Fidelity Bank’s Stock Soars Over 20% Following Successful Combined Offer
Fidelity Bank’s Managing Director, Dr. Nneka Onyeali-Ikpe, expressed gratitude to investors:
“With the conclusion of the Combined Offer, I am delighted to announce that we have met and surpassed our capital-raise target for the first phase of this exercise.”
Dr. Onyeali-Ikpe also thanked regulators:
“Our deepest thanks go to our regulators namely the CBN, Securities and Exchange Commission (SEC) and the Nigerian Exchange Limited (NGX): the CBN for its vision of recapitalizing Nigerian banks…
SEC and the NGX for the role they played in ensuring the seamless execution of this first phase of our recapitalization plans.”
The bank’s successful combined offer paves the way for an upcoming private placement.
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