ADVERTISEMENT
The Moment Nigeria
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
The Moment Nigeria
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport

Fidelity Bank CEO’s strategic share acquisition signals strong confidence in tier-one lender

by Usman Kadri
May 21, 2025
Reading Time: 2 mins read
Fidelity Bank CEO’s strategic share acquisition signals strong confidence in tier-one lender
Share on FacebookShare on TwitterShare on WhatsappShare on LinkedIn

In a decisive move underscoring unwavering confidence in Fidelity Bank Plc’s resilience, Managing Director and CEO, Dr. Nneka Onyeali-Ikpe has acquired an additional 18 million shares of the bank, valued at approximately ₦366 million.

According to a regulatory filing posted on the Nigerian Exchange Group (NGX) disclosures portal, the strategic investment was executed at ₦20.35 per share on May 19, 2025, the same day an online platform published an unsubstantiated report on a Supreme Court ruling in a decades-long case that the bank inherited from the defunct FSB International Bank that it absorbed in 2005.

Dr. Onyeali-Ikpe’s latest acquisition is not an isolated gesture.

RELATED STORIES

NLC condemns salary hike plan for political officeholders, calls it ‘insensitive’

NLC condemns salary hike plan for political officeholders, calls it ‘insensitive’

August 25, 2025
Stanbic IBTC Bank announces the return of its exclusive Save and Enjoy promo season 2

Stanbic IBTC Bank announces the return of its exclusive Save and Enjoy promo season 2

August 25, 2025

Between November 21 and 22, 2024, she purchased 15 million shares worth ₦239.4 million, and subsequently added another 10 million shares valued at ₦157.9 million on November 26 and 27, 2024. These cumulative investments reflect a consistent pattern of personal commitment to the bank’s long-term success.

The CEO’s substantial personal investments serve as a powerful testament to her confidence in Fidelity Bank’s strategic direction and financial health.

By increasing her stake during a period of legal scrutiny, Dr. Onyeali-Ikpe sends a clear message of stability and trust in the institution’s governance and operational integrity.
Robust Financial Performance Reinforces Investor Confidence

Fidelity Bank’s financial results further validate this confidence. In the first quarter of 2025, the bank reported a Profit Before Tax of ₦105.8 billion, marking a 167.8% increase compared to the same period in 2024. Gross earnings rose by 64.2% year-on-year to ₦315.4 billion, driven by significant growth in interest income and non-interest revenue.

The bank’s balance sheet remains solid, with total deposits increasing by 11.1% year-to-date to ₦6.6 trillion, and net loans and advances growing by 5.0% to ₦4.6 trillion. These figures highlight Fidelity Bank’s strong liquidity position and its capacity to support large-scale projects and absorb financial shocks.
Despite the rash of malicious publications on the bank that has been debunked by the Central Bank of Nigeria (CBN), Fidelity Bank’s share price has demonstrated resilience. After reaching ₦21.00 on May 13, 2025, the stock experienced a modest decline, closing at ₦20.00, a 3.8% decrease. This stability suggests that investors remain confident in the bank’s fundamentals and leadership.

Dr. Nneka Onyeali-Ikpe’s continued investment in Fidelity Bank during a period of legal scrutiny exemplifies strategic leadership and personal commitment. Her actions not only reinforce investor confidence but also underscore the bank’s robust financial standing and resilience.

As the institution looks to closing out the legal process as mandated by the court, stakeholders can take solace in the demonstrated strength and stability at the helm of Fidelity Bank.

Next Post
Testimonies galore as Apostle Suleman ends two-day ‘Recovery Conference’ in Canada

Testimonies galore as Apostle Suleman ends two-day 'Recovery Conference' in Canada

More Articles...

Court remands Osun monarch, 4 others for illegal gold mining

Court jails man arrested selling loud in Lagos hotel

August 25, 2025
NLC condemns salary hike plan for political officeholders, calls it ‘insensitive’

NLC condemns salary hike plan for political officeholders, calls it ‘insensitive’

August 25, 2025
Stanbic IBTC Bank announces the return of its exclusive Save and Enjoy promo season 2

Stanbic IBTC Bank announces the return of its exclusive Save and Enjoy promo season 2

August 25, 2025
Customer laments how Polaris Bank ruined his holiday plans

Polaris Bank, NCF partner on Tree-Planting drive to combat Carbon emissions in Rivers

August 25, 2025
NSC’s busy sporting calendar showcases Nigeria’s rising global presence

NSC’s busy sporting calendar showcases Nigeria’s rising global presence

August 25, 2025
Lagos, AFREXIM train 253 export ready entrepreneurs,  unveil 20 trade champions to IATF Algiers 2025

Lagos, AFREXIM train 253 export ready entrepreneurs,  unveil 20 trade champions to IATF Algiers 2025

August 25, 2025

STANBIC IBTC ADVERT

About Us

Themomentng.com is an online community of reporters and social advocates dedicated to bringing you features, news reports by Africans, but from a global perspective.

Contact Us

+447771081433
+2348051966180(WhatsApp/SMS Only)
Email: themomentng@gmail.com

Categories

  • Business
  • Education
  • Entertainment
  • Events
  • Featured
  • Food
  • Foreign
  • Health
  • Interviews
  • Life and Styles
  • Metro
  • Motoring
  • News
  • Opinion
  • Politics
  • Religion
  • Society
  • Sport
  • Technology
  • Top Story

Follow Us

Facebook Twitter Instagram

Copyright © Themomentng.com. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport