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Fidelity Bank stock listing: The Nigerian stock market records a rise

07/03/2025
Source : ORISHAS FINANCE
Categories: Sectors

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While the listing of additional shares in Fidelity Bank Plc increased the market capitalization by 94 billion naira, the Nigerian stock exchange gains 94 billion naira.

A total of 18.2 billion ordinary shares of 50 kobo each were listed on the official daily NGX list, resulting from the hybrid offer recently completed by the bank. The rights issue of 3.2 billion ordinary shares at N9.25 per share was fully subscribed, while the public offering of 15 billion shares at N9.75 per share was oversubscribed by 237.92%. This development has also contributed to the overall performance of the market.

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