Kayode Tokede
Constancy Financial institution Plc, yesterday introduced to the investing public that it has surpassed the N500billion regulatory capital threshold following the profitable completion of a N259billion non-public placement of peculiar shares.
Crossing the N500 billion CBN’s capital requirement marks a serious milestone within the lender’s ongoing recapitalisation drive.
The Firm Secretary, Constancy Financial institution, Ezinwa Unuigboje in a signed assertion on Nigerian Trade Restricted (NGX) disclosed that the non-public placement, performed with the approval of the Central Financial institution of Nigeria (CBN) and the Securities and Trade Fee (SEC), was opened and closed on December 31, 2025.
In accordance with him, the proceeds from the train lifted Constancy Financial institution’s eligible capital from N305.5billion to N564.5billion, topic to remaining regulatory approvals.
The most recent capital increase positions the lender comfortably above the brand new minimal capital requirement of N500billion for business banks with worldwide authorisation, as stipulated by the apex financial institution beneath its banking sector recapitalisation programme.
In accordance with the financial institution, the non-public placement was carried out pursuant to the mandate granted by shareholders at its Extraordinary Common Assembly held on February 6, 2025.
On the assembly, shareholders authorised the board to difficulty as much as 20 billion peculiar shares by means of a personal placement as a part of measures to strengthen the financial institution’s capital base and improve its capability to help financial progress.
The N259billion raised by means of the non-public placement builds on earlier capital-raising efforts by the financial institution.
In 2024, Constancy Financial institution efficiently raised N175.85billion through a mixture of a public provide and rights difficulty, which had elevated its eligible capital to N305.5billion on the time.
That train left a capital shortfall of N194.5billion relative to the brand new regulatory benchmark, a niche now absolutely lined by the newest transaction.
Market analysts acknowledged that the profitable completion of the non-public placement underscores sturdy investor confidence within the financial institution’s progress technique, governance framework and long-term fundamentals, even amid tightening regulatory requirements and evolving macroeconomic situations.
Constancy Financial institution famous that the strengthened capital place will improve its stability sheet resilience, help enterprise enlargement, and allow it to play a extra sturdy position in financing key sectors of the Nigerian economic system, consistent with regulatory expectations.
The financial institution added that it stays centered on worth creation for shareholders, prudent danger administration and sustained profitability because it navigates the post-recapitalisation part of the banking sector.
In the meantime, the inventory value of Constancy Financial institution closed buying and selling January 6, 2026 at N19.50 per share, about 2.26 per cent or N0.46 per share from N19.95 per share it opened for buying and selling
