Fidelity Bank is facing a confidence crisis as jittery investors continue to offload its shares, triggering an 11% slump on the Nigerian Exchange (NGX) amid mounting concerns over delayed earnings and a lingering N225 billion judgment debt.
The bank’s half-year 2025 financial statements are yet to be published, fueling speculation over its financial health at a time when other tier-1 and tier-2 lenders have already declared strong results. The silence has unsettled the market, with trading activity showing heavy selloffs that dragged the stock down to N18.45, below its recent highs.
Investors’ anxiety is compounded by the unresolved Supreme Court judgment in favour of Sagecom Concept Ltd, which saddled Fidelity Bank with a staggering N225 billion liability tied to the legacy acquisition of FSB International Bank. Despite assurances of resilience from management and the Central Bank of Nigeria, many fear the payout could erode the bank’s earnings and capital buffers.
Market analysts warn that without immediate disclosure of its financial performance, Fidelity risks further erosion of shareholder value. The judgment debt and earnings delay, they say, have created a “perfect storm” that could keep the stock under selling pressure for weeks to come
