Fidelity Bank Surpasses N1 Trillion Market Capitalisation After Share Price Surge

Fidelity Bank has officially joined the elite group of Nigerian financial institutions with a market capitalisation exceeding N1 trillion, following a modest rise in its share price.

According to data from the Nigerian Exchange Group (NGX), the bank’s market value reached the milestone on Wednesday after its share price climbed by 1.27 percent  from N19.75 on Tuesday to N20.

This increase boosted the bank’s valuation from N991.6 billion to N1 trillion, placing Fidelity Bank alongside top-tier banks such as Zenith Bank, Access Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTB), and First Bank.

The bank’s growth trajectory is further reinforced by recent insider acquisitions. On May 21, Nneka Onyeali-Ikpe, Managing Director and Chief Executive Officer of Fidelity Bank, purchased 18 million shares. She followed up with the acquisition of an additional 2 million shares on May 22, bringing her total holdings to 114.64 million shares up from 94.64 million as of December 31, 2024. The shares were acquired at a unit price of N18.6, amounting to N37.2 million.

Fidelity Bank’s strong financial performance has also contributed to investor confidence. In its Q1 2025 financial report, the bank announced a 167.8 percent year-on-year growth in profit before tax (PBT), which rose to N105.8 billion.

This milestone highlights Fidelity Bank’s robust performance and growing influence within Nigeria’s banking sector.