TUESDAY 2ND APRIL 2019

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Fidelity Bank Posts Impressive FY 2018 Results Caps three years of sustained performance Nume Ekeghe

Fidelity Bank has sustained the impressive performance trajectory with the strong full year 2018 results it released

recently to the Nigerian Stock Exchange (NSE) and the financial market. In a clear demonstration of its resilience and stability, the top lender capped the year

with growth in gross earnings, profitability and other key financial indicators. The results showed that Fidelity Bank posted a five per cent growth in gross

earnings from N180.2 billion in the previous year to N188.9 billion, whilst profit before tax soared by 30.6 per cent to N25.1 billion when compared with the 19.2 billion it recorded

in 2017. The bank’s profit after tax grew by 29 per cent from N17.7 billion in 2017 to N22.9 billion in 2018, whilst operating income rose by 13.9

per cent, from N85.9 billion in the previous year to N97.2 billion. Also, its total deposit, which Continued on page 8

Crude Oil Price Climbs to $68 as Supplies Tighten...

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Tuesday 02 April, 2019 Vol 24. No 8758. Price: N250

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Let the Will of Rivers People Prevail, Obi Urges INEC...

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Independence of Legislature Not Negotiable, Says Saraki Argues N’Assembly leadership must be decided by legislators-elect reaches out to opposition senators-elect Deji Elumoye in Abuja The Senate President, Dr Bukola Saraki, yesterday faulted the All Progressives Congress’ (APC) intervention in the selection of the 9th National Assembly’s

Lawan

leadership, saying it is capable of undermining the independence of the legislature, which he argued is nonnegotiable in a democratic society. Continued on page 6

Onnoghen’s Witness Tenders 2010 Asset Declaration Receipt Alex Enumah in Abuja The Chief Justice of Nigeria (CJN), Justice Walter Onnoghen, yesterday called his first witness, Mr. Lawal Busari, who tendered receipt of his 2010 Asset Declaration Form at his ongoing trial at the Code of Conduct Tribunal (CCT).

Onnoghen is standing trial on an alleged six-count charge of failure to disclose his assets as required by the law for public office holders. The charge was preferred against him by the federal government following a petition, early January, to Continued on page 6

N’ASSEMBLY BECKONS… Oando’s Profit Rises By 46% NINTH L-R: Clerk of the National Assembly, Mr. Mohammed Sani-Omolori; Senate President, Dr. Bukola Saraki; and Permanent Secretary, Inter-parliamentary Relations in the National Assembly, Dr. Rabi Audu, during an orientation programme for to N29bn in 2018… Page 8 members-elect of the 9th National Assembly in Abuja… yesterday


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TUESDAY 2ND APRIL 2019 by THISDAY Newspapers Ltd - Issuu