Value of Fidelity Bank Stocks Now N1.055trn on NGX

The shares of the financial institution closed flat at midweek, though it witnessed an uptick in trading volume, according to data harvested by Business Post from Customs Street.

Today, investors transacted 40,549,794 units of the company’s equities at the domestic bourse, higher than the 23,397,950 units traded on Tuesday.

With shares outstanding of 50,212,211,331 units at N21.00 each, the market capitalisation of the lender is now about N1.055 trillion, becoming one of the 19 firms on the NGX with a market value of over N1 trillion.

This is not the first time Fidelity Bank is getting to the league of a trillion-naira stock, as it attained this status on April 4, 2025, but fell below the threshold on April 7 before climbing higher again on April 23, and then slipping on May 12, before the latest feat, reflecting the volatility in the stock market, especially influenced by external shocks from the United States and China trade tariffs.

Fidelity Bank has been making efforts to join the league of tier-1 banks, which currently comprises, Zenith Bank, Access Bank, GTBank, UBA, and First Bank, collectively coined ZAGUF by Business Post.

Market analysts have expressed confidence in the ability of Fidelity Bank to rub shoulders with the Big Five in the Nigerian banking industry, particularly with the leadership of its chief executive, Mrs Nneka Onyeali-Ikpe.

The team is running to meet the recapitalisation deadline of the Central Bank of Nigeria (CBN) set for March 31, 2026. The bank must raise its capital base to N500 billion from N25 billion.

In the first quarter of 2025, Fidelity Bank recorded a solid performance, with its post-tax profit growing by 190 per cent to N91 billion, supported by higher interest income, forex gains, and cost efficiencies.

“The strong Q1 results suggest continued upward momentum in its stock. This could boost investor confidence and help sustain its valuation,” an analyst at Chapel Hill Denham, Nabila Mohammed, stated, adding that the lender’s high net interest margin and low-cost deposit base enhance its appeal.

In the past year, the share price of Fidelity Bank has risen by 141 per cent from N8.70 in May 2024 to the current value amid growing investor interest.