The Nigerian Electricity Regulatory Commission (NERC) has hinted of its plans to sell the Kaduna Electricity Distribution Plc (KEDC), the sixth largest power distribution utility over a $130 million indebtedness. The Federal Government, through its Bureau of Public Enterprises (BPE), also owns 40% equity in the firm. A news report from Reuters indicated that the […]
Fidelity Bank Plc has notified the Nigerian Exchange Limited (NGX) on its intention to raise capital through a combination of a public offer and a rights issue. In a statement signed by the Company Secretary, Ezinwa Unuigboje, and sent to the NGX, the Tier-2 deposit money bank (DMB), indicated that the latest offer would raise […]
GIVING BACK TO OUR CUSTOMERS The Executive Director, Corporate Bank, Fidelity Bank Plc, Obaro Odeghe (5th left) receives an award on behalf of the bank from the President, Lagos Chamber of Commerce & Industry (LCCI), Babatunde Ruwase, during the bank’s Special Day on Wednesday at the 2019 Lagos International Trade Fair while beneficiaries of Fidelity […]
Four companies, namely Dangote Flour Mills, Fidelity Bank, MTN Nigeria and Obajana Agrosacks Limited have been dragged by three state governments to a Tax Appeal Tribunal (TAT) for North Central Zone sitting in Jos, Plateau State, for alleged tax evasion worth millions of Naira. The companies were sued by the governments of Benue, Kogi and […]
L-R: Father of N150,000.00 beneficiary of Fidelity Savings Loyalty Scheme (FSLS), Onyebuchi Gabriel; his wife, Ijeoma Gabriel; N150,000.00 FSLS beneficiary, Chiemere Great Gabriel; President, Lagos Chamber of Commerce and Industry (LCCI), Babatunde Ruwase; Executive Director, Shared Services and Products, Fidelity Bank Plc, Chijioke Ugochukwu; during the cheque presentation to beneficiaries of Fidelity Savings Loyalty Scheme […]