In a decisive move, underlining the unshakable trust in the resilience of Fidelity Bank Plc, the CEO and CEO, Dr. Nneka Onyeali-Ikpe, acquired an additional 18 million shares of the bank, assessed at about 366 million.
According to a regulatory storage published on the disclosure portal of the Nigerian exchange group (NGX), the strategic investment was performed at ₦ 20.35 per action on May 19, 2025, on the same day on which an online platform published a report not proven on a sentence of the Supreme Court.
The latest acquisition of Dr. Onyeali-Hikpe is not an isolated gesture.
Between 21 and 22 November 2024, he purchased 15 million shares for a value of ₦ 239.4 million and subsequently added another 10 million shares assessed at ₦ 157.9 million on 26 and 27 November 2024. These cumulative investments reflect a coherent model of personal commitment for the long -term success of the bank.
The substantial personal investments of the CEO serve as a powerful testimony of his trust in the strategic direction and financial health of the Fidelity Bank.
By increasing his participation during a period of legal control, Dr. Onyeali-Ikpe sends a clear message of stability and trust in governance and operational integrity of the institution.
Robusta financial performance strengthens investors’ trust
Fidelity Bank’s financial results further validate this trust. In the first quarter of 2025, the Bank recorded a profit before the taxes of ₦ 105.8 billion, marking an increase of 167.8% compared to the same period of 2024. The gross profits increased by 64.2% on an annual basis at ₦ 315.4 billion, pierced by a significant growth of income from interest and from income not interest.
The bank’s budget remains solid, with total deposits that increase by 11.1% from the beginning of the year to ₦ 6.6 trillions and net loans and growing progress by 5.0% to ₦ 4.6 trillion. These figures highlight Fidelity Bank’s strong liquidity position and its ability to support large -scale projects and absorb financial shocks.
Despite the eruption of harmful publications on the bank that was denied by the central bank of Nigeria (CBN), the price of Fidelity Bank’s shares has shown resilience. After reaching ₦ 21.00 on May 13, 2025, the stock recorded a modest drop, closing at ₦ 20.00, a 3.8%reduction. This stability suggests that investors remain safe in the fund’s foundations and leadership.
The continuous investment of Dr. Nneka Onyeali-Ikpe in Fidelity Bank during a period of legal control exemplifies strategic leadership and personal commitment. His actions not only strengthen the trust of investors, but also underline the bank’s solid financial position and resilience.
Since the institution tries to close the legal process as imposed by the Court, the interested parties can support the strength and stability shown at the helm of the Fidelity bank.