Subscribe to get Updates
  • Login
The News Bearer
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
    • All
    • Business
    • Celebrities
    • Crime
    • Education
    • Featured
    • Features
    • Health
    • Lifestyle
    • Metro
    • News
    • Opinion
    • Personal Development
    • Politics
    • Sports
    • Uncategorized

    Delta police arrest suspected kidnappers, cultists; recover arms, ammunition

    Fidelity Bank chapter of ICAN inaugurates new chairman

    Sports tourism tops Makinde’s agenda to develop Oyo –Commissioner

    Oyo assures farmers on business transformation through Ijaiye Special Agro-industrial Processing Zone

    2025 budget implementation report: Oyo achieved 80% revenue generation in six months –Commissioner

    ‘Education not scam’ as Oyo school alumnus gifts N1m awards to best students, staff

    Makinde, Abiodun meet to strengthen security, agriculture ties

  • Lifestyle

    A Trainer Reveals the Best Exercises For a Stronger, Toned Butt

    How To Lose 10 Pounds Even If You Hate Vegetables

    A Trainer Answers: What’s the Best Workout For Losing Weight?

    These Foods to Absolutely Avoid If You Want Clear, Glowing Skin

    Drinking This Kind of Tea Could Help Shed Those Last Few Pounds

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    5 Must-Follow Rules If You Want to Get Strong

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
    • All
    • Business
    • Celebrities
    • Crime
    • Education
    • Featured
    • Features
    • Health
    • Lifestyle
    • Metro
    • News
    • Opinion
    • Personal Development
    • Politics
    • Sports
    • Uncategorized

    Delta police arrest suspected kidnappers, cultists; recover arms, ammunition

    Fidelity Bank chapter of ICAN inaugurates new chairman

    Sports tourism tops Makinde’s agenda to develop Oyo –Commissioner

    Oyo assures farmers on business transformation through Ijaiye Special Agro-industrial Processing Zone

    2025 budget implementation report: Oyo achieved 80% revenue generation in six months –Commissioner

    ‘Education not scam’ as Oyo school alumnus gifts N1m awards to best students, staff

    Makinde, Abiodun meet to strengthen security, agriculture ties

  • Lifestyle

    A Trainer Reveals the Best Exercises For a Stronger, Toned Butt

    How To Lose 10 Pounds Even If You Hate Vegetables

    A Trainer Answers: What’s the Best Workout For Losing Weight?

    These Foods to Absolutely Avoid If You Want Clear, Glowing Skin

    Drinking This Kind of Tea Could Help Shed Those Last Few Pounds

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    5 Must-Follow Rules If You Want to Get Strong

No Result
View All Result
TheNewsBearer
No Result
View All Result
Home Business

Fidelity Bank public offer, rights issue to open on June 20

The News Bearer by The News Bearer
June 15, 2024
in Business, Featured
Reading Time: 2 mins read
0 0
0
Share on WhatsappShare on FacebookShare on Twitter

Nigeria’s 6th largest bank, Fidelity Bank Plc will on Thursday, June 20, 2024 open its public offer and Rights Issue.

As part of this capital raising process, Fidelity Bank will same Thursday hold a Facts Behind the Offer presentation at the Nigerian Exchange.

According to an article posted on the Businessday website and authored by Iheanyi Nwachukwu, 3.2 billion ordinary shares of 50 kobo each will be offered in the ratio of one new ordinary share for every 10 ordinary shares held as of 05 January 2024, at N9.25 per share under the Rights Issue,

For the public offer, 10 billion ordinary shares of 50 kobo each will be offered to the general investing public at N9.75 per share.

Stanbic IBTC Capital is the Lead Issuing House to the Combined Offer, whilst the Joint Issuing Houses include Iron Global Markets Limited, Cowry Asset Management Limited, Afrinvest Capital Limited, FSL Securities Limited, Futureview Financial Services Limited, Iroko Capital Market Advisory Limited, Kairos Capital Limited and Planet Capital Limited.

The acceptance and application lists for the rights issue and public offer which will open on Thursday, June 20 will close on Monday July 29, 2024.

The bank recently concluded all necessary arrangements to raise a total of up to N127.1 billion by way of a rights issue to existing shareholders and a public offer (the combined offer).

The combined offer is a part of the bank’s strategy to increase its share capital base in compliance with the revised minimum capital requirements for Nigerian commercial banks introduced by the Central Bank of Nigeria (CBN) on March 28, 2024.

SendShareTweet
The News Bearer

The News Bearer

Related Posts

Business

Fidelity Bank chapter of ICAN inaugurates new chairman

July 31, 2025
Business

Fidelity Bank supports SMEs’ growth with free business tools

July 26, 2025
Featured

‎Trading on Sundays to stop at Bola Ige market after Oyo govt’s ban ‎

July 25, 2025
Business

Union Bank marks decade-high staff promotion rate for outstanding performance

July 20, 2025
Celebrities

Tinubu appoints IBB’s son as chairman of BOA

July 18, 2025
Featured

Olubadan of Ibadan, Oba Olakulehin, dies at 90

July 7, 2025
Load More

Recommended

I resent police version which suggests cows never invaded my home, says Soyinka

4 years ago

Two suspects arrested for sending kidnap message to resident in Kwara

6 months ago

Don't Miss

Delta police arrest suspected kidnappers, cultists; recover arms, ammunition

July 31, 2025

Fidelity Bank chapter of ICAN inaugurates new chairman

July 31, 2025

Sports tourism tops Makinde’s agenda to develop Oyo –Commissioner

July 31, 2025

Oyo assures farmers on business transformation through Ijaiye Special Agro-industrial Processing Zone

July 31, 2025
TheNewsBearer

Stay informed with Breaking News Online in Nigeria on The News Bearer. Get real-time updates and analysis of national, international events.

Follow us

Recent News

Delta police arrest suspected kidnappers, cultists; recover arms, ammunition

July 31, 2025

Fidelity Bank chapter of ICAN inaugurates new chairman

July 31, 2025

Categories

  • Business
  • Celebrities
  • Crime
  • Education
  • Featured
  • Features
  • Health
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Personal Development
  • Politics
  • Sports
  • Uncategorized

Tags

Adamawa State Police Command Anambra State Police Command Benue State Police Command Bishop Francis Wale Oke Cancer condolence message courtesy visit Delta State Police Command Diabetes Diet Tips DIG Hashimu Argungu Dr Festus Adedayo Dr Sulaimon Olanrewaju Economic and Financial Crimes Commission Fidelity Bank Fidelity Bank Plc Governor Seyi Makinde Health Symptoms IGP Kayode Egbetokun Inspector General of Police Kwara State Police Command Lagos State Police Command Lagos State Taskforce murder National Drug Law Enforcement Agency (NDLEA) Nigeria Police Force Oba Owolabi Olakulehin Ogun State Police Command OlaOluwa Mimiola Olubadan of Ibadanland opinion article Oyo State Government Oyo State Governor Peoples Democratic Party Polaris Bank Police Public Relations Officer Police Service Commission PPRO President Bola Ahmed Tinubu Skin Care Sulaimon Olanrewaju Taskforce Chairman Adetayo Akerele Thenewsbearer University of Ibadan Women's Health
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 TheNewsBearer - Premium Nigerian and global news by TheNewsBearer.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
    • Home – Layout 4
    • Home – Layout 5
  • Health
  • Lifestyle

© 2024 TheNewsBearer - Premium Nigerian and global news by TheNewsBearer.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.