• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Wednesday, July 2, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Fidelity Bank Shareholders Approve N89.950bn Total Dividend For 2024

by Olushola Bello
2 months ago
in Business
Share on WhatsAppShare on FacebookShare on XTelegram

Shareholders of Fidelity Bank Plc have approved a total dividend of N89.950 billion for the financial year ended December 31, 2024.

Advertisement

The shareholders, which gave their approval at the Bank 37th Annual General Meeting (AGM) held virtually, also applauded the board and management of the bank for delivering an outstanding performance in the year 2024.

The Bank having declared and paid an interim dividend of 85 kobo per share, amounting to N27.200 billion for the half-year period ended June 30, 2024. It proposed a final dividend of N1.25 per share, representing N62.75 billion; bringing the total dividend for the financial year ended 2024 to N2.10 per share or N89.950 billion.

The national chairman of the Progressive Shareholders Association, Chief Boniface Okezie, praised the bank, saying, “this is a superlative performance and we the shareholders are grateful to management and staff for giving us a bank to be proud of. It is also important to note that the bank has earned its spot as one of the top three dividend-paying financial institutions in Nigeria.”

The chairman, Zonal Shareholders Committee, Sir Tunji Okelana, recognised the bank’s exceptional leadership, which has seen the bank grow to unprecedented heights.

RELATED

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry

1 hour ago
Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

2 hours ago

Speaking to shareholders, the chairman, Fidelity Bank, Mustafa Chike-Obi, said, “despite the global economic headwinds, we demonstrated exceptional resilience, achieving record breaking growth across all performance indicators, most notably our profit before tax.”

He added that the bank’s stakeholders were all pleased with the success of the first stage of the capital-raise exercise, saying that “the oversubscription of 237.9 per cent in the public offer and 137.7 per cent in the rights issue is a testament to the strength of our brand and the confidence the investing public has in us. Equipped with this vote of trust, we will proceed swiftly and conclude the second tier of our capital-raise exercise.”

Managing director/chief executive officer, Fidelity Bank, Dr Nneka Onyeali-Ikpe stated that, “our priorities in 2025 financial year are to complete the next phase of our capital raise and further strengthen our asset base, enhance operational efficiency and digital innovation and explore strategic regional expansion into select African markets.”

The Bank’s 2024 annual report showed an impressive 210 per cent growth in profit before tax to N385.2 billion. Gross earnings increased by 87.7 per cent to N1,043.4 billion, driven by 106.9 per cent growth in interest and similar income to N950.6 billion. The bank also witnessed an impressive 47.9 per cent growth in deposits from N4.0 trillion in 2023 full year to N5.9 trillion while loan and advances grew from N3.1 trillion in 2023 to N4.4 trillion in 2024.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: Fidelity Bank
SendShareTweetShare
Previous Post

United Capital Grows Gross Earnings By 113% To N13.10bn In Q1

Next Post

Zinox Group Unveils Plan To Empower 10,000 Women In Tech Across Africa

Olushola Bello

Olushola Bello

You May Like

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry
Business

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry

2025/07/02
Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide
Business

Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

2025/07/02
Inflationary Pressures Hamper Business Operations
Business

Economic Reforms Drag Business Activities To 7-month Low

2025/07/02
NNPC Declares N674bn Profit For 2021
Business

NNPC, IPPG Chart Path To Delivering 3m Barrels Per Day Oil Target By 2030

2025/07/02
Customs Recovers N72.4m From Importers At Lagos Seaports
Business

Group Discusses Intermodal Cargo Evacuation From Seaports

2025/07/02
LEADERSHIP Awards: Aradel Holdings Plc Is Oil And Gas Local Content Champion Of The Year 2023
Business

Aradel Holdings, Wema Bank Join NGX 30

2025/07/02
Leadership Conference advertisement

LATEST

JUST-IN: ADC Executives Step Down, Hand Over Party To David Mark, Aregbesola

Senate Passes Bill To Establish Bitumen Dev’t Commission 

Head Of Service Urges States To Partner CIPM To Professionalise HR In Public Sector

Nominee Rejects Tinubu’s NLRC Appointment

JUST-IN: Atiku, Obi, El-Rufai, Amaechi, Others Arrive Yar’Adua Centre For ADC Meeting

Tranos Begins Construction Of 800MW Solar Panel Plant To Boost Nigeria’s Energy Industry

Nigeria’s Apostle Johnson Suleman Visits Ghanaian President Mahama

South-East Vocational, Entrepreneurial Studies Institute Underway As Reps Pass Bill For 2nd Reading

Keystone Bank Empowers Entrepreneurs With SME Business Clinic Nationwide

Gov’t Mulls N50m Grant For Tertiary Students, Unveils C’ttee To Commercialise Research

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.