Monthly Archives: March 2015

Nigerian banks: Resilient despite economic meltdown

By |March 18th, 2015|

At the beginning of the 2008 financial crisis, former governor of the Central Bank of Nigeria (CBN) Professor Charles Soludo honoured invitations to several fora to, among other issues, answer the question: are Nigerian banks safe or do they require any bailout? Professor Soludo was consistent in stating that because Nigeria moved ahead of the […]

CBN rules out control of foreign investment

By |March 18th, 2015|

The Central Bank of Nigeria has said that there are no plans to introduce capital controls despite the current economic challenges facing the nation. According to the CBN Governor, Godwin Emefiele, capital control is a phrase used to describe a phenomenon where when investors bring in capital to a country, there may be some restrictions […]

Fidelity Bank restates commitment towards deepening the economy

By |March 18th, 2015|

Fidelity Bank Plc. has said it would not relent in its efforts to promote financial literacy amongst the youths as part of the bank’s commitment towards deepening the economy. Towards this end, the Bank has expressed its readiness to partner with Central Bank of Nigeria to introduce financial literacy as a subject in the curriculum […]

Fidelity Bank baits investors with future earnings

By |March 18th, 2015|

In a dynamic investment environment, nothing stays the same for too long without being upturned by events in the market coming from either operators or regulators. Intelligent investors, therefore, do not take permanent positions against any stock. Now, Fidelity Bank Plc. seems to be proving the wisdom in this strategy as certain cause and effects […]

‘BVN enrolment will boost credit management’

By |March 18th, 2015|

The ongoing Bank Verification Number (BVN) project will enhance the management of credit score of banks’ customers in Nigeria, the Group Managing Director/ Chief Executive Officer of Fidelity Bank Plc., Nnamdi Okonkwo, has said. The credit score, which would be based on credit report from credit bureaus, would help lenders to determine who really qualifies […]