Onyema Hails Fidelity Bank Over $400M Eurobond Repayment - THISDAYLIVE

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 maturity, describing the achievement as a remarkable demonstration of financial strength, institutional discipline and visionary leadership.

In a congratulatory message issued on behalf of the Board, Management and Staff of Air Peace Limited, Onyema commended the Bank for meeting its obligations throughout the five-year tenure of the Eurobond, particularly its decision to fund the repayment entirely from internal liquidity.

He attributed the milestone to the strategic foresight of Fidelity Bank’s Managing Director and Chief Executive Officer, Dr. Nneka Onyeali-Ikpe, whose leadership, he noted, has continued to strengthen the Bank’s financial standing and reputation within Nigeria’s banking industry.

Onyema further applauded the Bank’s successful completion of its recapitalisation ahead of the Central Bank of Nigeria’s stipulated deadline, describing both achievements as evidence of sound corporate governance and sustainable financial management.

Highlighting the critical relationship between banking and aviation, he underscored the importance of financially resilient institutions such as Fidelity Bank in supporting capital-intensive sectors, particularly aviation, where access to financing remains essential to fleet development, operational sustainability and industry growth.

He noted that strong partnerships between financial institutions and indigenous enterprises are indispensable to strengthening Nigeria’s economic competitiveness and advancing the country’s broader development aspirations.

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