Fidelity Bank Secures ₦270 Billion in Record Private Placement Ahead of Deadline
Fidelity Bank Plc has successfully raised between ₦250 billion and ₦270 billion through a private placement. The fundraising, completed on December 31, 2025, exceeded expectations and closed the same day due to high investor demand. The move strengthens the bank's financial position ahead of regulatory requirements.
The private placement was restricted to a select group of investors who matched the bank's strategic vision. This approach ensured access to long-term capital, enhanced governance, and specialised expertise. As a result, the bank's qualifying capital now exceeds the ₦500 billion minimum set by the Central Bank of Nigeria for internationally authorised lenders.
The recapitalisation was finalised nearly three months before the March 31, 2026, deadline. Fidelity Bank, Nigeria's sixth-largest lender by assets at the end of 2024, has now de-risked its recapitalisation programme. The new funds position the bank for growth beyond the regulatory threshold. Fitch Ratings responded by affirming Fidelity Bank's Long-Term Issuer Default Rating at 'B'. It also upgraded the bank's National Long-Term Rating to 'A+(nga)', highlighting stronger capital reserves and improved profitability.
The successful fundraise secures Fidelity Bank's compliance with central bank requirements well ahead of schedule. The additional capital also supports the bank's plans for expansion and stability. With upgraded ratings and a stronger financial base, the bank is now better equipped for future challenges.
