Fidelity Bank CEO Nneka Onyeali-Ikpe buys 18 million shares worth N366.3 million  

This was disclosed in a notice of directors’ dealings published on the Nigerian Exchange on May 19, 2025, and signed by the Company Secretary, Ezinwa Unuigboje.

According to the disclosure, the 18,000,000 units of shares were acquired at a price of N20.35 per share, bringing the total value of the purchase to approximately N366.3 million.

The transaction, which took place in Lagos, was dated May 19, 2025, and recorded under the identification code NGFIDELITYB5.

The acquisition also appears to have fueled trading activity, with Fidelity Bank leading the volume chart on May 19, 2024, with 60.1 million shares exchanging hands on the Nigerian Exchange.

The purchase will likely boost investor confidence and comes on the heels of a disclosure made the same day, in which the bank refuted a false bankruptcy claim it said was orchestrated by a certain media group to discredit and embarrass the institution.

Fidelity Bank has maintained a bullish trend so far in 2025, with a year-to-date gain of 8.6%.

Fidelity Bank Plc delivered a strong start to the year, reporting a pre-tax profit of N107.77 billion in Q1 2025—a 167.79% year-on-year growth.

This performance was largely fueled by a surge in interest income, which made up 89% of the bank’s total gross earnings.

The bank’s balance sheet reflected this momentum. Customer deposits rose by 11.15%, with Fidelity attracting N661.95 billion in new deposits—signaling strong market confidence.

This deposit growth helped boost total assets by 18.48% to N10.45 trillion, while cash reserves soared by 128.90% to N1.62 trillion.