In a bold move, Fidelity Bank Plc’s Managing Director and CEO, Dr. Nneka Onyeali-Ikpe, has acquired an additional 18 million shares of the bank, valued at approximately ₦366 million.
This strategic investment, executed at ₦20.35 per share on May 19, 2025, demonstrates her confidence in the bank’s resilience and long-term success.
This latest acquisition is not an isolated gesture. Dr. Onyeali-Ikpe has consistently shown her commitment to Fidelity Bank, purchasing 15 million shares worth ₦239.4 million between November 21-22, 2024, and adding another 10 million shares valued at ₦157.9 million on November 26-27, 2024.
Fidelity Bank’s financial results further validate Dr. Onyeali-Ikpe’s confidence. In the first quarter of 2025, the bank reported a profit before tax of ₦105.8 billion, marking a 167.8% increase compared to the same period in 2024. Gross earnings rose to ₦315.4 billion, driven by significant growth in interest income and non-interest revenue.
The bank’s balance sheet remains solid, with total deposits increasing by 11.1% year-to-date to ₦6.6 trillion, and net loans and advances growing by 5.0% to ₦4.6 trillion.
Despite malicious publications debunked by the Central Bank of Nigeria (CBN), Fidelity Bank’s share price has demonstrated resilience, closing at ₦20.00, a modest 3.8% decrease after reaching ₦21.00 on May 13, 2025.
This stability suggests investors remain confident in the bank’s fundamentals and leadership.
Dr. Onyeali-Ikpe’s continued investment in Fidelity Bank exemplifies strategic leadership and personal commitment, reinforcing investor confidence and underscoring the bank’s robust financial standing and resilience.
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