Fidelity Bank Plc has announced the results of its private placement of 14.8 billion ordinary shares at N17.50 per share as of December 31, 2025
- +Fidelity Bank raises N227 billion from private placement
According to the April 24, 2026, disclosure, after CBN’s capital verification process, only 12.97 billion shares were successfully allotted, amounting to N227.05 billion.
According to the April 24, 2026, disclosure, after CBN’s capital verification process, only 12.97 billion shares were successfully allotted, amounting to N227.05 billion.
This represents a subscription level of 87.7% of the offer, following capital verification by the Central Bank of Nigeria (CBN).
Above stemmed from a total of 20 applications received for 16.78 billion shares, representing 113.4% subscription level before the regulatory verification.
The banks received a total of 16.78 applications, out of which:
The allocation structure shows it is skewed toward large-ticket investors, with the highest application band (above 2 billion shares) accounting for a significant share of total allotment value.
On settlement, refunds for unsuccessful or unverified applications will be processed by April 27, 2026, while successful allottees will receive shares in their CSCS accounts by April 30, 2026.
The 12.97 billion shares amounting to N227.05 billion allotted and verified, will take the Bank’s share capital and share premium account to N532.55 billion.
The market seemed to react to the news, with the share price closing 1.3% higher at N22.30, up from the previous day’s price. Year-to-date, it has gained 17.37%.”
With a market capitalization of N1.12 trillion, the bank has again joined the elite group of Stocks Worth Over One Trillion (SWOOT).
