TUE JAN 06 2026-theGBJournal| Fidelity Bank Plc has substantially raised its eligible capital, in line with the Central Bank of Nigeria’s (CBN) regulatory requirement.
The Bank announced today that it has increased its eligible capital from N305. billion to N564.5 billion, well above stipulated level, while awaiting regulatory approvals.
Recall that Fidelity Bank successfully opened and closed a Private Placement of Ordinary Shares on December 31, 2025, following approvals granted by the CBN and the Securities and Exchange Commission (SEC).
The exercise resulted in the Bank raising N259 billion, increasing its eligible capital from N305.5Billion to N564.5Billion.
Fidelity Bank noted that 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 20 billion Ordinary Shares by way of Private Placement.
The Bank had previously raised N175.85 billion through a Public Offer and Rights Issue in 2024, bringing its eligible capital to N305.5 billion and leaving a margin of N194.5 billion to meet the new regulatory capital requirement of N500 billion for commercial banks with international authorization.
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