<h4>Fidelity Bank Reclaims</h4>
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<p><strong><a href="https://openlife.ng/">OpenLife Nigeria</a></strong> reports that leading financial institution, Fidelity Bank Plc, has reentered the trillion-naira market capitalisation club, after its share price rose by 5.3%, climbing from â¦19.95 to â¦21.00 on May 13, 2025, according to data from the <a href="https://openlife.ng/">Nigerian Exchange Limited (NGX</a>). This latest development also brings the total number of Nigerian companies with a trillion-naira market capitalisation to 19.</p>
<p>According to a report published on Techcabal website, the bank had previously dropped below the threshold on May 12, marking another fluctuation in its valuation.</p>
<p>Earlier in the year, Fidelity Bank Plc first reached the trillion-naira milestone on April 4, 2025, joining tier-1 banks such as <a href="https://openlife.ng/">Zenith Bank, Guaranty Trust Holding Company (GTCO), Access Holdings, First HoldCo, and United Bank for Africa (UBA).</a> However, it fell below the mark on April 7 before reclaiming its position on April 23.</p>
<p>With 50.2 billion outstanding shares, the valuation reflects renewed investor confidence and signals Fidelity’s potential transition to tier-1 status. Analysts believe the bank is well-positioned to meet the Central Bank’s â¦500 billion ($311.9 million) minimum capital requirement through equity.</p>
<p>“The strong Q1 results suggest continued upward momentum in its stock,” said Nabila Mohammed, an analyst at Chapel Hill Denham. “This could boost investor confidence and help sustain its valuation.”</p>
<p>The stock has surged 141% in the past year, up from â¦8.70 in May 2024. Meksley Nwagboh, Head of Brand and Communications, attributed the rally to a 189% rise in 2024 after-tax profit—the highest among Nigeria’s top 10 banks.</p>
<p>That momentum carried into 2025, with Q1 after-tax profit soaring 190% to â¦91 billion ($56.8 million), driven by higher interest income, forex gains, and cost efficiencies.</p>
<p>“Lower credit losses helped boost net interest income,” said <a href="https://www.vanguardngr.com/">Olamide</a>, a Lagos-based banking analyst. “Combined with solid full-year results and dividend expectations, the bank’s fundamentals are attracting investors.”</p>
<p>A report from Proshare noted the NGX Banking Index gained 6.96% in Q1 2025, driven by recapitalisation efforts that injected â¦2.4 trillion into the sector. Fidelity was the NGX’s third most-traded stock between February and May.</p>
<p>According to Mohammed, <a href="https://openlife.ng/">Fidelity Bank’s high net interest margin</a> and low-cost deposit base enhance its appeal. On February 8, it completed the first phase of its capital raise with 237% oversubscription. CEO Nneka Onyeali-Ikpe confirmed plans to conclude the next phase before H2 2025.</p>
<p>The bank’s Vision 2025 agenda includes expanding internationally—starting with its 2023 acquisition of Union Bank UK—and securing tier-1 status.</p>
<p>Afrinvest projects continued growth, with gross earnings and pre-tax profit forecasted to rise 46% and 49.4% respectively in 2025, reaching â¦1.5 trillion and â¦415.4 billion. The firm maintains a 12-month target price of â¦21.60 for the stock.</p>
<p>With robust earnings, a solid recapitalisation strategy, and growing investor interest, Fidelity is positioning itself as a strong contender in Nigeria’s top banking tier.</p>
<figure id="attachment_24783" aria-describedby="caption-attachment-24783" style="width: 254px" class="wp-caption alignnone"><img class="size-medium wp-image-24783" src="https://openlife.ng/wp-content/uploads/2024/04/Fidelity-Bank-MD-Mrs-Nneka-Onyeali-Ikpe-254x300.jpg" alt="Fidelity Bank Reclaims Trillion-Naira Market Cap As Stock Rises To â¦21" width="254" height="300" /><figcaption id="caption-attachment-24783" class="wp-caption-text"><strong><em>Nneka Onyeali-Ikpe, Fidelity Bank CEO</em></strong></figcaption></figure>

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