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.