Banking Business Top Story

Fidelity Bank fined N555.8 million for data breaches as NDPC enforces new protection laws

The Nigeria Data Protection Commission (NDPC) has imposed a fine of N555,800,000 on Fidelity Bank Plc for violating data protection regulations. This significant penalty, announced by the National Commissioner of NDPC, Dr. Vincent Olatunji, underscores the Federal Government’s commitment to enforcing data protection standards across the country. Speaking at the Nigeria Data Protection (NDP) Act Read More…

Banking Business Investment Top Story

US-based Nigerian billionaire to invest N3bn in Fidelity Bank

Dr Oluleye Adigun, a US-based Nigerian billionaire, has revealed ongoing efforts to invest three billion naira ($6.8million) in Fidelity Bank through shares acquisition. Adigun told the News Agency of Nigeria (NAN) in a telephone interview, on Wednesday, that the acquisition was part of his planned investment in the Nigerian economy, adding that the process of Read More…

Banking Business Featured

First female MD/CEO of Fidelity Bank Onyeali-Ikpe assumes office

Mrs Nneka Onyeali-Ikpe, has formally assumed office as the 4th Managing Director and Chief Executive Officer and first female to occupy the position at Fidelity Bank Plc, effective on Jan. 1. The bank in a statement disclosed that Onyeali-Ikpe took over from Mr Nnamdi Okonkwo, whose contract tenure ended on Dec. 31, 2020, in line Read More…