FCMB Group Eyes Global Expansion With New Equity Capital Offering

FCMB Group Plc is planning a new equity capital offering to strengthen its balance sheet for regional and global expansion. The offering was approved at a shareholder Extraordinary General Meeting, with the flagship banking unit, FCMB Limited, set to receive the proceeds.

The offer will be priced at the live market rate plus a discount to promote investor involvement. The Group reported a profit of N8.6 billion in the first half of 2025, a 23% increase from the same period in 2024.

Despite increased interest expenses and operating costs, FCMB's gross earnings rose by 41% year-on-year to N56 billion. The Group's total assets reached N7.5 trillion by March 2025, up from N5 trillion at the end of 2024.

FCMB Asset Management Limited has also announced internship opportunities for recent graduates interested in finance and research.