The partnership gives Fidelity access to offer friendly interest rate loans to MSMEs referred by SMEDAN, supporting finance, training, and market access for entrepreneurs.
“We urge the public to disregard sensational or unverified claims and rely solely on official channels for information about the financial system,” the apex bank said.
The bank is in talks with Sagecom to hammer out a repayment plan, but the urgency stipulated in the ruling could hamper its ability to spread out the liability without going under.
According to her, the total customer deposits crossed the N4 trillion mark, as deposits grew by 55.6 per cent from N2.6 trillion in 2022.
Fidelity Bank says its board of directors has extended the tenure of its chief executive officer, Nneka Onyeali-Ikpe, to 2026.
“This is a landmark bond issuance; it is by far the largest local bond transaction by any commercial bank in Nigeria.”
