FCMB Group to Bolster Balance Sheet with N160 Billion Capital Deployment
FCMB Group PLC announced a N160 billion public share offer to enhance its bank subsidiary, First City Monument Bank Limited, in response to the new capital requirements mandated by the Central Bank of Nigeria (CBN). The share price of N10 reflects a 10.31% discount from the trading price of N11.15 on August 12, 2025.
The capital will be allocated towards business growth and expansion, investment in cybersecurity infrastructure, and human capital development. FCMB aims to surpass the N500 billion total capital mark to comply with CBN's recapitalization deadline by March 2026.
The move follows substantial growth in FCMB Group's total assets, gross earnings, and customer base, positioning the group for increased earnings growth in the coming years.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
FCMB Group Launches N160 Billion Public Share Sale to Meet Capital Requirement
FCMB Group Forecasts 77% Profit Rise on Earnings Growth
FCMB Launches Mutual Funds Access on Mobile App for Seamless Investing
FCMB Group Reveals Details of N160bn Public Share Offer at NGX
FCMB Group Launches ₦160bn Public Share Offer to Meet Capital Requirements
FCMB Plans N370 Billion Capital Raise Amid Strong Investor Demand
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
