Connect with us

Hi, what are you looking for?


Nigeria’s top-performing bank share is Fidelity Bank

Nigeria's top-performing bank share is Fidelity Bank
Nigeria's top-performing bank share is Fidelity Bank

 Touchaheart reports , Fidelity Bank Plc. shares have had Nigeria’s greatest year-to-date bank share performance with a 32% increase in value. According to a recent Bloomberg piece, this is the case.

After finalising the acquisition of Union Bank UK, Mrs. Nneka Onyeali-Ikpe, MD/CEO of Fidelity Bank Plc, spoke with the platform’s journalist about the 35-year-old institution’s business expansion plans, particularly to other African nations, saying that, “The strategy is for us to move footprint outside Nigeria and be able to compete favourably with our peers. We should be able to visit six nations in the next three years if we go to at least two per year.

READ ALSO: Sterling One Foundation Supports Community Pot Initiative Towards Achievement of Global Goals Two and Three

In order to keep its fees from facilitating trade and associated banking jobs from going to bigger competitors, Fidelity is rushing to grow. According to the African Trade Policy Centre of the United Nations Economic Commission for Africa, trade inside the continent, which currently totals more than $350 billion annually, is predicted to increase by 52% over the next ten years.

Nigeria's top-performing bank share is Fidelity Bank
Lenders are being forced to seek outside of Africa to reduce their risks and increase their chances due to the continent’s largest economy’s slow economic recovery, two recessions in 2016 and 2020, currency devaluations, and severe dollar shortages.

By 2025, according to earnings and assets, Onyeali-Ikpe, who assumed the position two years ago, wanted Fidelity to rank among the top five banks in the nation. It is the sixth-largest in the nation lender having assets over 4 trillion naira

You May Also Like

Press Release

In his words, he said “Democracy is not about politics; Democracy literally means the power of the people.The strength of a nation lies in...


England’s recent defeat in a crucial pre-Euro 2024 match has sent shockwaves through the footballing world, prompting captain Harry Kane to label it as...


In a move that sent shockwaves through Nigeria’s political and law enforcement circles, former Lagos State Governor and influential political figure Bola Tinubu has...


TOUCHAHEART – The Nigeria Labour Congress (NLC) has vowed to reject any minimum wage proposal below ₦250,000, describing such offers as “starvation wages”. The...