WorldStage–Fidelity Bank Plc, a Nigeria’s leading bank has confirmed that it successfully completed a private placement of ordinary shares on December 31, 2025 which resulted in raising N259 billion and increasing its eligible capital from N305.5 billion to N564.5 billion.
Fidelity Bank in a notice at the Nigerian Exchange on Tuesday said the exercise followed approvals granted by the Central Bank of Nigeria and the Securities and Exchange Commission.
“The Private Placement was conducted pursuant to the authorisation received from the bank’s shareholders at the Extraordinary General Meeting of February 6, 2025, to issue up to 20 billion ordinary shares by way of private placement,” the notice said.
“The Bank had previously raised N175.85 billion through a public offer and rights issue in 2024, bringing its eligible capital to N305.5 billion and leaving a margin of N194.5 billion to meet the new regulatory capital requirement of N500 billion for commercial banks with international authorisation.”
