Sunday, November 28

Tag: Fidelity Bank

Banks, MTN Dispute Over USSD, Airtime Fees Deepens
Business

Banks, MTN Dispute Over USSD, Airtime Fees Deepens

There were strong indications last night that some commercial banks may have yanked off their USSD, airtime purchase, and other online services from MTN network due to the disagreement between the financial institutions and the telecommunication company on the amount to be charged. THISDAY gathered that the bank Chief Executive Officers had at a recent meeting agreed to shut down purchase of MTN services across all their channels beginning from 11 pm last night until further notice. Attempt by THISDAY to purchase airtime from GTBank last night showed that the commercial bank had removed MTN among the network its customers could purchase airtime from. However, Fidelity Bank was still offering the service as of midnight. A source close to the banks explained that the disagree...
Boy Stealing In Fidelity Bank, Lekki Caught On CCTV
Crime

Boy Stealing In Fidelity Bank, Lekki Caught On CCTV

A boy was caught on surveillance videos stealing a bag inside Fidelity Bank, Lekki. The owner of the bag said he dropped his bag inside a locker, padlocked and entered the bank but was surprised when he came out from the bank, tried his keys but it couldn't open. He was amazed to find out his bag has been stolen by a boy from his locked bank locker with the security man absent, claiming he went to eat. Reports read: "Pls Help us catch this thief and be rewarded with 250,000.. This happened this afternoon and I feel so angry and sad right now. This has never happened before and its amazing this could happen in 2019. Had to check the bank CCTV footage today to get this video. _ The first video shows me, on black n black wearing shades entering fidelity bank, admiralty way, lekki ...
How Air Peace Shocked Aviation Industry With Order For 10 New MAX 8 Planes
News

How Air Peace Shocked Aviation Industry With Order For 10 New MAX 8 Planes

  Chairman/Chief Executive Officer of Air Peace, Mr. Allen Onyema flanked by Air Peace Vice Chairman, Mrs. Alice Onyema (3rd left), Sales Director (West and Central Africa) of Boeing Commercial Airplanes, Mr. Larry Tolliver (left), US Consul General in Lagos, Mr. John Bray (2nd left), Managing Director of Fidelity Bank, Mr. Nnamdi Okonkwo (3rd right), Executive Director, Commercial and Consumer Banking of Fidelity Bank, Nneka Onyeali-Ikpe (2nd right) and Boeing Regional Director (Contracts), Mr. John Fonvielle during the signing of an agreement between Air Peace and Boeing for 10 brand new Boeing 737 MAX 8 aircraft in Lagos on Thursday   Nigeria's leading carrier, Air Peace’s order for 10 brand new 737 MAX 8 aircraft from American aircraft maker, Boeing has set the a...
Fidelity Bank Partners With WorldRemit On Instant Money Transfers
News

Fidelity Bank Partners With WorldRemit On Instant Money Transfers

WORLDRemit, a digital money transfer service, has joined forces with Fidelity Bank, for instant money transfers to four million Fidelity Bank accounts in Nigeria. The new partnership further expands WorldRemit’s footprint in the country and allows the 15 million-strong Nigerian diaspora living in over 50 countries to send money directly from their phones to recipients in Nigeria. The deal supports WorldRemit’s plan to serve 10 million customers connected to emerging markets by 2020. Commenting, Andrew Stewart, Regional Director of Africa and the Middle East at WorldRemit, said: “Nigeria remains our largest and fastest growing market in Africa, and WorldRemit’s second biggest market globally. We are delighted to be partnering with Fidelity, a leading bank in Nigeria and a major pla...
‘We’re Eager To Come Home And Invest’ – Nigerians In U.S.
News

‘We’re Eager To Come Home And Invest’ – Nigerians In U.S.

A group of accomplished Nigerian professionals in the U.S. have expressed their eagerness to come home and invest in the Nigerian economy to fast–track the development of the country. Some of the professionals who spoke at the inauguration of the Nigerians-American Business Forum at Florida, said they were determined to use their wealth of experience to develop their fatherland. They said many of them started out from Nigeria where they had free world-class education and were able to compete and succeed on the global stage, adding it is now time to give back to their country. The forum inaugurated several work groups tasked with fashioning out practicable solutions to some of the challenges currently militating against the development of the country. The infrastructur...
EFCC Arrests Patience Jonathan’s Sister At Airport
News

EFCC Arrests Patience Jonathan’s Sister At Airport

Economic and Financial Crimes Commission, EFCC, has arrested the younger sister to Patience Jonathan, the wife of the immediate past President, Goodluck Jonathan, over suspicious payments of N3bn made into her many accounts   Meanwhile the accounts, with a combined balance of N3bn, are in Skye Bank, Stanbic IBTC, Diamond Bank and Ecobank.   It was learnt that the suspect, Esther Oba, was arrested at the Nnamdi Azikiwe International Airport, Abuja, on Monday shortly after returning from Dubai with her husband and three children.   Mrs. Oba first came under the EFCC radar in 2016 when the commission was investigating Mrs. Jonathan and discovered that an account with Oba’s Bank Verification Number bearing Mrs. Jonathan signature had a balance of $429,381.87 an...
Nigerian Stocks Hit 9-Year High In Third Straight Day Of Gains
News

Nigerian Stocks Hit 9-Year High In Third Straight Day Of Gains

Nigerian stocks hit a nine-year high on Wednesday, extending gains for a third straight session. The main index rose 1.89 percent to close to 45,000 points, a level last reached in October 2008.  Nigerian stocks have gained strongly in January, extending 2017’s 42 percent rise. The central bank floated the naira for foreign investors in 2017, a move that has lured back funds that had pulled out of Nigeria at the peak of a currency crisis. Oscar Onyema, CEO of the Nigerian Stock Exchange, said on Wednesday he expected corporate earnings to lift equities this year, despite currency and political risks. Cement Company of Northern Nigeria (CCNN), Diamond Bank and Sterling Bank gained the maximum 10 percent allowed on Wednesday. Transcorp, Fidelity Bank, FCMB, Caverton and Skye Ba...
Nigeria International Remittance Market To Hit The $42 Billion Mark By 2022, Ken Research
News

Nigeria International Remittance Market To Hit The $42 Billion Mark By 2022, Ken Research

In Nigeria, international remittance is a critical source of income for the people and has changed their standard of living to a great extent. Remittance inflow from other countries into Nigeria has resulted in development of the country in many ways. Each year, Nigerian migrants working overseas send billions of dollars back home to support their families. Maximum number of Nigerian migrates to developed countries such as the US, the UK, Spain, Italy and other European and African countries. In terms of transaction volume also, maximum remittance is received from the US and the UK followed by other European countries. Nigeria receives about 67.0% of the total remittance received in the Sub-Saharan Africa Region. The growth of the remittance industry in the country has been majorl...
NSE: Market Capitalisation Up N88bn
News

NSE: Market Capitalisation Up N88bn

Activities on the Nigerian Stock Exchange (NSE) on Friday sustained the positive slide with the market capitalisation appreciating further by N88 billion, amid gains by blue chips. The News Agency of Nigeria (NAN) reports that the market capitalisation which opened at N13.763 trillion rose by N88 billion or 0.64 per cent to close at N13.851 trillion. Also, the All-Share Index inched 247.14 points or 0.64 per cent to close at 38,923.26 compared with 38,676.12 achieved on Thursday. NAN reports that major blue chips posted price appreciation with Nigerian Breweries leading the gainers’ table with a gain N2.10 to close at N138.10 per share. Unilever followed with a gain of N1.99 to close at N41.85, while Forte Oil N1.90 to close at N46 per share. Guinness appreciated by N1.60 to...
Nestle Nigeria Closes 2017 At N1,555.99 Per Share
News

Nestle Nigeria Closes 2017 At N1,555.99 Per Share

Transactions for the last trading day for 2017 on the Nigerian Stock Exchange (NSE) recorded an upward trend with Nestle Nigeria hitting over N1, 500 mark. Nestle garnered N70.99 to close the year at N1, 555.99 per share. Seplat came second on the gainers’ table followed with a gain of N29.82 to close at N626.22, while Mobil Oil garnered N7.65 to close at N194.60 per share. Further analysis of the price movement table indicated that Unilever appreciated by 79k to close at N41, while International Breweries added 50k to close at N54.50 per share. The All-Share Index improved by 252.45 points or 0.66 per cent to close at 38,243.19 against 37,990.74 achieved on Thursday. Also, the market capitalisation, which opened at N13.519 trillion, rose by N90 billion or 0.67 per cent to c...
Total, Nestle Lift Nigerian Stock Exchange Indices By 0.27 Percent
News

Total, Nestle Lift Nigerian Stock Exchange Indices By 0.27 Percent

Transactions on the Nigerian Stock Exchange, NSE, yesterday, maintained a positive posture as some highly capitalised equities posted price appreciation. Total led the gainers’ table with a gain of N10.95 to close at N229.95 per share, according to NAN. Nestle trailed the gainers’ table with a gain of N10 to close at N1,485, while Mobil Oil gained N8.64 to close at N186.95 per share. Lafarge Africa increased by N2 to close at N45, while Nigerian Breweries added N1.16 to close at N135.20 per share. Consequently, the All-Share Index rose by 101.17 points or 0.27 per cent to close at 37,990.74 compared with 37,889.57 achieved on Wednesday. Also, market capitalisation inched N36 billion or 0.27 per cent to close at N13.519 trillion against N13.483 trillion recorded on Wednesday....
EFCC Commences Trial Of Delta INEC Official Over Diezani Alison-Madueke’s N112m Bribe
News

EFCC Commences Trial Of Delta INEC Official Over Diezani Alison-Madueke’s N112m Bribe

Justice E.O Abang of the Federal High Court sitting in Asaba, Delta State on Thursday, commenced hearing of a matter involving a former official of the Independent National Electoral Commission, INEC, Fidelia Omoile, who is facing trial on a one-count charge bordering on bribery to the tune of N112, 480, 000.00 (One Hundred and Twelve Million, Four Hundred and Eighty Thousand Naira only). Omoile was a former INEC official in the Isoko South Local Government Area of Delta State during 2015 general elections . She is among scores of INEC officials being prosecuted by the EFCC for their suspicious transactions and exposure to the infamous Diezani Alison-Madueke’s $115million polls bribe. When the matter was called, prosecution counsel, Kayode Oni, presented Prosecution Witness 1, PW1, B...
Diezani Alison-Madueke Begs Court To Order Fed Govt To Repatriate Her From UK
News

Diezani Alison-Madueke Begs Court To Order Fed Govt To Repatriate Her From UK

A former Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, has urged the Federal High Court in Lagos to compel the Attorney General of the Federation to bring her back to Nigeria from the United Kingdom, where she travelled to shortly after leaving office in 2015. She said she would like to appear in court in Nigeria to defend a criminal charge bordering on alleged laundering of N450m, where her name was mentioned. The main defendants in the charge are a Senior Advocate of Nigeria, Mr. Dele Belgore; and a former Minister of National Planning, Prof. Abubakar Suleiman. Belgore and Suleiman were charged before Justice Rilwan Aikawa for allegedly collecting N450m from Diezani and laundering same in the build-up to the 2015 general elections. The Economic and Financial C...
Reps Have No Right To Order Unfreezing Of Patience Jonathan’s Account – Sagay
News

Reps Have No Right To Order Unfreezing Of Patience Jonathan’s Account – Sagay

The Chairman, Presidential Advisory Committee Against Corruption, Prof. Itse Sagay (SAN), has asked banks to ignore the demand by the House of Representatives’ panel to unfreeze accounts of former First Lady, Mrs. Patience Jonathan, in six banks. The House of Representatives Committee on Public Petitions, had on Tuesday ordered banks to unfreeze accounts belonging to former First Lady, Mrs Patience Jonathan. According to them, the freezing was carried out without no specific restriction orders from any competent court of law. The affected banks were: Union Bank, First Bank, EcoBank, Diamond Bank, Fidelity Bank and Skye Bank. Sagay while reacting, said the House lacked the legal right to order a bank to unfreeze an account which was frozen by a court or by the EFCC. The senio...
IPOB: Parable Of The Stubborn Fly
News

IPOB: Parable Of The Stubborn Fly

True to prophecy, the mere shadow of armoured tanks approaching River Niger bridge last week was enough to dismantle the rather imposing castle of conceit Nnamdi Kanu had erected across the south-east in recent times, like straws under a Category 5 hurricane. The little braggart who had romanticized rebellion so vigorously, who had threatened fire and brimstone so darkly, suddenly went into hiding when war arrived his doorstep. Today, how pathetic that lieutenants of the absconding coward who yesterday spoke the language of thunder, evoking the imagery of bloodshed and Armageddon, are suddenly defending that “IPOB is non-violent”. For clarity, keen followers of this column will attest yours sincerely has consistently been a vigorous advocate of a Nigeria that guarantees accommodation...
Sallah: Bank Customers Face Challenges At ATM Centres
News

Sallah: Bank Customers Face Challenges At ATM Centres

Bank customers in some states of the North-East on Friday lamented over insufficient number of Automated Teller Machines (ATM), poor network and slow dispensing of cash by the machines under pressure. A cross section of them told the News Agency of Nigeria (NAN) in Bauchi, Gombe, Maiduguri, Dutse and Yola that they encountered difficulties withdrawing cash during periods of festivities. Apart from the inadequacy of the machines, some of the few available ones were either non-functional or never stocked with enough cash. They added that most times, poor network also worsened the already precarious situation. In Bauchi, bank customers experienced difficulties withdrawing money from the machines during the break, due to poor network service. NAN Correspondents who went round th...
NSE: Transactions Resume On Bearish Trend, Index Down 0.90%
News

NSE: Transactions Resume On Bearish Trend, Index Down 0.90%

Activities resumed on the Nigerian Stock Exchange (NSE) on Monday on a negative trend, with the market indices dropping by 0.90 per cent as predicted by market watchers. The News Agency of Nigeria (NAN) reports that the market capitalisation shed N114 billion or 0.90 per cent to close at N12.517 trillion against N12.631 trillion posted on Friday. Also, the All-Share Index, which opened at 36,646.46, lost 329.15 points or 0.90 per cent to close at 36,317.31, amid price losses. An analysis of price movement indicated that Mobil led the losers’ table with a loss N9.62 to close at N182.93 per share. Nigerian Breweries trailed with N4.99 to close at N185.01 and Guinness dipped N3.43 to N78.07, while Conoil declined by N1.37 to N27.70 per share. Unilever also lost N1.30 to close a...
Etisalat Announces New Shareholding As Creditors Move In
News

Etisalat Announces New Shareholding As Creditors Move In

A consortium of banks has taken over Etisalat Nigeria over the failure of the company to repay loans amounting to N541 billion. The telecommunications company had obtained the loans from 13 banks, including Guaranty Trust Bank, Access Bank, Zenith Bank, UBA, Fidelity Bank and First Bank. It took the loan to refinance an existing commercial medium-term debt of $650 million and continue its network rollout across the country. The Central Bank of Nigeria (CBN) and Nigerian Communications Commission (NCC) had intervened to prevent the takeover of the company, but their efforts did not yield the desired result. The banks were said to have opposed a proposal by Etisalat to convert part of a $1.2 billion loan from dollars to naira. In a statement on Tuesday, Ibrahim Dikko, vice-pre...
78 Bank Directors Get N10.34bn Dividend In 2016
News

78 Bank Directors Get N10.34bn Dividend In 2016

78 bank directors get N10.34bn dividend in 2016 *Zenith, Access, UBA account for 64% of dividend *Ovia, Wigwe, Elumelu get 89.5% AT the backdrop of the recession the nation’s economy slipped into last year alongside inflationary pressures, corporate results from the banking sector so far released indicate significant increases in fortune for the investors. Jim Ovia, Tony Elumelu & Herbert Wigwe While the general shareholders of the first batch of seven banks announcing results so far received a total dividend income of N162 billion, indicating a rise by 13 per cent against N143.3billion in 2015, directors of the banks numbering 78 recorded 20.5 per cent rise in their dividend income at N10.34 billion as against N8.58 billion in 2015. The banks are Zenith Internati...
How I Failed The Fidelity Bank Job Test
News

How I Failed The Fidelity Bank Job Test

I got 41.25% in the test. So, why did I fail so woefully? I was tensed ahead of the test on Wednesday morning April 5th 2017. I said to myself, "well, since I am here (at fidelity bank Enugu branch) before 7am, let me chill in a near by shop and wait till it is 8am. So I ordered for pure water and okpa to cool my head. I immediately remembered that I need more of sugar since am suffering from high b.p and was feeling tired. I ordered for one bottle of Pepsi. The sales boy said "no 30cl Pepsi Sir, we have 50cl". I said "ok, give me the 50cl". I drank the 50cl Pepsi and I was feeling ready for the test. Fast forward, test period. I was feeling high! the questions weren't too hard, it wasn't too easy either. I was flying, but upon reaching the number 35 question, I died and rose b...
Etisalat May Leave Nigeria Over $1.2bn Loan Default
News

Etisalat May Leave Nigeria Over $1.2bn Loan Default

  Abu Dhabi telecoms group, Etisalat, may sell its stake in Etisalat Nigeria, which has defaulted on a $1.2bn loan, but wants the company’s debt restructured before it does so, Reuters quoted two sources as informing it on Monday. The Central Bank of Nigeria and the Nigerian Communications Commission on Friday agreed with local banks to pursue a default deal rather than a receivership for Etisalat Nigeria so as not to deter investors and to avoid a wider debt crisis. Etisalat is due to meet with creditors on Tuesday (today) or Wednesday to discuss the default, the sources said. It was not clear whether Etisalat, which has a 45 per cent holding in the Nigerian unit after converting a loan to equity in February, would divest completely. The Senior Vice-President of Etisal...
Police Foil Attempt By 4-man Robbery Gang To Rob Bank Customer In Imo State
News

Police Foil Attempt By 4-man Robbery Gang To Rob Bank Customer In Imo State

Gallant men of the Imo State Police Command this morning foiled an attempt by a four man armed robbery gang to rob a bank customer at Fidelity Bank, Owerri. According to Kennedy Onwunali, who posted the pictures: "The gang which came on a Toyota Camry drove away after they were engaged in gun battle by the police men on duty and police teams from allover the city led by the area commander Acp Francis Bissiong, the DPO Owerri urban and command federal anti robbery squad in the state. The team immediately raided black sports in the city were men of the under world were picked out and taken to the state headquarters for investigation"  
David Umahi In Trouble Over N23bn Diezani Poll Cash
News

David Umahi In Trouble Over N23bn Diezani Poll Cash

THE Governor of Ebonyi State, David Umahi, is in trouble with the Economic and Financial Crimes Commission. The commission said last night it had discovered that Umahi collected the sum of N400 million allocated to the PDP in the state to compromise last year’s Presidential poll but he diverted the cash to two of his companies and used it to build two hotels in Port Harcourt and Abakaliki. The commission has already arrested and questioned many suspects, including bank officials, who have made statements linking the governor and his companies. EFCC sources said, “This case involving some chieftains of the PDP in Ebonyi State and some companies emanated from the alleged N23,2999,705,000, disbursed by the erstwhile Petroleum Resources Minister, Mrs Diezani Alison Madueke during the ...
Breaking: Crisis Rocks Abia Chapter Of APGA, SWC Suspends Chairman
News

Breaking: Crisis Rocks Abia Chapter Of APGA, SWC Suspends Chairman

CRISIS has erupted in the leadership of Abia State chapter of All Progressives Grand Alliance [APGA] with the State Working Committee [SWC] suspending the party’s state chairman, Rev Austin Ehiemere, alleging misconduct and violation of the party rules. The Secretary the party, Mr. Sunday Onukwubiri, who announced the suspension in Umuahia, Ehiemere was alleged to be working against the directives of the national chairman of the party. According to Onukwubiri, the national chairman of the party had directed that aspirants should pay all monies for nomination forms into the party’s National Bank account at Fidelity Bank, but Ehiemere allegedly directed otherwise that the monies should be paid into the party’s state account at FCMB. “The acts of misconduct include compilation of list of cand...

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