Fidelity Bank Plc has achieved a major financial milestone by crossing the ₦1 trillion mark in market capitalisation, following a 1.27% rise in its share price.
According to data from the Nigerian Exchange Group (NGX), the bank’s share price increased from ₦19.75 on Tuesday to ₦20 on Wednesday, pushing its market value from ₦991.6 billion to ₦1 trillion.
With this feat, Fidelity Bank has now joined the exclusive list of Nigerian financial institutions with a market capitalisation above ₦1 trillion — alongside Zenith Bank, Access Bank, UBA, GTBank, and First Bank.
The bank’s strong performance also comes on the heels of strategic investments by its Managing Director and CEO, Nneka Onyeali-Ikpe. On May 21, she acquired 18 million shares in the bank, followed by another 2 million units on May 22, bringing her total holdings to 114.64 million shares — up from 94.64 million as of December 2024. The second batch of shares was purchased at ₦18.6 per unit, totalling ₦37.2 million.
Fidelity Bank’s growth is further reflected in its robust Q1 2025 financial report, where it posted a 167.8% year-on-year increase in profit before tax, rising to ₦105.8 billion.
This steady upward trend underscores growing investor confidence and positions the bank as one of the strongest performers in Nigeria’s banking sector.
