The Managing Director and Chief Executive Officer of Fidelity Bank Plc, Nneka Onyeali-Ikpe, has increased her stake in the bank by acquiring an additional 10 million shares, valued at N157.9m.

The shares were purchased in two separate transactions between November 26 and 27, at an average price of N15.79 per share. Onyeali-Ikpe acquired 6 million units at N15.95 per share and an additional 4 million units at N15.55 per share.

This move follows a previous acquisition where she bought 15 million shares in Fidelity Bank between November 21 and 22, 2024, valued at N239.4m. The latest purchase, which forms part of an insider trading notification, was disclosed in accordance with the Nigeria Exchange Limited’s regulatory requirements for share dealings by directors of listed companies.

The PUNCH reported that the Managing Director/Chief Executive Officer of Fidelity Bank, Dr Nneka Onyeali-Ikpe, has said that the bank was able to meet and surpass its target from the just concluded combined offer.