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.

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). The funds aim to meet the CBN's revised minimum capital requirements and will be used for IT infrastructure, regional expansion, and product distribution. Acceptance and application lists for both offers open on June 20 and close on July 29.

June 05, 2024
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