In a major off-market transaction executed today, July 18, 2025, a total of 1,140,866,892 units of Fidelity Bank Plc shares were crossed in nine negotiated deals, raising fresh questions about shifting ownership dynamics at the tier-2 bank.
Nairametrics can now confirm that the seller in the deal was the Asset Management Corporation of Nigeria (AMCON), while the buyer is a prominent oil and gas security business owner based in the Niger Delta region.
The trade was facilitated by Apel Asset Management Ltd and CardinalStone Securities Ltd, both of whom acted as intermediaries in the cross-deal.
