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Fidelity Bank CEO's Strategic Share Acquisition Signals Strong Confidence

  • Fidelity Bank CEO Dr. Nneka Onyeali-Ikpe acquired 18 million shares on May 19, 2025, demonstrating strong confidence in the bank.
  • This purchase followed substantial profit growth and deposit surges in 2024 and early 2025, fueled by rising interest income and strategic expansion.
  • The bank reported a 210% increase in profit before tax to ₦385.2 billion in 2024 and reached ₦6.6 trillion in deposits by April 2025.
  • Dr. Onyeali-Ikpe made her shares acquisition at ₦20.35 each, totaling about ₦366 million, amidst positive market sentiment and a rising share price.
  • Her investment reinforces investor confidence and reflects Fidelity Bank’s resilience and strategic leadership despite ongoing legal challenges.
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SocietyNow broke the news in on Monday, May 19, 2025.
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