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Fidelity Bank, also known as Fidelity Bank Plc., is a commercial bank in Nigeria headquartered in Victoria Island, Lagos. It is licensed as a commercial bank with international authorization, by the Central Bank of Nigeria (CBN), the central bank and national banking regulator.
As of December 2012, the bank was a medium-sized, financial services provider in Nigeria. At that time, the bank's total assets were valued at US$88.8 million (NGN:14.1 billion), with shareholders' equity of about US$63.6 million (NGN:10.1 billion). [4]
First Bank of Nigeria: Banking 1,070 10 Stanbic IBTC Holdings: Finance 1,064 11 Lafarge Africa: Cement 918 12 Access Holdings: Finance 833 13 Nigerian Breweries: Agroindustry 890 14 United Bank for Africa: Finance 633 15 Ecobank: Banking 529 16 Dangote Sugar Refinery: Agroindustry 467 17 Union Bank of Nigeria: Banking 431 18 Guinness Nigeria ...
Africa Finance Corporation (AFC) was launched in December, 2007 by the founding President and Chief Executive Mr Austine Ometoruwa, then Citibank Africa Investment Bank Head and by the founding Chairman Chukwuma Soludo, then governor of the Central Bank of Nigeria (CBN), with US$2 billion of authorised share capital.
In March 1998, Access Bank changed its legal status and became a public limited company and in the same year, on 18 November, entered the Nigeria Stock Exchange. In 2002, Aigboje Aig-Imoukhuede was appointed managing director and Herbert Wigwe, Deputy Managing Director, with the mandate of raising the bank from 65th place to the top 10 in 2007.
First City Monument Bank: Financial Services 16.0% Lagos, Nigeria 10 Flamingo Holdings Horticulture: 8.5% Nairobi, Kenya 11 Helios Towers Limited Telecommunication 28.6% London, United Kingdom 12 Helios Towers Nigeria Limited Telecommunication 22.5% Lagos, Nigeria 13 Impact Oil & Gas Limited Oil and Gas 13.6% Woking, United Kingdom 14
The Bank was awarded Retail Bank of the Year at the African Industrial and Development Conference and Awards (AIDCA) in 2024. [10] It got the Nigeria’s Most Innovative Retail Bank of the year, and the Africa’s Best Customer Service Provider respectively in 2018 at the International Bankers' Award Ceremony. [11]
GTCO Plc's reorganisation means it will now offer more services beyond banking; with a payments business being top of mind for the group. [3] Under its old structure, it could not have run non-lending businesses because a 2010 regulation [4] by the Central Bank of Nigeria (CBN) mandated banks to stop operating their non-banking subsidiaries ...