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Fidelity Bank: Fresh capital for growth, global expansion
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Assessing Uzoka s Performance as UBA GMD – THISDAYLIVE
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Fidelity Bank shareholders approve 22 Kobo dividend for 2020 -
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Fidelity Bank targets Tier 1 by 2025 â Onyeali-Ikpe
By Chinyere Joel-Nwokeoma
Lagos, April 30, 2021 The Managing Director of Fidelity Bank Plc, Mrs Nneka Onyeali-Ikpe, said that the top priority during her tenure would be to ensure the bankâs emergence as a Tier 1 financial institution by 2025.
Onyeali-Ikpe disclosed this on the sidelines of the bankâs 33rd Annual General Meeting (AGM) in Lagos on Friday.
She said that the bank was also targeting to achieve 7.5 per cent of the market share in total deposit by 2025.
Onyeali-Ikpe said that the bank would achieve the targets through digitisation of processes and innovation.
âWe will digitalise our processes; ensure that we have a strong staff welfare by taking care of our employees.
Shareholders task CBN on insider-related credit policies
On
CBN
Shareholders of First Bank of Nigeria Ltd. have tasked the Central Bank of Nigeria (CBN) on policies that would guard against insider-related borrowings by bank directors in the industry.
They disclosed this in an interview with Newsmenon Friday in Lagos, while reacting to the apex bank’s action on FirstBank.
Dr Farouk Umar, President, Association for the Advancement of the Rights of Nigeria Shareholders said that 90 per cent cause of bank failure was due to non-performing loans related to insider credit.
Umar said the apex bank should come up with policies that would prevent directors from borrowing from the banks they acted as directors in order to protect shareholders and depositors.