CREATOR: gd-jpeg v1.0 (using IJG JPEG v62), quality = 82
Fidelity Bank recorded a 6% fall in profit in the 9-months period to September 2025, after recording a massive N59.77 billion loss on its held for trading derivatives financial instruments.
Brand News Day Nigeria reports that the Bank entered into derivative contracts with counter parties; Total Return Swap with Mashreq Bank and Swap with the Central Bank of Nigeria (CBN) in the period ended 30 September 2025.
Profit for the period came in at N211.72 billion in 9-Months 2025, compared to N224.6 billion in September 2024.
Gross earnings rose to N1.114 trillion, up 44.3 percent from the year earlier period as interest income hit N843.47 billion. However elevated interest expenses of N414.2 billion up 76 percent year-on-year pushed net-interest income to N565.2 billion.
Fidelity Bank reported elevated other operating expenses of N267 billion in the period, up 43% compared to 9-Months 2024 levels.
Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has successfully concluded its 2026…
The Federal Government has unveiled FreeTV, a new free-to-air digital television platform designed to provide…
The FTC warned car dealer groups across America about hidden fees & misleading pricing. New…
Johannesburg, South Africa. 17 June 2026 – Ukiyo, a South African edutech and youth development…
Lagos, Nigeria — As part of its ongoing commitment to youth empowerment, financial inclusion, and…
Kenya layer farmers are experiencing lower-than-expected egg production, with industry experts attributing the decline largely to…
This website uses cookies.