Fidelity Bank reached the N1TRN market capitalization after an increase in stock prices

The Fidelity Market capitalization of the Bank has passed the N1 trillion sign as the value of the company’s shares valued at 1.27 percent at the close of trading on Wednesday.

According to data from the Nigerian Exchange Group (NGX), the bank market capitalization reached N1 trillion after its stock prices rose from N19.75 on Tuesday to N20 on Wednesday.

This increase moved the company’s assessment from N991.6 billion to N1 trillion.

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With development, Fidelity Bank joined the list of financial institutions with a market capitalization of more than N1 trillion.

Other companies are Zenith Bank, Access Bank, United Bank of Africa (UBA), Guaranty Trust Bank (GTB), and First Bank.

In the latest financial performance report, Fidelity Bank said they reported the increase in profit and year-to-year 167.8 percent before tax (PBT), which increased to N105.8 billion in the first quarter (Q1) of 2025.