Latest news with #FidelityBank
Yahoo
2 days ago
- Sport
- Yahoo
Upcoming Moosic 5K raises more than $40,000 for borough parks
Moosic is racing to improve its parks. The borough will hold its inaugural 'Move with Moosic 5K Run/Walk' at 9 a.m. Sunday, with all proceeds going toward improving borough parks, Mayor Bob Bennie said. With a route beginning at the Moosic Youth Center on Main Street, the course will take runners past multiple borough parks before looping back for a celebration. So far, the race has raised close to $40,000 from sponsors alone, said Councilwoman Marilyn French, who is also the chairwoman of the race. 'It blew us away,' French said of the support. 'I was like praying we would get to $10,000.' At least 151 people registered for the race, with registrations costing $30 each, she said, adding to the total amount raised. Organizers do not yet have a final breakdown, she said. Fidelity Bank was the presenting sponsor, she said. The idea for the 5K came from a group of moms talking while their kids were at baseball practice over a year ago, French said. Moosic's Santa Parade gets a lot of engagement, so they discussed other seasonal events for the community, she said. 'We were thinking, 'What could we do that's not around a holiday that would get the community engaged and excited that would benefit the parks?' ' she said. That led to the formation of a committee and plans for Moosic to host its first borough-run 5K. Going through a list of Moosic's parks, French envisioned potential improvements, from making the William T. Quinlin Sports Complex, 230 Rear Spring St., more accessible with a walking trail and teener league field upgrades, to getting new backboards for the basketball court at Ken Smerdon Field off Water Street, which currently does not have backboards for its basketball court. Addressing Edmond Piaski Memorial Park on Elm Street is also a top priority, she said, explaining the borough wants to give everything a facelift but make a larger investment into Piaski Park. * Edmond Piaski Park in Moosic on Wednesday, June 4, 2025. (REBECCA PARTICKA/STAFF PHOTOGRAPHER) * Edmond Piaski Park in Moosic on Wednesday, June 4, 2025. (REBECCA PARTICKA/STAFF PHOTOGRAPHER) Show Caption 1 of 2 Edmond Piaski Park in Moosic on Wednesday, June 4, 2025. (REBECCA PARTICKA/STAFF PHOTOGRAPHER) Expand The small neighborhood park needs updated Americans with Disabilities Act-compliant playground equipment along with new fencing, French said. 'It's a cute little park in a neighborhood that has a lot of kids,' she said. 'The last thing we want to do is get rid of it. … It's one of the smaller ones that we can make a big impact on quickly.' She hopes to improve Piaski Park this year. Moosic will also seek grant funding for its parks, but the fundraiser is a way to make an immediate impact, she said. In addition to the race, there will be festivities on Main Street on Sunday, including a DJ, food vendors, ice cream from Fidelity Bank's ice cream truck, coffee, basket raffles and a fire safety house for kids to go through from the Fire Department, French said. Bennie noted the significance of the race route taking runners past other Moosic parks that the fundraising could improve. As runners begin the race at the Moosic Youth Center, they will wind down Main Street and Minooka Avenue to Felter Field, pass by the Moosic High Alumni Memorial and Piaski Park on Elm Street, travel up Spring Street to Mary Ann Nawrocki Park and then loop back around to end at the youth center, according to a race route description. The 5K is a way for Moosic to get extra revenue to designate specifically for its parks without risk of having the funds redirected to items like paving, sewers or other maintenance, Bennie said. 'These dollars go specifically to green spaces,' he said. 'This way it could go right toward the park and improve the quality of life for the residents.' To register for the race, visit Preregistration costs $30 and ends Thursday at 11:59 p.m. Race-day registration will be $35, and organizers can't guarantee T-shirts for those who register that day. Organizers ask race-day registrants to pay with cash. The borough plans to make the 5K an annual event.
Yahoo
2 days ago
- Business
- Yahoo
Midweek fireworks show set for Riverfest
WICHITA, Kan. (KSNW) — Riverfest will add some midweek sparkle to the Wichita skyline Wednesday night with a fireworks show. The display is scheduled to begin around 10:45 p.m. and will launch from the rooftops of the Garvey Buildings at 200 and 300 W. Douglas Ave. Organizers recommend Kennedy Plaza and areas along Douglas Street as the best spots to catch the show. Wichita Southeast High probe shows possible grade tampering; principal replaced The rooftop show, sponsored by Fidelity Bank, is part of Riverfest's weeklong lineup of events, which runs through June 7. Officials remind attendees to follow all safety guidelines and stay behind posted barriers. Rooftop access is prohibited to the public. For more Kansas news, click here. Keep up with the latest breaking news by downloading our mobile app and signing up for our news email alerts. Sign up for our Storm Track 3 Weather app by clicking here. To watch our shows live on our website, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Business Insider
4 days ago
- Business
- Business Insider
Fitch upgrades Fidelity Bank's national rating to ‘A+(nga)', affirms long-term IDR at ‘B'
Global credit rating agency, Fitch Ratings, has affirmed Fidelity Bank Plc's Long-Term Issuer Default Rating (IDR) at 'B' and upgraded its National Long-Term Rating to 'A+(nga)' from 'A(nga)'. The upgrade, announced on May 29, 2025, reflects the bank's strengthened capital buffers and improved profitability, signaling continued positive momentum in its performance. According to Fitch, the rating upgrade is underpinned by Fidelity Bank's successful capital raise through a rights issue and public offer, as well as a notable improvement in profitability—driven by higher interest income and a stable base of low-cost current and savings deposits. Commenting on the announcement, Managing Director/CEO of Fidelity Bank, Dr. Nneka Onyeali-Ikpe, said, 'This upgrade by Fitch Ratings affirms the resilience of our business model, the strength of our risk management practices, and our unwavering focus on delivering sustainable value to stakeholders. Despite a challenging macroeconomic environment, we have continued to maintain strong asset quality, solid profitability, and ample liquidity. This recognition reinforces our position as one of Nigeria's most resilient and customer-focused financial institutions.' One of the key drivers of the improved rating is the bank's robust capitalization. Fitch reports that Fidelity's Fitch Core Capital (FCC) ratio rose to 29.9% at the end of 2024—well above the regulatory minimum. The agency also noted that further capital raising efforts are expected to position the bank to meet the ₦500 billion minimum capital requirement for internationally licensed banks before the 2025 deadline. Fidelity Bank's market positioning remains strong. As Nigeria's sixth-largest bank, it commands approximately 5% of total banking sector assets. The bank's balance sheet is reinforced by a high proportion of low-cost deposits, which accounted for 93% of total deposits as of year-end 2024—among the highest in the Nigerian banking industry. The affirmation and upgrade by Fitch is expected to enhance investor confidence and support Fidelity's continued efforts to scale its operations both locally and internationally. Ranked among the best banks in Nigeria, Fidelity Bank Plc is a full-fledged Commercial Deposit Money Bank serving over 9.1 million customers through digital banking channels, its 255 business offices in Nigeria and United Kingdom subsidiary, FidBank UK Limited. The Bank is the recipient of multiple local and international Awards, including the 2024 Excellence in Digital Transformation & MSME Banking Award by BusinessDay Banks and Financial Institutions (BAFI) Awards; the 2024 Most Innovative Mobile Banking Application award for its Fidelity Mobile App by Global Business Outlook, and the 2024 Most Innovative Investment Banking Service Provider award by Global Brands Magazine. Additionally, the Bank was recognized as the Best Bank for SMEs in Nigeria by the Euromoney Awards for Excellence and as the Export Financing Bank of the Year by the BusinessDay Banks and Financial Institutions (BAFI) Awards.
Zawya
22-05-2025
- Business
- Zawya
Nigeria: Fidelity Bank, Obi denies meeting Tinubu in Rome over alleged $141mln debt
Former Labour Party presidential candidate Peter Obi has denied reports that he met with President Bola Tinubu in Rome to discuss an alleged ₦225 billion debt linked to Fidelity Bank. In a statement released on Thursday, Obi described the report as part of a blackmail campaign aimed at damaging his reputation. 'I have never sought an audience with, nor met, President Tinubu since he assumed office, except about 1 minute meeting at the arena of Saint Peter's Basilica Rome during the inauguration Mass of Pope Leo XIV, where I was seated behind, and had to respectfully greet him, and other dignitaries present,' Obi said. Obi also clarified his relationship with Fidelity Bank, stating that he does not own the bank. 'Throughout my career, I have served as Chairman/Director of 3 banks/Financial institutions, of which Fidelity is one of them. Fidelity has over 500,000 shareholders, none of whom hold a majority stake.' The former Governor of Anambra State attributed the negative reports to paid blackmailers seeking to harm his reputation and cause distress to Fidelity Bank's hardworking employees and shareholders. 'To those peddling these falsehoods, and engaging in blackmail, I offer a simple prayer: May God grant you the virtues of gratitude and understanding to know that we came here with nothing and will go with nothing, that they cannot profit from their evil ways,' he concluded. Copyright © 2022 Nigerian Tribune Provided by SyndiGate Media Inc. (
