{"id":68506,"date":"2025-06-19T08:26:06","date_gmt":"2025-06-19T08:26:06","guid":{"rendered":"https:\/\/abujacityjournal.com\/livenews\/?p=68506"},"modified":"2025-06-19T08:26:06","modified_gmt":"2025-06-19T08:26:06","slug":"fidelity-bank-to-exit-cbn-forbearance-by-june-2025","status":"publish","type":"post","link":"https:\/\/abujacityjournal.com\/livenews\/2025\/06\/19\/fidelity-bank-to-exit-cbn-forbearance-by-june-2025\/","title":{"rendered":"Fidelity Bank to Exit CBN Forbearance by June 2025"},"content":{"rendered":"<p><strong>By Onilede Titi Faith<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>Fidelity Bank has announced it will exit the Central Bank of Nigeria\u2019s (CBN), forbearance programme by the end of June 2025, marking a return to full regulatory compliance and financial stability.<\/p>\n<p>The move follows a Supreme Court ruling in April 2025 regarding a legacy debt tied to a 2002 loan from the defunct FSB International Bank, which Fidelity later acquired.<\/p>\n<p>While reports suggested the bank owed \u20a6225 billion, Fidelity clarified its actual exposure is about \u20a614 billion and is seeking official clarification.<\/p>\n<p>In a statement signed by Meksley Nwagboh, Divisional Head of Brand &amp; Communications, Fidelity dismissed insolvency claims as false, asserting that the bank remains well-capitalised and financially sound.<\/p>\n<p>This was backed by a May 2025 CBN statement affirming Fidelity\u2019s solid financial condition.<\/p>\n<p>Further boosting its outlook, Fitch Ratings upgraded Fidelity\u2019s credit rating from \u201cA(nga)\u201d to \u201cA+(nga)\u201d on May 29, citing improved profitability, stronger capital, and a growing base of low-cost deposits.<\/p>\n<p>The planned exit from the forbearance regime underscores Fidelity Bank\u2019s resilience and readiness to meet new capital requirements, reinforcing its position among Nigeria\u2019s leading financial institutions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Onilede Titi Faith &nbsp; Fidelity Bank has announced it will exit the Central Bank of Nigeria\u2019s (CBN), forbearance programme by the end of June 2025, marking a return to full regulatory compliance and financial stability. The move follows a Supreme Court ruling in April 2025 regarding a legacy debt tied to a 2002 loan [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":68507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173,172],"tags":[],"class_list":["post-68506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/68506","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=68506"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/68506\/revisions"}],"predecessor-version":[{"id":68508,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/68506\/revisions\/68508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media\/68507"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=68506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=68506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=68506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}