Fidelity Bank Raises ₦564.5 Billion in Recapitalization

Fidelity Bank PLC has made significant strides in its recapitalization efforts, successfully raising ₦564.5 billion, which surpasses the ₦500 billion minimum capital threshold mandated by the Central Bank of Nigeria (CBN). This achievement is part of a strategic initiative that includes a ₦259 billion private placement of ordinary shares, which opened and closed within a single day on December 31, 2025.

The capital raise attracted strong participation from institutional investors, including Afreximbank and its subsidiaries, as confirmed by Ezinwa Unuigboj, the bank's company secretary. The increase in capital is subject to final regulatory approval and marks a significant milestone in Fidelity Bank's recapitalization journey, positioning the bank for future growth and expansion.

The bank's capital base will rise from ₦305.5 billion to ₦564.5 billion, enabling it to enhance its balance sheet resilience and support key sectors of the Nigerian economy. Fidelity Bank's shares closed at ₦19.50 on April 10, 2026, reflecting ongoing market interest in the lender's performance.