“This successful transaction will enable us to continue delivering value to our stakeholders while also contributing to the growth and development of the economy.”
The financial services giant also reported an impairment charge of ₦56 billion for Q1 2024, up from ₦8 billion recorded in Q1 2023.
The increase in gross earnings is primarily due to growth in interest and non-interest income. Interest income increased by 112% from NGN540 billion in 2022 to NGN1.1 trillion in 2023.
Fidelity Bank says its board of directors has extended the tenure of its chief executive officer, Nneka Onyeali-Ikpe, to 2026.
The All-Share Index shed 0.33 per cent or 334.62 points to close at 101,707.70, compared with 102,042.32 posted on Monday.
The top financial institution presented its impressive results to the Nigerian Exchange (NGX).
The appointment, which was swiftly ratified by the central bank, is effective today.
For the fourth consecutive year, Zenith Bank Plc has been named the Best Corporate Governance ‘Financial Services’ Africa 2023 by the Ethical Boardroom.
The gain made the market capitalisation to close at N27.358 trillion from N27.276 trillion recorded on Thursday.
Following an appreciation of 1.34 per cent, the Naira exchanged at N430 to the dollar.
