Prime Business AfricaNneka Onyeali-Ikpe, the managing director and chief executive officer (CEO) of Fidelity Bank, now holds N1.98 billion net worth in the financial institution after raising her shares by 25 million in 2024.
According to a financial statement released in March 2025, Fidelity Bank announced that Onyeali-Ikpe’s total shares in the company increased from 69.64 million shares as of December 31, 2023, to 94.64 million shares at the end of last year.
Join our WhatsApp ChannelPrior to increasing her shareholding in 2024, Onyeali-Ikpe’s 69.64 million shares were worth N755.64 million, according to Prime Business Africa’s analysis, but after raising her shares by 35.89 percent, her investment rose to N1.65 billion at the end of last year.
However, as of January 2, 2025, Onyeali-Ikpe’s investment in Fidelity Bank was valued at N1.60 billion, rising by N378.57 million year-to-date to N1.98 billion after the company’s share appreciated by 23.52 percent.
The appreciation reflects that the stock market investors took a bullish position on the company’s shares, leading to an increase in demand for Fidelity Bank’s shares, and pushing the share price up from N17 on January 2 to N21 on May 15.
The bull run also earned Fidelity Bank shareholders a combined gain of N200.84 billion, with Onyeali-Ikpe accounting for 0.18 percent of the gain recorded in the last five months.
Analysis also showed that the 23.52 percent increase in share price moved the company into the trillionaire club of the Nigerian stock market, as Fidelity Bank’s market valuation increased from N853.60 billion as of January 2 to N1,05 trillion as of May 15.
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Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
