Fitch Upgrades Fidelity Bank’s National Rating to ‘A+(nga)’, Affirms Long-Term IDR at ‘B’ Nume Ekeghe Global credit rating agency, Fitch Ratings, has affirmed Fidelity Bank Plc’s Long-Term Issuer
Default Rating (IDR) at ‘B’ and upgraded its National Long-Term Rating to ‘A+(nga)’ from ‘A(nga)’. The upgrade, announced on May 29, 2025, reflects the bank’s
strengthened capital buffers and improved profitability, signaling continued positive momentum in its performance. According to Fitch, the rating
upgrade is underpinned by Fidelity Bank’s successful capital raise through a rights issue and public offer, as well as a notable improvement in profitability—
driven by higher interest income and a stable base of low-cost current and savings deposits. Commenting on the announcement, Managing Director/
CEO of Fidelity Bank, Dr. Nneka Onyeali-Ikpe, said, “This upgrade by Fitch Ratings affirms the Continued on page 5
ECOWAS: Dangote Refinery Symbolises Hope for Africa, Founder Has Continental Vision...
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Monday, Monday, January June 6, 2, 2025 Vol Vol29. 30.No No10865. 11005. Price: N400
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Niger Flood Disaster: Turkey Condoles FG as Buhari, Akpabio Mourn 122 Lives Lost in Deluge, Kano Auto Crash
Sunday Aborisade, Deji Elumoye, Michael Olugbode in Abuja and Laleye Dipo in Minna AMAECHI @60: L-R: Former Rivers State Governor and Minister of Transportation Chibuike Rotimi Amaechi, his wife Judith and former Vice President Atiku Abubakar at the birthday public lecture to mark Amaechi’s 60th birthday in Abuja at the weekend.
Turkey has sent condolences to the Continued on page 5
US Links Surge in Nigeria’s Terror Attacks to Exit from Niger, Chad Says it's no longer able to monitor their activities in Africa Declares Sahel region global terrorism epicentre States terror group may soon be able to strike inside US Alleges China only interested in access to Africa's resources
Emmanuel Addeh in Abuja
The United States has blamed the rising attacks by terrorist groups in Nigeria and other African countries on its forced exit from bases in some neighbouring countries, including Niger and Chad, pointing to its inability to effectively monitor the activities of the violent organisations. Commander of the US Africa Command (AFRICOM), US Marine Corps, Gen. Michael Langley, who spoke at the weekend during a digital press briefing after the “African Chiefs of Defence Conference” in Kenya, described the recent attacks in Nigeria and other parts of the Sahel as deeply concerning. Nigeria has experienced a significant escalation in terrorist attacks in recent weeks, with incidents spanning Continued on page 5
LAUNCH OF UNITED CAPITAL ASSET MANAGEMENT WEST AFRICA...
L-R: Labas Bamba, CEO, United Capital Asset Management West Africa; Chika Mordi, Chairman, United Capital Plc; Tony O. Elumelu, CFR, Group Chairman, Heirs Holdings; Peter Ashade, Group CEO, United Capital Plc; and Ejikeme Okoli, Director, Africa Operations, United Capital Plc, at the official launch of United Capital Asset Management West Africa Limited in Abidjan, last week
Wabara to N'Assembly: Our Democracy Under State Capture, Rise Up to Challenge...
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