Fidelity Bank has formally crossed the N1 trillion market capitalisation threshold following a modest rise in its share value, marking a big milestone in its development trajectory on the Nigerian Trade Group (NGX).
Knowledge from the NGX reveals the {bank}’s market capitalisation climbed to N1 trillion on Wednesday after its inventory rose by 1.27 % — from N19.75 on Tuesday to N20.
The valuation surge positions Fidelity Bank amongst an elite group of Nigerian {financial} establishments whose market value exceeds N1 trillion.
Others on this unique membership embody Zenith Bank, Access Bank, United {Bank} for Africa (UBA), Guaranty Trust {Bank} (GTB), and First {Bank}.
This milestone comes amid elevated investor confidence within the {bank}’s management and {financial} well being.
In Might, the managing director and CEO, Nneka Onyeali-Ikpe, considerably elevated her fairness stake within the {bank}, buying 20 million shares inside two days — 18 million on Might 21 and one other 2 million on Might 22 at N18.60 per share.
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The acquisitions introduced her whole holdings to 114.64 million shares, up from 94.64 million as of December 31, 2024.
Fidelity Bank’s stellar {financial} efficiency has doubtless fueled this development.
In its newest Q1 2025 {financial} report, the {bank} posted a 167.8 % year-on-year leap in revenue earlier than tax (PBT), hitting N105.8 billion.
The {bank}’s robust earnings, strategic management strikes, and constant investor confidence proceed to spice up its profile as one in all Nigeria’s most formidable {financial} establishments.
