Fidelity Bank Nigeria

Key details

• Parent: Nigerian entrepreneurs

Overview

Fidelity Bank Nigeria is NGX: FIDELITYBK + Nigerian commercial bank + one of Nigeria's largest commercial banks by assets + founded Aug 28 1988 as Fidelity Bank by Nigerian entrepreneurs [1, ng-cro].

History

Aug 28 1988 — Fidelity Bank founded as Nigerian commercial bank by Nigerian entrepreneurs distinctive Nigerian banking heritage.

Apr 2024 — Fidelity Bank Nigeria acquires Union Bank UK (Union Bank of Nigeria UK subsidiary) for ~$160M consolidating Nigerian-UK banking.

2014 — Fidelity Bank Mobile banking app launch.

Ownership & operator

Operating entity: Fidelity Bank Plc Nigeria (Nigerian commercial bank; NGX: FIDELITYBK).

Major shareholders: Nigerian retail + institutional + foreign investors free float.

Regulators: CBN Central Bank of Nigeria + national regulators across 3+ countries.

Technical integration

Fidelity Bank Mobile app (iOS + Android) + fidelitybank.ng online + Fidelity Bank Nigeria branch network across Nigeria + UK + Cyprus international branches + Fidelity Visa + Mastercard + Verve cards; NG IBAN + NIBSS Instant Payments + NQR Nigeria.

Implementations & partners

Major Nigerian banking + payments competitors: [[zenith-bank]] (Zenith Bank; NGX: ZENITHBANK; Nigerian commercial bank; one of Nigeria's largest commercial banks) + [[first-bank-nigeria]] (First Bank of Nigeria FBN; NGX: FBNH; Nigeria's oldest commercial bank since 1894) + [[gtbank]] (Guaranty Trust Bank GTBank; NGX: GTCO; Nigerian commercial bank; one of Nigeria's largest commercial banks) + [[access-bank]] (Access Bank; NGX: ACCESSCORP; Nigeria's #2 commercial bank by assets) + [[uba]] (UBA United Bank for Africa; NGX: UBA; Pan-African banking group across 20+ African countries) + [[union-bank-nigeria]] (Union Bank of Nigeria UBN; NGX: UBN; Titan Trust Bank parent) + [[ecobank]] (Ecobank Transnational Inc; ETI; Pan-African banking group across 35+ African countries) + [[stanbic-ibtc]] (Stanbic IBTC; NGX: STANBIC; Standard Bank Group Nigerian subsidiary) + [[opay]] (OPay; Nigerian super-app + mobile money) + [[carbon]] (Carbon Nigeria digital bank) + [[kuda-bank]] (Kuda Bank Nigerian digital bank) + [[flutterwave]] (Flutterwave; Nigerian fintech) + [[paystack]] (Paystack; Stripe-owned Nigerian payment processor).

Regulators: CBN Central Bank of Nigeria + national regulators across 3+ countries.

Status

Active, NGX:FIDELITYBK + Nigerian commercial bank + one of Nigeria's largest commercial banks by assets + founded Aug 28 1988 as Fidelity Bank by Nigerian entrepreneurs + Apr 2024 Union Bank UK ~$160M acquisition consolidating Nigerian-UK banking [1, 2].

Sources

• 1 Fidelity Bank Nigeria — official
• 2 Fidelity Bank Nigeria — Wikipedia
• ng-cro In-corpus: reports/countries/NG-nigeria.md

Source

Biography extracted from fidelity-bank-nigeria.md. See matrix.md for standards-support matrix if present.