Fidelity Bank Plc has successfully raised N259 billion through a Private Placement of Ordinary Shares, significantly strengthening its capital position as it moves to meet new regulatory requirements for commercial banks with international authorisation, news.ng reports.
In a statement issued by the Company Secretary, Ezinwa Unuigboje Tuesday, the bank confirmed that the Private Placement was opened and closed on December 31, 2025, following the receipt of all necessary approvals from key regulators.
“Fidelity Bank Plc (the Bank) is pleased to inform the general public that, following approvals granted by the Central Bank of Nigeria and the Securities and Exchange Commission, it successfully opened and closed a Private Placement of Ordinary Shares on December 31, 2025,” Unuigboje said.
According to the bank, the exercise resulted in a substantial increase in its eligible capital, positioning it comfortably above the minimum threshold set by the Central Bank of Nigeria (CBN), subject to final regulatory sign-off.
“This exercise resulted in the Bank raising N259Billion, increasing its eligible capital from N305.5Billion to N564.5Billion, awaiting regulatory approvals,” the statement noted.
According to the statement, the Private Placement was carried out in line with the mandate granted by shareholders earlier in the year. Unuigboje explained that the transaction was executed under the authority given at the bank’s Extraordinary General Meeting (EGM).
“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 20Billion Ordinary Shares by way of Private Placement,” he said.
The latest capital raise builds on Fidelity Bank’s earlier fundraising efforts in 2024, when it accessed the capital market through a combination of a Public Offer and a Rights Issue.
“The Bank had previously raised N175.85Billion through a Public Offer and Rights Issue in 2024, bringing its eligible capital to N305.5Billion and leaving a margin of N194.5Billion to meet the new regulatory capital requirement of N500Billion for commercial banks with international authorisation,” the statement added.
With the successful completion of the Private Placement, Fidelity Bank has now surpassed the N500 billion regulatory capital requirement, reinforcing its balance sheet and strengthening its capacity to support business growth, expand operations, and deepen its contribution to the Nigerian economy, subject to final regulatory approvals.
