Index to Nigerian Newspapers

Fidelity Bank extends Onyeali-Ikpe's appointment as GMD/CEO

Fidelity Bank Plc has announced its Board of Directors' decision to extend the employment contract of its GMD/CEO, Nneka Onyeali-Ikpe, from 2024 to 2026. The decision was taken at the Board meeting on February 12, 2024, according to a notice at the Nigerian Exchange Limited (NGX). The extension is in furtherance of the Bank's strategic objectives and premised on Nneka Onyeali-Ikpe's sterling performance since assumption in offi­ce on January 1, 2021. Fidelity Bank grew its Net Loans and Advances by 46 percent in 2023 to N3.093trillion, from N2.115trillion in 2022, while its deposits almost doubled in 2023, reaching a new high of N4.049 trillion from N2.591 trillion in 2022, up by 56 percent. The Board is confident that Fidelity Bank's performance will continue its upward trajectory under Nneka Onyeali-Ikpe's leadership and looks forward to working closely with her and the Executive Management Team on the execution of various strategic initiatives including international expansion.

Chukwunyem Tony | Corporate governance — Nigeria | New Telegraph | Thursday, February 15, 2024