Recapitalisation: Fidelity Bank hits N564.5bn capital base, exceeds regulatory threshold

Fidelity Bank Plc has successfully raised its capital base to N564.5 billion following the conclusion of its Private Placement of ordinary shares on December 31, 2025.

The exercise generated N259 billion, boosting the bank's eligible capital from N305.5 billion to N564.5 billion.

This figure significantly exceeds the Central Bank of Nigeria’s (CBN) N500 billion minimum capital requirement for commercial banks holding international authorisation.

The Private Placement was conducted pursuant to the authorisation granted by shareholders at the Extraordinary General Meeting held on February 6, 2025, which empowered the bank to issue up to 20 billion Ordinary Shares.

Prior to this placement, Fidelity Bank had raised N175.85 billion through a Public Offer and Rights Issue in 2024. That exercise brought its eligible capital to N305.5 billion, leaving a gap of N194.5 billion to meet the new regulatory benchmark.

With the N259 billion raised from the private placement, the bank has not only closed that gap but surpassed the requirement by a significant margin. The new capital base is now subject to final regulatory approvals.