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Fidelity Bank Sort Codes Across Nigeria



Fidelity Bank - Investors King
  • Sort Codes of Fidelity Bank in Nigeria

A Sort Code identifies both the bank and the branch where an account is domiciled. A sort code is a 9-digit number with the first 3 digits identifying the bank’s code, while the next digit represents the location and the last 5 digits tell the branch.

Below is the complete list of Fidelity Bank sort codes and branches across Nigeria.

1 070150003 HEAD OFFICE
2 070210011 PORT HARCOURT
4 070150032 Allen Avenue
5 070150045 OKEARIN
6 070150058 OYINGBO
7 070150061 ASPAMDA
9 070210082 RUMUOLUMENI
10 070150090 APAPA
11 070020104 NKPOR
12 070020117 NNEWI
13 070150126 MATORI
14 070230130 ABA
15 070150142 IDUMAGBO
16 070210150 ONNE
17 070150168 CORP.BRANCH
18 070080173 GARKI,ABUJA
19 070150184 BBA
20 070080199 WUSE
21 070150207 LBS
22 070120211 KANO
23 070150223 GBAGADA
24 070250233 ENUGU
25 070190241 IBADAN
26 070020256 AWKA
27 070150265 Yaba
28 070150278 Awolowo Road,Ikoyi
29 070150281 Idumota
30 070210299 Trans Amadi 2
31 070080306 Abuja 2
32 070150317 Apapa 2
33 070110328 Kaduna South
34 070150333 Centage Plaza
35 070020340 Onitsha(MAIN)
36 070120350 Kano
37 070060368 Maiduguri
38 070230376 Aba 2
39 070150388 Victoria Island
40 070150391 Balogun
41 070110409 Kaduna North
42 070080416 NNPC
43 070150427 NAHCO
44 070020434 Onitsha(MARKET)
45 070150443 ASPAMDA 2
46 070150456 Matori
47 070210464 Intels
48 070210477 Onne 2
49 070240489 Warri 1
50 070020492 Nnewi 2
51 070150508 ENSEC
52 070080513 Abuja Regional
53 070210529 PH I
54 070190539 Ibadan 2
55 070180549 Akure
56 070320558 Yenagoa
57 070020560 Nkpor 2
58 070020573 Obosi
59 070010583 Uyo
60 070240599 Asaba
61 070250602 Enugu 2
62 070350612 Gombe
63 070150621 Napex
64 070150634 BBA 2
65 070080649 ABUJA 3
66 070120651 KANO 3
68 070210671 PORT HARCOURT 2
69 070230680 ABA 3
70 070020696 NNEWI 3
71 070230703 UMUAHIA
72 070240719 WARRI 2
73 070150728 ENUOWA
74 070150731 EBUTE METTA
75 070150744 DOPEMU
76 070150757 ALABA
77 070150760 BALOGUN 2
78 070150773 BBA 3
79 070150786 ASPAMDA 3
80 070150799 APAPA 3
81 070150809 OBA AKRAN
82 070150825 ADEYEMO ALAKIJA
83 070150838 IBAFON
85 070150854 SAKA TINUBU CASH
88 070150883 TIN CAN ISLAND
89 070070895 CALABAR
90 070100901 NEKEDE
91 070150919 ADEOLA HOPEWELL
92 070020926 NNAMDI AZIKWE
93 070100930 OWERRI MAIN
94 070330946 ABAKALIKI
95 070040951 BENIN
96 070020968 ASUT
97 070150977 FESTAC
98 070150980 LEKKI
99 070020997 IHIALA
100 070231003 ARIARIA
101 070051018 MAKURDI
102 070281024 OBAJANA
103 070331039 AFIKPO
104 070211049 STEEL MARKET MICRO
105 070251054 NSUKKA
106 070221068 SOKOTO
108 070291085 OSHOGBO
109 070091094 YOLA
110 070131103 KATSINA
111 070201114 JOS
112 070151125 EGBEDA
113 070151138 MUSHIN
114 070101146 ORLU
115 070301153 JALINGO
116 070031164 BAUCHI
117 070021174 BRIDGE HEAD
118 070041183 UROMI
119 070281192 LOKOJA
120 070321201 YENAGOA 2
123 070211230 PHC GRA PHASE 1
124 070211243 PH/ABA ROAD
125 070041251 EKPOMA
126 070041264 AUCHI
127 070171273 ABEOKUTA
128 070151280 AKOKA
130 070021307 NSUGBE
131 070371316 GUSAU
132 070151329 APAPA PARK LANE
133 070151332 IRE AKARI BRANCH
134 070361342 MARARABA
135 070041358 UNIBEN

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.

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Personal Finance

Don’t Let Lifestyle Inflation Jeopardize Your Financial Future – FBNQuest



Investors King

A phenomenon that is often less obvious to most people is lifestyle inflation, otherwise known as “lifestyle creep”. It occurs when a rise in discretionary income, the amount available to an individual after making essential expenses, prompts an increase in living standards as luxuries become new necessities.

Financial literacy is an important aspect of learning what strongly impacts your quality of life. It affects your ability to navigate through economic downturns and your response to unexpected financial windfalls. Changes in financial fortunes happen to us in varying measures, influencing how we save, spend and invest. Without a plan, it becomes more difficult to resist increased spending: the urge to upgrade your cable subscription, enjoy fine dining, add more items to your cart, and add a few more luxuries to your travel experience. The list of possibilities is endless when you have more money to spend on optional items.  It all adds up quickly and when you adapt to your new lifestyle, it becomes more challenging to give up former luxuries that now feel like necessities.

It’s not all bad though. A measure of lifestyle inflation is unavoidable and not entirely unacceptable. It is okay to reward yourself, however, you must avoid situations where subtle increases in your expenses become obstacles on your path to achieving your financial goals.

The younger population, in particular, should pay more attention to lifestyle inflation given its potential long-term impact on investment goals. Research in the United States indicates that most inflation-adjusted wage growth occurs in the early working years of the population. It is likely that a similar pattern occurs in Nigeria. This implies that failure to keep lifestyle inflation under control in your early working life may cost you the opportunity to make investments that will be more valuable later in your career.

Lifestyle inflation can be best managed by creating a system that makes it easy to save and invest your money. Here are two simple recommendations that could help you build habits to limit the impact on your financial goals.

  1. Create a reverse budget that treats your goals as bills:  This is a simple spending plan where your primary focus is on saving and investing first, before taking care of any other expense.
  2. Automate your finances, especially your savings and investments: Few people find a way to increase their savings over time, however, modern technology has provided platforms that make it easy to escalate savings and investments routinely. The great thing about automating your finances is that it offers an opportunity to seamlessly create a new habit. Research shows that you are more likely to succeed at things that become habits than at things that require change because we are wired as humans to resist change.

FBNQuest Asset Management offers you the opportunity to automate investments in one of a series of products that best fit your financial goal. If you are a conservative investor, you may consider making regular investments in the FBNQuest Money Market Fund. If you are more risk-tolerant, you may decide to seek higher returns by investing in the FBNQuest Equity Fund. Automatic debits could be made monthly from your bank account.

Creating a system for financial success is all about making intentional choices with our money. A good system will direct your money to the things that matter most and keep you on track to handling lifestyle inflation.

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FG to Earn N462 Billion from Electronic Money Transfer Levy in 2021 – World Bank



Money Transfer - Investors King

The World Bank has said the Federal Government of Nigeria will earn an estimated N462 billion from electronic money transfer levy in 2021.

The leading multilateral financial institution disclosed in its ‘Resilience through Reforms’ report.

The Federal Government had introduced a levy on electronic money transfer in the Finance Act 2020 to take advantage of the growing electronic transfer in the country and up revenue generation.

The electronic money transfer levy is a single one-off charge of N50 on electronic fund transfer in any deposit money bank or financial institution on any type of account on sums of N10,000 or more.

Akpan Ekpo, the Chairman of the Foundation for Economic Research and Training, who spoke in a telephone interview voiced his concerns on the levy.

He said, “The levy is remitted to the government, which is fine. But I think the savers, the people who use the transfer channels, are over-levied. You pay maintenance fee, transfer fee, and I think if this level of levying continues, it will discourage people from using electronic channels.

“Personally, I think the EMT levy should be out of the Finance Act. There is too much burden on the citizens, although the government is making great money from it. Let us hope they use the money wisely, but it shouldn’t have been put there in the first place.

“It is a law now; there is nothing that can be done about it. But I hope it is used wisely, and they would be transparent about how the money is being used.”

Akpan said the EMT levy would discourage individuals outside the formal banking net.

He said, “With the EMT levy, more people are discouraged from using the banks and its services. A lot of Nigerians sell in rural areas, and are outside the financial system net.

“With the EMT, more people are further excluded. There really was no need to introduce the EMT; it will discourage those who are not already in the formal banking sector from even coming into it. It is likely to further deepen the financial exclusion of many Nigerians.”

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Banking Sector

Hope PSBANK Collaborates With FG To Create 100 Jobs In Each Local Government



Hope PSBank- Investors King

Hope Payment Service Bank, a subsidiary of Unified Payment Services Limited and Nigeria’s premier digital bank is collaborating with the Federal Government through the Ministry of Labour and Productivity to create jobs for no fewer than 77,400 people across the country.

The employment opportunity is part of the exit strategy of the Federal Government’s Special Public Works Programme being executed alongside the bank by empowering 100 Nigerians in each of the 774 local governments.

Speaking at the official kick-off of the collaboration, the Managing Director, Hope Payment Service Bank, Mr. Ayotunde Kuponiyi noted that the digital bank serves as an enabling platform that would interface with 77,400 beneficiaries selected from the Special Works Programme of the FG to exit them into self-employment.

Kuponiyi stressed that the focus of the collaboration is geared towards empowering beneficiaries through the agency banking platform in carrying out financial services such as account opening, bills payments, fund transfer, cash in/cash for Nigerians while they earn commission in return with just the use of their smartphones.

According to him, this initiative comes at no cost to the beneficiaries as they can use their phones to carry out agency banking activities for which they earn commissions on each activity carried out. “Once on board, these beneficiaries will become HOPE PSBANK agents. They will undergo training on the various activities by the bank at no cost to them”, he added.

“We are very excited about this collaboration with the Ministry, which is in line with the thrust of the social objectives of Hope Payment Service Bank – poverty reduction through financial inclusion and diffusion of digital financial services”, he said.

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