Fidelity Bank’s market capitalization has crossed the N1 trillion mark after a 1.27% increase in its share price at the close of trading.
According to data from the Nigerian Exchange Group (NGX), the bank’s share price rose from N19.75 on Tuesday to N20 on Wednesday, pushing its market valuation from N991.6 billion to N1 trillion.
With this development, Fidelity Bank joins an elite group of financial institutions in Nigeria with a market capitalization of over N1 trillion.
The other banks in this category are: Zenith Bank, Access Bank, United Bank of Africa (UBA), Guaranty Trust Bank (GTB) and First Bank.
This milestone reflects renewed investor confidence in Fidelity Bank’s performance and strategic direction.
In May, the bank’s Managing Director and CEO, Nneka Onyeali-Ikpe, acquired additional shares in the bank, increasing her stake to 114.64 million shares. This move demonstrates her confidence in the bank’s growth prospects.
Fidelity Bank’s impressive financial performance has likely contributed to its market capitalization growth.
In the first quarter of 2025, the bank reported a 167.8% year-on-year increase in profit before tax (PBT), reaching N105.8 billion.
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