FCMB Group Plc (NGX: FCMB) has successfully completed its capital raise for First City Monument Bank Limited.
This ensures the bank meets the CBN ₦500 billion threshold for an international banking license, enabling expanded operations both domestically and abroad.
Key approval components covers:
A 2025 Public Offer raising ₦231.8 billion in gross proceeds.
A 10% minority divestment in FCMB Pensions Limited, adding ₦11.0 billion.
This boosts the Bank’s verified eligible capital to ₦266.5 billion as of December 31, 2025, enabling compliance and growth.
The raise aligns with Nigeria’s banking recapitalization efforts to enhance stability and global reach.
Administrator and Writer
