FCMB Group Plc has announced the successful completion of a major capital raise programme undertaken for its banking subsidiary, First City Monument Bank Limited.
In a statement released in Lagos, the Group confirmed that it received the required approvals from key regulatory authorities including the Central Bank of Nigeria (CBN), Securities and Exchange Commission Nigeria (SEC), and the National Pension Commission (PenCom).
Details of the Capital Raise
According to the Group, the programme involved two major components:
2025 Public Offer: Generated approximately ₦231.8 billion in gross proceeds.
Minority Divestment: About 10% of the issued share capital of FCMB Pensions Limited was sold, raising an additional ₦11.0 billion.
Meeting New Capital Requirement
FCMB stated that the combined proceeds from the public offer and the minority divestment will enable the bank to meet the ₦500 billion minimum capital requirement for an international banking licence.
The Group noted that this is based on verified eligible capital of ₦266.5 billion, comprising paid-up share capital and share premium as of December 31, 2025.
Appreciation to Stakeholders
FCMB Group expressed gratitude to regulators, investors, and stakeholders for their support throughout the process.
The bank described the development as a significant milestone that strengthens its financial position and supports its long-term growth strategy.
Read official statement:
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
