Fidelity Bank Gains 11% Amidst Oversubscribed Private Placement
Nigerian lender Fidelity Bank Plc. saw its market value surge amid bargain hunting on the Nigerian Exchange, with investors gaining more than 11% over five trading sessions.
According to trading data from the Nigerian bourse, Fidelity Bank’s share price increased to N22.30 at the close of the market on Friday, as 11.227 million units valued at N251.523 million.
Reflecting positive investor sentiment ahead of Q1 2026 earnings, the market recorded strong positioning in Fidelity Bank, with volume transacted peaking at 44.809 million during last week’s trading session.
Equitires analysts told MarketForces Africa that the bank’s market valuation surged by more than 11% in the week, suggesting volume was driven by buy-side investor activity.
The bank share price opened the week at N20.05, and closed at N22.30 on Friday, gaining 11.22% week on week. The significant weekly gain lifted the market value of Fidelity Bank Plc’s 50.200 billion outstanding shares in the Nigerian bourse to N1.119 trillion.
Last week, Fidelity Bank announced the result of the Private Placement of 14,800,000,000 ordinary shares of 50 kobo each at ₦17.50 per share.
The offer opened on Wednesday, December 31, 2025 and closed on Wednesday, December 31, 2025. Fidelity Banks said 20 applications for 16,776,200,000 ordinary shares were received, deemed valid, accepted and presented to the Central Bank of Nigeria (CBN) for capital verification.
The bank added that 14 applications for 12,238,058,000 ordinary shares were fully verified and allotted in full. One application for 1,609,550,000 ordinary shares was partially verified, with 735,942,000 ordinary shares verified and allotted.
The bank said five applications for 2,928,592,000 were not verified. In summary, the Offer recorded 113.4% in valid applications and achieved a subscription level of 87.7% upon conclusion of the CBN capital verification process.
The bank regulator that shares allotted will be credited to the CSCS account of allottees on April 30, 2026, by the Registrars to the Issue, First Registrars & Investor Services Limited.
Also, refunds will be credited to the bank accounts of affected investors who provided valid bank account details on April 27,2026. Oando JV Signs Gas Deal to Power Bayelsa’s Power Supply
