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Fidelity Bank to Open From 9am to 2pm Daily

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Fidelity Bank Nnamdi Okonkwo

By Adedapo Adesanya

Fidelity Bank Plc has announced that owing to the recent announcement by the federal government to gradually ease the lockdown directive, it would open its branches from 9am till 2pm from Monday to Friday.

This was stated in a notice released on Monday, May 4, which noted that, “As announced, the Federal Government has begun the phased and gradual easing of the lockdown directive in the Federal Capital Territory (FCT), Lagos, Ogun and other states effective May 4, 2020, with the exception of Kano.”

It stated that in response to the relaxed movement restrictions, it has opened its branches and offices location nationwide to its customers.

It added that its customers can access available branches nearest to them by clicking on – https://www.fidelitybank.ng/branch-locator/

“Please note that our offices are open on Mondays to Fridays from 9.00am to 2pm daily,” the bank said.

Fidelity Bank also called on its customers to capitalise on its digital platform to make its transaction so as to avoid crowding banking halls during the period.

“We encourage you to leverage the Fidelity mobile app, online banking, instant banking (*770#) and ATMs which are available 24/7 for all your banking needs.

“Kindly visit Android or iOS app stores to download the Fidelity Mobile app if you have not already done so,” the bank, which is one of the dominate forces in the retail space, said.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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CBN Allays Fears of Keystone Bank Customers Over Safety of Funds

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Keystone Bank Customers

By Aduragbemi Omiyale

The Central Bank of Nigeria (CBN) has assured customers of Keystone Bank Limited of the safety of their funds with the financial institution.

Recall that on Wednesday, February 12, 2025, the Lagos State Special Offences Court sitting in Ikeja ordered the forfeiture of the bank to the federal government.

The lender was taken from its shareholders, Sigma Golf Nigeria and Mr Umaru Modibbo, after its acquisition in 2017 was challenged by the Economic and Financial Crimes Commission (EFCC).

This action caused apprehension among some depositors of Keystone Bank because of safety of their deposits.

However, the central bank, which dissolved the management of the company in January 2024 and appointed the current team, has said customers have nothing to worry about.

“Following the court order that the shares of Keystone Bank Limited previously held by the shareholders be forfeited to the Federal Government of Nigeria, the Central Bank of Nigeria (CBN) wishes to reassure the public that Keystone Bank Limited remains safe, sound, and fully operational.

“We acknowledge that this development may have triggered customer concerns; however, we wish to underscore that the stability of the banking system and the safety of depositors’ funds remain our top priorities. Keystone Bank’s operations are entirely secure, and there is no reason for concern.

“For clarity, the Court Order merely reaffirmed the Central Bank of Nigeria’s prior decision to take over the management of Keystone Bank Limited in January 2024, following a change in its leadership.

“Since then, the CBN has closely monitored the bank’s operations to ensure they are in full compliance with regulatory standards, operational transparency, and the interests of depositors.

“As part of our commitment to safeguarding the financial system and building public trust, we shall continue to monitor the bank’s performance. We will take all necessary steps to protect the interests of depositors, staff, and stakeholders.

“Customers are also encouraged to contact Keystone Bank’s customer support or visit any Keystone Bank branch for inquiries or concerns,” a statement issued by the CBN on Friday by its acting Director for Corporate Commissions, Mrs Hakama Sidi Ali, said.

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Banking

Stanbic IBTC Bank, IFC to Empower Women Entrepreneurs

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Stanbic IBTC IDE

By Aduragbemi Omiyale

Research has showed that apart from funding, some of the unique challenges faced by women entrepreneurs are lack of business acumen and mentorship.

To address these hurdles, Stanbic IBTC Bank and the International Finance Corporation (IFC) have come together to empower women entrepreneurs.

The partnership aims to create a pathway to success for women who seek to turn their dreams into realities.

They will do this through the Goldman Sachs 10,000 Women programme, which offers tailored support, comprehensive business education, mentorship opportunities, and a platform for networking with industry leaders and fellow entrepreneurs.

The Goldman Sachs 10,000 Women is a global initiative delivered through the University of Leeds to foster economic growth by providing women entrepreneurs around the world with practical education, interactive activities, and instruction by educators from top business schools reaching over 200,000 women.

The curriculum covered in the training includes financial literacy, strategic planning, marketing strategies, and leadership development.

“We believe that supporting women in business is not just a necessity, but also a celebration of their resilience and determination. This was the reason we created the Blue Blossom community to allow women to network, get mentorship, and connect them to financial opportunities with discounted offerings that enable their businesses to grow.

“Our partnership with IFC to enroll women in the Goldman Sachs 10,000 Women SME training embodies our admiration and respect for women entrepreneurs.

“It is part of our commitment to ensure members of the community continue to get the support they need to ensure their businesses thrive,” the Head of Enterprise Banking at Stanbic IBTC Bank, Ms Olajumoke Bello, stated.

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Banking

GTBank Removes POS Processing Fees to Support Merchants

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GTBank POS Processing Fees

By Aduragbemi Omiyale

Guaranty Trust Bank (GTBank) Limited has reinforced its commitment to supporting businesses with cost-effective payment solutions by removing processing fees on all its Point-of-Sale (POS) terminals.

The company said this became effective Tuesday, February 11, 2025.

With this development, all merchants using GTBank POS terminals will no longer incur Merchant Service Charges (MSC) when receiving payments from customers.

With this initiative, all qualifying SME Merchants can now receive payments at zero cost, allowing them to reduce operational expenses, whilst promoting the merchant’s enterprise, and enhancing customer experience.

The Zero Processing Charge campaign aligns with GTBank’s ongoing efforts to empower businesses with innovative financial solutions that drive growth and efficiency.

For more information, merchants are encouraged to contact their Relationship Managers or reach out to the Digital Banking Support Team at [email protected].

“At Guaranty Trust Bank, we are always looking for ways to add value to our financial ecosystem.

“By implementing the zero processing fees on POS transactions, we are empowering businesses to get the full value of every payment they receive, whilst also ensuring a more seamless and efficient payment experience,” the Managing Director of GTBank, Ms Miriam Olusanya, said.

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