Fidelity Bank Plc, one of Nigeria’s leading tier-one financial institutions, has announced a fresh round of salary increments for its employees, following its impressive performance in the 2024 financial year.
The latest wage adjustment, implemented in May 2025, comes just months after a similar increase in November 2024, reinforcing the bank’s commitment to rewarding excellence and motivating staff who have played pivotal roles in driving superior customer service and achieving strategic corporate milestones.
Under the leadership of Dr. Nneka Onyeali-Ikpe, Fidelity Bank delivered a historic performance in 2024, recording a 210% year-on-year growth in Profit Before Tax, which soared to ₦385.2 billion — the highest in the Nigerian banking industry for the year.
The salary review aligns with the bank’s broader human capital strategy aimed at fostering staff retention, boosting morale, and enhancing productivity.
In line with regulatory expectations, the bank also disclosed that it is on course to meet the Central Bank of Nigeria’s recapitalization directive, with a private placement exercise scheduled for completion in June 2025. This development positions the bank for continued growth and stability in the evolving financial landscape.
Fidelity Bank’s consistent efforts to empower its workforce and strengthen its capital base further affirm its ambition to remain a dominant force in Nigeria’s banking sector.