Fidelity Bank Plc has introduced that it has efficiently met the N500 billion minimal capital requirement set by the Central Bank of Nigeria (CBN) for industrial banks with worldwide authorisation.
The disclosure was contained in an announcement issued on Tuesday and signed by the bank’s Firm Secretary, Ezinwa Unuigboje, because the March 31 regulatory deadline attracts nearer.
The bank raised N259 billion in its newest Personal Placement, growing its eligible capital from N305.5 billion to N564.5 billion, surpassing the N500 billion threshold. It is now awaiting regulatory approvals to substantiate its standing.
What the assertion is saying
Based on the assertion, the bank efficiently opened and closed a Personal Placement of Atypical Shares on December 31, 2025, following regulatory approvals.
“Fidelity Bank Plc (the Bank) is happy to tell most of the people that, following approvals granted by the Central Bank of Nigeria and the Securities and Change Fee, it efficiently opened and closed a Personal Placement of Atypical Shares on December 31, 2025,” the bank stated.
The train raised N259 billion, considerably boosting the bank’s capital place.
“This train resulted within the Bank elevating N259 billion, growing its eligible capital from N305.5 billion to N564.5 billion, awaiting regulatory approvals,” the assertion added.
Shareholders’ approval backed the train
Fidelity Bank defined that the Personal Placement was performed pursuant to approval obtained from shareholders at its Extraordinary Common Assembly (EGM) held on February 6, 2025.
“The Personal Placement was performed pursuant to the authorisation obtained from the Bank’s shareholders on the Extraordinary Common Assembly of February 6, 2025, to challenge as much as 20 billion Atypical Shares by means of Personal Placement,” the bank acknowledged.
Earlier capital raises strengthened place
The bank recalled that it had earlier raised N175.85 billion by means of a Public Supply and Rights Concern in 2024, which introduced its eligible capital to N305.5 billion on the time.
“This left a margin of N194.5 billion to satisfy the brand new regulatory capital requirement of N500 billion for industrial banks with worldwide authorisation,” the assertion famous.
With the newest Personal Placement, Fidelity Bank has now exceeded the required threshold.
In March 2024, the CBN revised sector‑extensive minimal capital necessities to N500 billion for worldwide industrial banks, N200 billion for nationwide banks, and N50 billion for regional banks. The 24‑month compliance window ends on March 31, 2026.
What you must know
In November, the CBN revealed that 16 banks have met its recapitalisation threshold, marking regular progress within the business’s efforts to strengthen stability sheets and adjust to new regulatory necessities forward of the March 2026 deadline.
CBN Governor Olayemi Cardoso disclosed the event throughout a press briefing on the finish of the Financial Coverage Committee (MPC) assembly in Abuja.
The up to date determine displays an enchancment from the 14 banks that had met the minimal capital requirement as of the final MPC assembly in September, signalling what the Bank described as rising compliance throughout the sector.
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