This move is part of its strategy to meet the Central Bank of Nigeria’s recapitalization requirements
Fidelity Bank Increases Staff Salaries Following Strong 2024 Financial Results
Fidelity Bank Plc, a leading tier-one financial institution, has announced a fresh round of salary increases for its employees.
This latest adjustment, disclosed in May, comes on the heels of a previous raise implemented in November 2024 and reflects the bank’s commitment to rewarding staff for their exceptional performance and dedication to customer service.
The salary enhancement follows Fidelity Bank’s stellar financial performance for the full year 2024, during which it posted the highest year-on-year profitability growth in the Nigerian banking sector.
Under the leadership of Dr. Nneka Onyeali-Ikpe, the bank achieved a 210% increase in Profit Before Tax, reaching N385.2 billion.
In a related development, the bank is nearing completion of a private placement exercise scheduled for June 2025.
This move is part of its strategy to meet the Central Bank of Nigeria’s recapitalization requirements. Read More
