Fidelity Bank’s market capitalisation has surpassed the N1 trillion mark following a 1.27% increase in its share price at the close of trading.

According to data from the Nigerian Exchange Group (NGX), the bank’s share price rose from N19.75 on Tuesday to N20 on Wednesday, pushing its market value to N1 trillion.

The rise in share price lifted Fidelity Bank’s valuation from N991.6 billion to N1 trillion.

This development places the bank among the select group of financial institutions with a market capitalisation above N1 trillion.

The other companies in this category include Zenith Bank, Access Bank, United Bank for Africa, Guaranty Trust Bank, and First Bank.

Recall, the Fidelity Bank’s Managing Director and CEO, Nneka Onyeali-Ikpe, recently acquired an additional 18 million shares in the bank.

Two days later, Onyeali-Ikpe purchased an additional 2 million shares in the bank.

Fidelity Bank, in its latest financial report, recorded a 167.8% year-on-year growth in profit before tax (PBT), reaching N105.8 billion in the first quarter (Q1) of 2025.