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flag Nigerian bank Fidelity Bank plans a ₦127.1bn ($305m) rights issue and public offer to meet CBN's capital requirements, for IT, expansion, and distribution.

flag Nigerian bank Fidelity Bank plans to raise ₦127.1bn ($305m) through a rights issue to existing shareholders (₦29.6bn) and a public offer (₦97.5bn). flag The funds aim to meet the CBN's revised minimum capital requirements and will be used for IT infrastructure, regional expansion, and product distribution. flag Acceptance and application lists for both offers open on June 20 and close on July 29.

11 months ago
4 Articles