Fidelity Bank Plc, one of Nigeria’s top-tier financial institutions, has promoted 376 employees following its recently concluded annual performance review exercise.
The development represents approximately 12% of the bank’s workforce, underscoring its management’s deep appreciation for the pivotal role played by staff in recording the highest growth by percentage volumes in the banking industry with a 210% increase in its Profit Before Tax (PBT) which grew from N124.3 billion in 2023 to N385.2 billion in 2024.”
The announcement, which was recently communicated internally, comes shortly after the bank implemented a “20% across-the-board salary increase in June 2025”, reflecting its strong commitment to employee welfare. “It is worth noting that this follows a similar salary adjustment carried out in November 2024.”
Under the leadership of Dr. Nneka Onyeali-Ikpe, Fidelity Bank has continued to surpass market expectations. “In 2024, the bank recorded the highest share price growth of 116% in the industry following the completion of its Public Offer which was oversubscribed by 238%.”
In further recognition of the bank’s stellar performance, global rating agency Fitch Ratings recently upgraded Fidelity Bank’s National Long-Term Rating from ‘A(nga)’ to ‘A+(nga)’, a testament to the bank’s financial strength and sound management.
“The upgraded ratings reflect improved profitability metrics and robust capital buffers, reinforcing the bank’s sustained upward trajectory.”
