Fidelity Bank CEO Buys ₦366m in Shares, Signaling Strong Confidence in Lender
Fidelity Bank Plc’s Managing Director and CEO, Dr. Nneka Onyeali-Ikpe, has acquired 18 million additional shares in the bank worth ₦366 million, reinforcing confidence in the bank’s stability and prospects.
The transaction, disclosed via the Nigerian Exchange Group (NGX), was executed on May 19, 2025, coinciding with the circulation of an unverified report on a legal case inherited by Fidelity from defunct FSB International Bank.
This move follows earlier acquisitions by the CEO, including 15 million shares in November 2024 (₦239.4m) and another 10 million shares later that same month (₦157.9m), showing consistent personal investment in the bank.
Financial Strength
- Q1 2025 PBT: ₦105.8 billion, up 167.8% YoY
- Gross Earnings: ₦315.4 billion, up 64.2% YoY
- Deposits: ₦6.6 trillion
- Loans and Advances: ₦4.6 trillion
Despite a brief dip in share price (₦21.00 to ₦20.00), investor sentiment remains strong, buoyed by the bank’s performance and the CEO’s visible show of confidence.
Dr. Onyeali-Ikpe’s strategic stake increase amidst legal scrutiny affirms her leadership commitment and belief in Fidelity Bank’s operational integrity.
