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Air Peace Boss Onyema Hails Fidelity Bank’s Financial Muscle After $400m Eurobond Repayment
Air Peace Boss Onyema Hails Fidelity Bank’s Financial Muscle After $400m Eurobond Repayment
Air Peace Chairman, Allen Onyema, congratulates Fidelity Bank on the successful repayment of its $400 million Eurobond at maturity.
The bank funded the repayment entirely from its internal liquidity after meeting its obligations throughout the five-year tenure.
Onyema attributes the achievement to the strategic leadership of Fidelity Bank Managing Director, Nneka Onyeali-Ikpe.
He also commends the bank for completing its recapitalisation ahead of the Central Bank of Nigeria’s stipulated deadline.
November 01, () – The Chairman and Chief Executive Officer of Air Peace, West and Central Africa’s largest airline, Allen Onyema, has congratulated Fidelity Bank Plc on the successful repayment of its US$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 said the successful repayment reflected the bank’s financial capacity, disciplined management and commitment to meeting its obligations.
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Onyema attributed the milestone to the strategic foresight and leadership of Fidelity Bank’s Managing Director and Chief Executive Officer, Dr Nneka Onyeali-Ikpe, whose leadership, he noted, had continued to strengthen the bank’s financial standing and reputation within Nigeria’s banking industry.
Commends Early Recapitalisation
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The Air Peace chairman also applauded Fidelity Bank for successfully completing its recapitalisation exercise ahead of the deadline stipulated by the Central Bank of Nigeria (CBN).
He described the successful Eurobond repayment and early completion of the recapitalisation exercise as further evidence of sound corporate governance and sustainable financial management.
The CBN had directed banks to meet revised minimum capital requirements under its banking sector recapitalisation programme, with the deadline set for March 31, 2026.
Onyema’s commendation comes against the backdrop of the importance of financial stability and adequate capitalisation in strengthening the capacity of Nigerian banks to support businesses and contribute to economic growth.
Highlights Banking-Aviation Partnership
Highlighting the relationship between the banking and aviation industries, Onyema underscored the importance of financially resilient institutions such as Fidelity Bank in supporting capital-intensive sectors, particularly aviation.
He noted that access to financing remained essential to fleet development, operational sustainability and the overall growth of the aviation industry.
According to him, strong partnerships between financial institutions and indigenous enterprises are indispensable to strengthening Nigeria’s economic competitiveness and advancing the country’s broader development aspirations.
The Air Peace chief congratulated Onyeali-Ikpe, the Board, Management and entire Fidelity Bank workforce on the achievements, expressing confidence in the institution’s capacity to attain even greater milestones.
He also reaffirmed Air Peace’s goodwill towards Fidelity Bank, wishing the institution continued growth, enduring stability and greater accomplishments in Nigeria’s financial services landscape.
Fidelity Bank’s $400 million Eurobond was issued with a five-year maturity period. Its repayment at maturity using internal liquidity was the central achievement highlighted by Onyema in his congratulatory message.
The bank’s recapitalisation was also cited as a significant milestone in its efforts to strengthen its capital base and position itself to support businesses across different sectors of the Nigerian economy.
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