Fidelity Bank Exceeds CBN's N500bn Capital Requirement Ahead of Deadline

Fidelity Bank Plc has exceeded the Central Bank of Nigeria's (CBN) N500 billion minimum capital requirement for commercial banks with an eligible capital of approximately N564.5 billion. The bank, based in Lagos, raised N259 billion through a private placement of ordinary shares, pending final regulatory approval.

This successful capital raise places Fidelity Bank among the banks that have complied with the apex bank's regulatory threshold. The private placement, which opened and closed on December 31, 2025, received approval from both the CBN and the Securities and Exchange Commission.

Fidelity Bank's latest fundraising initiative is part of its aggressive capital-raising program, with the bank having previously raised N175.85 billion through a public offer and rights issue in 2024. The CBN's recapitalization program aims to strengthen the banking system by increasing the minimum capital requirement for commercial banks to N500 billion by March 2026.