Fidelity Bank Plc has crossed a major milestone, hitting a market capitalisation of N1 trillion 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 valuation rose from N991.6 billion to N1 trillion after its share price climbed from N19.75 on Tuesday to N20 on Wednesday.
With this achievement, Fidelity Bank joins the elite group of Nigerian financial institutions with over N1 trillion in market capitalisation — a category that includes Zenith Bank, Access Bank, United Bank for Africa (UBA), Guaranty Trust Bank (GTB), and First Bank.
The milestone comes on the heels of significant insider confidence. On May 21, the bank’s Managing Director and Chief Executive Officer, Nneka Onyeali-Ikpe, acquired an additional 18 million shares, followed by another 2 million shares on May 22. The transactions, disclosed via regulatory filings, amounted to a total investment of N37.2 million and raised her total shareholding to 114.64 million units from 94.64 million at the end of 2024.
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Fidelity Bank’s financial performance has also played a key role in investor sentiment. In its Q1 2025 financial report, the bank posted a 167.8 percent year-on-year increase in profit before tax (PBT), reaching N105.8 billion.
Market analysts attribute the bank’s valuation growth to strong financial fundamentals, leadership confidence, and increasing investor interest in the Nigerian banking sector.
