Fidelity Bank desires to be CBN-free from tight strings
Fidelity Bank is in its big chest era.
You see, when the Central Bank of Nigeria (CBN) came knocking with fresh regulations and tight compliance magic, some of the banks were rattled. Fidelity wasn’t.
Instead, they doubled down. Raised ₦273 billion from the streets and the streets showed up. Oversubscribed. Twice. No stress. No sweat. Just results.
Now they’re saying, “Yo, we’re not done.” Another ₦200 billion is coming through in 2025. Not because they’re desperate, but because they’re building a fortress. ₦500 billion capital mark? Already in their sights.
But the gimmick they’re not saying: CBN provided them and a few others with temporary breathing space on some credit ceilings, regulatory forbearance, according to them. Sounds sleek. Amounts to government telling them, “You owe, but take your time.”
Fidelity? They have only two large exposures and four other dubious accounts, they claim. Action is already underway. No fanfare. No drama. Just clean-up and exit.
Their goal is becoming debt-free come June 2025. No excuses. Complete compliance. Complete freedom. Full steam ahead.
Despite all that, they claim to remain financially capable of paying dividends. Like a boss who battles, pays his team and yet remains presentable.
Not gambling. Chess. Power. Legacy.
