Onyema Hails Fidelity Bank Over $400M Eurobond Repayment
Chine Eze The Chairman and Chief Executive Officer of leading Nigerian carrier, Air Peace, Dr. Allen Onyema, has congratulated Fidelity Bank Plc on the successful repayment of its $400 million Eurobond at
Dr. Allen Onyema, Chairman and CEO of Air Peace, has praised Fidelity Bank Plc for successfully repaying its $400 million Eurobond at maturity. In a congratulatory message, Onyema lauded the bank for meeting its obligations throughout the five-year term of the Eurobond, highlighting its decision to fund repayment entirely from internal liquidity.
He attributed this milestone to the strategic foresight of Fidelity Bank’s Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, whose leadership has bolstered the bank's financial standing and reputation in Nigeria's banking sector. Onyema also commended the bank for completing its recapitalization ahead of the Central Bank of Nigeria's deadline, emphasizing the importance of strong corporate governance and sustainable financial management.
The CEO noted that financially resilient institutions like Fidelity Bank play a crucial role in supporting capital-intensive sectors such as aviation, where access to financing is vital for fleet development and operational sustainability. Onyema emphasized that robust partnerships between financial institutions and indigenous enterprises are essential to enhancing Nigeria's economic competitiveness and advancing the country's development goals.
Written by urgent.news from This Day's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
