank announced this to the investing public on Friday, January 2, noting that Chike-Obi's tenure ended on December 31, 2025. "The Board has approved the retirement, which is in accordance with the …
