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All Posts in "Day: November 22, 2025"

SFJOY: SanlamAllianz Hosts Nigerian Winners

L-R: Chris Ekwonwa, Group Head, Strategy, Marketing and Customer Relations; Abimbola Lawson, Head, Legal and Compliance; Tunde Mimiko, MD/CEO, all of SanlamAllianz Nigeria; Destiny Onyemihia and Blessing Enebeli, both of Voice of Nigeria; Juliet Ajiboye, Head, Technical; and Bankole Banjo, Marketing and Corporate Communications Manager, SanlamAllianz Nigeria
SanlamAllianz Nigeria hosted the First and Second Runners Up, Radio Broadcast Category of the Sanlam Financial Journalists of the Year Award, Destiny Onyemihia and Blessing Enebeli both of Voice of Nigeria.
In its 50th edition, the Sanlam Group Awards for Excellence in Financial Journalism recognises and rewards exceptional business journalism in Africa. Easily Africa’s most prestigious financial journalism awards celebrating journalists across platforms on the continent, the competition is open to African journalists in print, online, radio and TV media who are based in Africa and working in African news organisations.
Speaking at the event held at the annex head office of SanlamAllianz Life Insurance in Lagos, the MD/CEO, Tunde Mimiko, congratulated both winners saying, “for you to have made it to the top three is an endorsement of the quality of your reporting, professionalism and commitment to your craft. We celebrate you, we are proud of you and we are rooting for you to go all the way come the 51st edition in 2026.”
The recipients both thanked the Sanlam Group for instituting and keeping the fires of the awards burning, stating it has become one of the most sought after in business reporting on the continent.
Online Poster by — November 22, 2025 in News
Q3 2025: Fidelity Bank Grows Interest Income By 33%, Fee Income By 47%

Amaka Obiefuna

 

 

Fidelity Bank Plc, a leading financial institution, has released its unaudited financial statements for the third quarter ended September 30, 2025. The results show impressive performance across key income lines and operational metrics.

 

According to the statements published on the Nigerian Exchange Group (NGX) portal on November 21, 2025, the Bank reported Gross Earnings of ₦366.1 billion for Q3 2025. This represents an 8 percent increase from the ₦338.9 billion recorded in Q3 2024. The growth was driven by strong interest income and sustained momentum in fee-based revenues.

 

Interest Income, calculated using the effective interest rate method, rose by 33 percent to ₦285.6 billion in Q3 2025, compared to ₦214.7 billion in Q3 2024. Other Interest Income more than doubled, rising from ₦13.0 billion in the corresponding period of 2024 to ₦34.2 billion. This underscores significantly improved returns from non-core lending activities.

 

Year-to-date, the Bank achieved a major milestone with Gross Earnings surpassing ₦1.1 trillion, the highest in its history. This is an increase from ₦772.5 billion in Q3 2024. The Bank’s total assets also crossed the ₦10 trillion mark, driven by robust growth in cash, customer loans, and investment securities; this compares to ₦8.8 trillion in Q3 2024. Net Interest Income for the nine-month period reached ₦565.3 billion, while fee and commission income totaled ₦84.5 billion. The respective figures for Q3 2024 were ₦470.5 billion and ₦56.3 billion.

 

Credit Loss Expenses moved to ₦900 million from ₦32.8 billion in Q3 2024; however, Net Interest Income remained flat at ₦144.8 billion, compared to ₦143.7 billion in Q3 2024. This reflects improved asset quality and effective risk management practices. Fee and Commission Income grew by 47.2 percent to ₦31.1 billion, up from ₦21.1 billion in Q3 2024, driven by increased transaction volumes and digital banking adoption. Foreign currency revaluation gains contributed ₦14.1 billion to Non-Interest Revenue, while other Operating Income rose to ₦1.1 billion from ₦447 million in Q3 2024.

Online Poster by — November 22, 2025 in Capital Market