Fidelity Bank Raises N259 Billion, Surpasses N500 Billion Capital Requirement

Fidelity Bank Plc announced a successful private placement raising N259 billion, exceeding the N500 billion regulatory capital threshold set by the Central Bank of Nigeria (CBN). The private placement, approved by the CBN and SEC, was conducted to strengthen the bank's capital base and support economic growth.

This achievement follows the bank's previous capital raise in 2024 and positions Fidelity Bank comfortably above the new minimum capital requirement. The bank's strategic move underscores investor confidence in its growth strategy amid tightening regulatory standards.