Onyeali-Ikpe Acquires N366m Worth Of Fidelity Bank Shares

Managing Director and CEO, Dr Nneka Onyeali-Ikpe, has acquired an additional 18 million shares of the bank, valued at approximately ₦366m.

According to a regulatory filing posted on the Nigerian Exchange Group (NGX) Disclosures portal, this investment was executed at ₦20.35 per share on May 19, 2025, after the Supreme Court ruling in a decades-long case that the bank inherited from the defunct FSB International Bank that it absorbed in 2005.

Between November 21 and 22, 2024, she purchased 15 million shares worth ₦239.4m and subsequently added another 10 million shares valued at ₦157.9m on November 26 and 27, 2024.

In the first quarter of 2025, the bank reported a profit before tax of ₦105.8m, marking a 167.8 per cent increase compared to the same period in 2024. Gross earnings rose by 64.2 per cent year-on-year to ₦315.4bn, driven by significant growth in interest income and non-interest revenue.

The bank’s balance sheet remains strong, with total deposits increasing by 11.1 per cent year-to-date to ₦6.6trn, and net loans and advances growing by 5.0 per cent to ₦4.6trn.

Fidelity Bank’s share price has also demonstrated resilience. After reaching ₦21.00 on May 13, 2025, the stock experienced a modest decline, closing at ₦20.00, a 3.8 per cent decrease. This stability suggests that investors remain confident in the bank’s fundamentals and leadership.

Onyeali-Ikpe Acquires N366m Worth Of Fidelity Bank Shares is first published on The Whistler Newspaper