DETAIL Commercial Solicitors is pleased to have advised Fidelity Bank Plc on the successful conclusion of the first tranche of its equity capital raise through a Public Offer and Rights Issue, marking a significant milestone in the Bank’s capital raising initiatives.
With this capital raise, Fidelity Bank became the first Nigerian financial institution to undertake a public offer on the Nigerian Exchange following the CBN’s revised minimum capital requirements released in March 2024.
DETAIL’s Finance and Capital Markets team, led by Managing Partner, Temidayo Ajayi, and Partner, Olawunmi Alade, supported by Ifeanyi Omife, Ayobami Kolawole and Tolulope Olayiwola, advised on this transaction, reaffirming DETAIL’s role as a trusted advisor on complex, high-impact deals in Nigeria’s financial sector.
DETAIL’s Partner, Olawunmi Alade, shared her thoughts on the transaction: “DETAIL is proud to have advised Fidelity Bank on this landmark transaction, which reflects our deep commitment to supporting institutions that are pivotal to Nigeria’s economic growth. This transaction also reaffirms DETAIL’s strength in delivering innovative legal solutions for transformative deals in the financial services sector.“
DETAIL is Nigeria’s first commercial solicitor firm to specialize exclusively in non-court room practice
For further information please contact: – info@detailsolicitors.com – www.detailsolicitors.com