Fidelity Bank Sustains Growth Trajectory, Profits Soar by 27% to N13bn Gross earnings hit N88.9bn Nume Ekeghe Fidelity Bank Plc posted an impressive half year results for 2018, recording a double-digit growth in key revenue lines
and achieving significant traction in her chosen business segments. Details of the audited half year results, for the period ended June 30, 2018, released
80% of total transactions now digital
at the Nigerian Stock Exchange (NSE) yesterday showed a 27.3 per cent jump in Profit Before Tax (PBT) from N10.2 billion in the previous period to N13 billion in the reporting period.
Profit After Tax (PAT) rose by 31 per cent to close at N11.8 billion from N9.03 billion recorded in 2017, while gross earnings rose by 3.6 per cent from N85.8 billion to N88.9
billion. In other indices, total assets grew by 13.7 per cent to N1,567.6 billion from N1,379.2 billion in the previous period. Total deposits, a measure of
customer confidence, increased by 19.7 per cent to close at N927.9 billion from N775.3 billion in 2017. Continued on page 6
Power Supply Stagnates at 3,761MW, Sector Loses N381bn‌ Page 8 Thursday 27 September, 2018 Vol 23. No 8562. Price: N250
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Concerns in Nigeria, Others over US Fed Interest Rate Hike ... Page 8
Testy Duel in Osun as SDP Partners APC to Battle PDP Omisore gets Senate presidency offer We are sure of victory, says main opposition party Adeleke writes diplomatic missions, alleges threat to his life Nseobong Okon-Ekong and Yinka Kolawole in Osogbo, Gboyega Akinsanmi in Lagos and Adedayo Akinwale in Abuja Today’s supplementary governorship election in Osun State promises to be a testy fight as the candidate of the Social Democratic Party (SDP), Senator Iyiola Omisore,
yesterday finally pitched his tent with the ruling All Progressives Congress (APC) candidate, Alhaji Gboyega Oyetola, against the leading contender, Senator Ademola Adeleke of the main opposition Peoples Democratic Party (PDP). Last Saturday’s contest, Continued on page 6
Despite FG’s Offer of Reopening Talks, Labour Begins Strike Today Banks, petrol stations to shut down Onyebuchi Ezigbo in Abuja Organised labour has made good its threat to commence a warning strike across the country today, asking all its members to ignore work and stay at home from the middle of last night. By the industrial action,
all public and private offices, including banks and petrol stations would shut down. The action by workers came in defiance of a late rally by the federal government, which offered to restart negotiations on new national Continued on page 6
Ambode Takes up the Gauntlet, Ready for Primary... Page 6
LETS'S WORK TOGETHER... Sokoto State Governor, Alhaji Aminu Tambuwal (left), and Bayelsa State Governor, Mr. Seriake Dickson, during Tambuwal's electioneering visit to Dickson in Yenagoa... yesterday
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