Fidelity Bank Exceeds N500 Billion Capital Requirement

Fidelity Bank has taken a proactive approach in the banking recapitalization drive, successfully completing a N259 billion private placement of ordinary shares by December 31, 2025. This achievement positions the bank above the Central Bank of Nigeria's (CBN) regulatory capital threshold of N500 billion.

The placement, which was approved by the CBN and the Securities and Exchange Commission, was conducted in accordance with a mandate granted during an extraordinary general meeting held on February 6, 2025. Ezinwa Unuigboj, the company secretary, confirmed the completion of this process, which is expected to enhance the bank's capital base and support its growth strategy.

The successful capital raise follows earlier efforts, including a public offer that raised N175.85 billion, addressing a capital shortfall of N194.5 billion. This strategic move is anticipated to strengthen Fidelity Bank's balance sheet, enabling it to play a robust role in financing key sectors of the Nigerian economy while navigating the evolving regulatory landscape.