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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Fidelity Bank grants loans to staff at 3.5% but lends to manufacturers at 36%

FIDELITY Bank, one of Nigeria’s tier-11 banks, is granting loans to its staff at 3.5 percent interest rate while lending credit facilities to manufacturers at 36 percent. According to the Fidelity Bank’s 2024 full-year financial statement, its staff owed the bank N14.698 in loans and advances as of December 2024 and they got them at […]

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Apr 26, 2024 post

Fidelity Bank sees 3,079 fraud incidents, faces 65 cases in court

FIDELITY Bank faced 3,079 fraud incidents in the 2023 financial year. The lender also had 65 litigations in various courts of the land in 2023, according to the bank’s full-year financial statement for the year ended December 31, 2023. The number of fraud incidents reported by the end of 2023 represents a 22.28 percent growth […]