Company: Fidelity Bank
Country: Nigeria
Sector: Regional Banks
CEO: Nneka Onyeali-Ikpe
Website: https://www.fidelitybank.ng
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Lagos, Nigeria
Founded: 1987
Valuation/Revenue: $552.9m revenue; $621.7m market value (African Business Top 250, 2025)
Fidelity Bank Plc is a Nigerian commercial bank offering retail, SME and corporate banking services to around 4 million customers through branches, ATMs and digital channels across all Nigerian states. Listed on the Nigerian Exchange since 2005, it is one of the country’s mid-to-large tier commercial banks and has expanded internationally through subsidiaries and representative offices.
What Does Fidelity Bank Do?
Fidelity Bank provides universal banking services including savings and current accounts, SME and trade finance, corporate lending, treasury and international banking, with a particular reputation for SME-focused lending programmes. It was originally licensed as a merchant bank before converting to a commercial banking licence and later obtaining international authorisation from the Central Bank of Nigeria, allowing it to operate cross-border banking services.
Is Fidelity Bank Legit?
Yes. Fidelity Bank is a fully licensed Nigerian commercial bank regulated by the Central Bank of Nigeria, listed on the NGX since 2005, and one of Nigeria’s more consistently profitable mid-tier banks. It has over 400,000 shareholders and publishes regular audited financial statements, and holds tier-one capital in the region of $1 billion along with total assets exceeding $4 billion.
How Big Is Fidelity Bank?
According to African Business magazine’s Top 250 companies in Africa list for 2025, Fidelity Bank generated revenue of roughly $553 million with a market value of about $622 million, ranking 148th among Africa’s largest companies. The bank has grown significantly in recent years, aided by Nigeria’s high-interest-rate environment boosting net interest income, and was among the Nigerian banks that moved early and successfully to raise fresh capital in 2024 in response to the Central Bank of Nigeria’s new, sharply higher minimum capital requirements for commercial banks.
Who Is the CEO of Fidelity Bank?
Nneka Onyeali-Ikpe serves as Managing Director/Chief Executive Officer of Fidelity Bank, having led the bank through its post-2020 growth phase, its capital-raising exercise tied to the CBN’s recapitalisation programme, and continued expansion of its digital banking and SME lending franchise. She is one of a relatively small number of women leading major Nigerian commercial banks.
Who Owns Fidelity Bank?
Fidelity Bank is a widely held public company with over 400,000 shareholders following its 2005 NGX listing; it does not have a single dominant controlling shareholder, with ownership spread among Nigerian and international institutional investors and retail shareholders.
Is Fidelity Bank Publicly Traded?
Yes. Fidelity Bank trades on the Nigerian Exchange and has also accessed international capital markets through Eurobond issuances used to fund its balance sheet and support trade finance activities.
What Has Fidelity Bank Been in the News For Recently?
Fidelity Bank has featured prominently in Nigerian financial press coverage of the banking sector’s 2024-2025 recapitalisation drive, in which the Central Bank of Nigeria required commercial banks with international authorisation to hold significantly higher minimum capital. Fidelity Bank successfully completed a public offer and rights issue that met or exceeded its new capital requirement ahead of many peers, reinforcing its reputation for prudent capital management. The bank has also continued to expand its SME- and youth-focused lending and digital banking initiatives.
Links
Website: https://www.fidelitybank.ng
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is Fidelity Bank legit? Yes, it is a Central Bank of Nigeria-licensed, NGX-listed commercial bank operating since the late 1980s.
Who owns Fidelity Bank? A widely held public company with over 400,000 shareholders and no single controlling owner.
Who is the CEO of Fidelity Bank? Nneka Onyeali-Ikpe, Managing Director/CEO.
How big is Fidelity Bank? Revenue of about $553 million and market value near $622 million per African Business’s 2025 Top 250 ranking.
Where is Fidelity Bank headquartered? Victoria Island, Lagos, Nigeria.
When was Fidelity Bank founded? 1987, later converting from a merchant bank to a full commercial bank.