Fidelity Bank Reaches ₦1 Trillion Market Cap Again

Beulah Godfrey

May 14, 2025
2 min read

Fidelity Bank Plc, a tier-2 Nigerian bank, crossed the ₦1 trillion market capitalisation mark on Friday, April 4, 2025, placing it among the ranks of tier-1 banks like Zenith Bank, GTCO, Access Holdings, First HoldCo, and UBA.

Although the bank dipped below that milestone on Monday, April 7, it climbed back above the threshold on April 23. It briefly slipped again on May 12 but quickly returned to the trillion-naira group after its share price jumped 5.3% to ₦21.00, up from ₦19.95 on April 4. This rise now brings the total number of Nigerian companies with a market cap of over ₦1 trillion to 19.

Moreover, Market capitalisation shows how much a public company is worth. It’s calculated by multiplying the company’s share price by the number of its outstanding shares. In Fidelity’s case, with 50.2 billion outstanding shares, the recent price surge pushed its value back to one trillion naira.

Fidelity Bank Attracts Investor Interest with Impressive Growth

Fidelity Bank’s fast growth is attracting more investors and could help it move up to tier-1 status. The bank is also in a strong position to meet the Central Bank of Nigeria’s new capital requirement of ₦500 billion ($311.9 million). This would help it raise more money and increase its presence on the Nigerian Exchange.

According to Nabila Mohammed, a research analyst at Chapel Hill Denham, Fidelity’s solid financial results, especially in the first quarter of 2025, suggest that its stock value may continue to grow. This progress boosts investor confidence and could lead to higher demand for the bank’s shares.

Meksley Nwagboh, the Chief Marketing Officer of Fidelity Bank, said the share price surged by 141% from ₦8.70 on May 13, 2024, due to the bank’s strong 2024 performance. The bank reported the highest after-tax profit growth—189%—among the country’s top 10 banks.

“Our strong 2024 results pushed up investor interest,” Nwagboh explained. “We kept that momentum in Q1 2025, with continued triple-digit growth, showing strong market confidence.”