Fidelity Bank Plc (“the Bank”) refers to the recent circular issued by the Central Bank of Nigeria “CBN” (Reference No. BSD/DIR/CON/LAB/018/008) concerning regulatory forbearance on SingleObligor Limit (SOL) and other credit facilities and wishes to provide the clarifications below to its esteemed shareholders, NGX Regulation Limited (NGX RegCo), and other stakeholders:(a) As a responsible financial organization, Fidelity Bank Plc remains committed to ensuring compliance with regulatory policies and directives, including the CBN circular on forbearance which is aimed at strengthening capital buffers and enhancing financial prudence within the banking industry.(b) In terms of Capital, the Bank successfully raised ₦273 billion…
Author: Oluwatoyin Mathnuel
As part of efforts to prevent any breakdown of law and order as a result of the INEC ward delineation exercise in Warri and the need to enhance peace, safety and security in Warri, Delta State, the Assistant Inspector-General of Police Zone 5 Headquarters, Benin City, AIG Salman-Dogo Garba, psc, conveyed a security meeting with stakeholders from Warri and environs, the meeting was held at the office of the AIG Zone 5 Benin on 19th June, 2025. In attendance were the AIG Zone 5 Headquarters, Benin City, the Commissioner of Police, Delta State Police Command, Asaba, CP Olufemi Abaniwonda, the…
– NUJ Marks 70 Years of Service to the Profession, Nation, and Democracy The Nigeria Union of Journalists (NUJ) will on Saturday, June 21, 2025, celebrate its 70th anniversary with a grand national event at the Shehu Musa Yar’Adua Centre in Abuja, under the theme:“Redefining Media Practice in the Age of Artificial Intelligence.” In a statement signed by the Deputy National President of the NUJ and Chairman of the Organising Committee, Dr. Abimbola Oyetunde, the Union said the occasion will not only honour its historic journey but also confront the pressing realities shaping modern journalism. “This is a celebration of…
The Lagos State House of Assembly has summoned the State Commissioner of Police, Jimoh Moshood, along with three other key government officials, over the recent surge in cult-related violence and unrest in Mushin and other parts of the state, which have led to the loss of innocent lives. Also summoned are the Commissioner for Local Government and Chieftaincy Affairs, Bolaji Robert; the Commissioner for Budget and Economic Planning, Ope George; and the Commissioner for Education, Toani Ali-Balogun. The summons followed a motion raised during Monday’s plenary session by Hon. Olayinka Kazeem, who represents Mushin Constituency II. The motion, presented under…
The Lagos State Police Command has confirmed that Pastor Paul Adefarasin, founder of the House on the Rock Church, has turned himself in for questioning over a viral video that appeared to show him holding a gun-like object during a roadside encounter. The Command, in a post shared via its official X (formerly Twitter) account on Tuesday, stated, “No one is above the law! “Pastor Paul Adefarasin has turned himself in at the Lagos State Police Command Headquarters, Ikeja and is currently being interrogated by detectives who have commenced investigation on the case since a video surfaced online showing the…
Written By Adebola Olowu Politicians, government bodies, and security operatives continue to prove that they are not concerned about the well-being of the people they serve because how can you describe a situation where they clearly saw what was coming and chose to ignore? A report by The PUNCH revealed that at least 45 people were confirmed dead in Guma Local Government Area of Benue State, with local leaders claiming the true figure could be more than 200, including security officers and entire families burned alive. As a result of these incessant killings, the Benue state populace hit the streets…
By Shade Adetola A few days ago, there was a form of uprising within the All Progressive Congress (APC) in the north eastern region because President Tinubu was endorsed for a second term without his vice president, Kashim Shettima. Some youths disrupted a meeting, stating that they would cause a serious crisis if President Tinubu dumps Shettima as his running mate in 2027. While President Tinubu has not made any statement regarding his vice president’s fate in 2027, there have been rumours that he may want to change his running mate for his second term ambition for reasons yet to…
Photo L-R: Branch Leader, Minna, Fidelity Bank Plc, Mustapha Abubakar; Her Excellency, First Lady of Niger State, Hajiya Fatima Umaru Bago; and the CEO, ABBASID (a Fidelity Food Bank partner), Hajiya Hauwa Abbas; at the Fidelity Food Bank Distribution in Mokwa, Niger State recently. In a swift response to the recent flood that tragically displaced many families in Mokwa, Niger State, Fidelity Bank Plc has donated food packs to over 1,500 affected residents through its Food Bank Initiative. The Fidelity Food Bank Initiative is a humanitarian outreach designed to help vulnerable communities across Nigeria. Through partnerships and collaboration with its…
In a significant boost to Nigeria’s crude oil production and export capabilities, leading financial institution Fidelity Bank Plc has facilitated the construction of the country’s first privately built and operated onshore crude export terminal in over 50 years. The terminal, located at the Otakikpo Marginal Field in Rivers State and operated by Green Energy International Limited (GEIL), successfully exported its first crude oil cargo at 2pm on Sunday, June 8, 2025, when a Shell-chartered vessel lifted the maiden shipment — marking a key milestone in the nation’s oil and gas industry. Commenting on Fidelity Bank’s role in making the project…
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 involving the account of a customer, Woobs Resources Limited. The bank described the reports — particularly a story by Sahara Reporters — as false and mischievous, meant to mislead the public into believing a bribe was paid. “The police invited the MD during their investigation into a complaint…