Fidelity Bank has officially crossed the N1 trillion market capitalisation milestone, following a 1.27 percent increase in its share price at the close of trading on Wednesday.
According to data from the Nigerian Exchange Group (NGX), the bank’s share price rose from N19.75 on Tuesday to N20 on Wednesday, boosting its market value from N991.6 billion to N1 trillion.
With this achievement, Fidelity Bank becomes one of the select Nigerian financial institutions to attain a market capitalisation of over N1 trillion. Others in this category include Zenith Bank, Access Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTB), and First Bank.
The milestone comes on the heels of recent insider share acquisitions by the bank’s Managing Director and Chief Executive Officer, Nneka Onyeali-Ikpe. On May 21, Onyeali-Ikpe acquired 18 million shares in the bank. Two days later, she added another 2 million units to her holdings.
Regulatory filings on the NGX show that the shares were bought on May 22 at N18.60 per share, amounting to N37.2 million. These transactions increased her total shareholding from 94.64 million units as of December 31, 2024, to 114.64 million units.
Fidelity Bank’s strong financial performance has played a key role in boosting investor confidence. In its latest financial report, the bank posted a 167.8 percent year-on-year increase in profit before tax, which rose to N105.8 billion in the first quarter of 2025.
The market response underscores Fidelity Bank’s growing appeal to investors and its rising influence in the Nigerian banking sector.