Fidelity Bank crosses N1tn market capitalisation after share price gain
Fidelity Bank has exceeded a market capitalisation of N1 trillion as its share price experienced a 1.27% rise at the end of trading.As per information from the Nigerian Exchange Group (NGX), the bank’s share price increased from N19.75 on Tuesday to N20 on Wednesday, elevating its market value to N1 trillion.
The share price surge enhanced Fidelity Bank’s valuation from N991.6 billion to N1 trillion.
This milestone positions the bank among the elite group of financial institutions with market capitalisation exceeding N1 trillion.
Other banks in this category include Zenith Bank, Access Bank, United Bank for Africa, Guaranty Trust Bank, and First Bank.
It is worth noting that Nneka Onyeali-Ikpe, the Managing Director and CEO of Fidelity Bank, recently bought an additional 18 million shares in the bank.
Just two days later, Onyeali-Ikpe acquired another 2 million shares in the institution.
In its most recent financial report, Fidelity Bank noted a 167.8% year-on-year increase in profit before tax (PBT), reaching N105.8 billion in the first quarter (Q1) of 2025.
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