BUSINESS

How N5bn Bond Bail Signed by Fidelity Boss was Confused as Bribe

Daily Dispatch June 17, 2025

Fidelity Bank has dismissed reports alleging that its Managing Director (MD) paid N5 billion in bribes to avoid detention by the police. In a statement released on Monday, the bank explained that the MD was asked to sign a N5 billion bail bond as part of a police investigation into a matter

BUSINESS

(Press Release) RE: Clarification of N5Billion Bail Bond Signed by Fidelity Bank MD

Daily Dispatch June 16, 2025

Our attention has been drawn to a publication on Sahara Reporters website titled, “Fidelity Bank MD Onyeali-Ikpe Confesses to Paying ₦5Billion To Avoid Police Detention Amid Over ₦19Billion Fraud Probe”. We would like to categorically state this story is patently false and has been maliciously written to deceive the public into believing that a N5billion […]

NEWS

Fidelity Bank ED, Kevin Ugwuoke takes over as President of Risk Managers Association

Daily Dispatch June 15, 2025

Kevin Ugwuoke, Executive Director and Chief Risk Officer of Fidelity Bank Plc, has formally assumed office as President of the Chartered Risk Management Institute of Nigeria (CRMI). His leadership promises a reform-focused era anchored on policy advocacy, ethical standards, and digital innovation to deepen risk governance across sectors in the country.Speaking during the

NEWS

FG Explains Withdrawal of Charges Against Fidelity Bank MD

Daily Dispatch June 9, 2025

The Office of the Attorney General of the Federation and Minister of Justice has provided reasons for the federal government’s decision to withdraw criminal charges against Mrs. Nneka Onyeali-Ikpe, Managing Director and Chief Executive Officer of Fidelity Bank PLC. In a statement released on Monday, Kamarudeen Ogundele, Special Assistant to the President on Communication

NEWS

Fidelity Bank brings relief to Rivers State community with food bank initiative

Daily Dispatch June 5, 2025

In a strong demonstration of its commitment to community development and poverty alleviation, leading financial institution, Fidelity Bank Plc has donated food packs to over 1,500 individuals in Ihie Town, Etche Local Government Area of Rivers State, through its Food Bank initiative. Speaking at the donation event, the Regional Bank Head, Rivers/Bayelsa 1 & South […]

BUSINESS

Fitch Upgrades Fidelity Bank’s National Rating to ‘A+(nga)’, Affirms Long-Term IDR at ‘B’

Daily Dispatch June 2, 2025

Global credit rating agency, Fitch Ratings, has affirmed Fidelity Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ and upgraded its National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’. The upgrade, announced on May 29, 2025, reflects the bank’s strengthened capital buffers and improved profitability, signaling continued positive momentum in its performance.