TUE MAY 20 2025-theGBJournal| The Central Bank of Nigeria stepped in strongly in support of Fidelity Bank’s health on Monday, while also ”categorically reassuring the public, depositors, and stakeholders that Nigerian banking system remains resilient, safe and sound,” following report described by the apex bank as ”misleading.”
The CBN then reaffirmed that it continues to monitor all financial institutions under its regulatory purview and maintains robust frameworks for early warning signals and risk-based supervision.
”These mechanisms ensure that any emerging issues are promptly addressed to protect the integrity of the financial system,” the CBN said.
The apex urged the public to disregard sensational or unverified claims and rely solely on official channels for information about the financial system.
Meanwhile, Fidelity Bank has reminded the public of the state of its health, saying it remains one of the most well-capitalized and profitable financial institutions in Nigeria, with expanding international operations.
”Fidelity Bank is not under any form of bankruptcy proceedings and continues to meet all its legal and financial obligations without exception,” the bank’s management added in a statement.
”This position of strength is further validated by our Q1 2025 financial results, which reflect consistent performance and resilience. These results are publicly available for review.
Fidelity Bank remains committed to maintaining the highest standards of financial stability, transparency, and service excellence,” Fidelity Bank added.
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