March 8, 2026 Completion of Capital Raise Programme Lagos, Nigeria - FCMB Group Plc ("FCMB Group" or the "Group") announces the successful completion of the capital raise programme undertaken for its banking subsidiary, First City Monument Bank Limited (the "Bank").
The Group has received requisite approvals from the relevant regulatory authorities - the Central Bank of Nigeria (CBN), the Securities and Exchange Commission (SEC), and the National Pension Commission (PenCom) - in respect of:
The 2025 Public Offer, which raised approximately ₦231.8 billion in gross proceeds; and
The minority divestment of approximately 10% of the issued share capital of FCMB Pensions Limited, which raised an additional ₦11.0 billion.
Together, the public offer and minority divestment provide sufficient capital for the Bank to meet the revised ₦500 billion minimum capital requirement for an international banking licence. This is based on verified eligible capital (paid-up share capital and share premium) of
₦266.5 billion as at 31 December 2025.
FCMB Group expresses its sincere appreciation to the regulatory authorities, investors, and other stakeholders for their continued support in achieving this important milestone.
Mr. Ladi Balogun Group Chief Executive Investors' RelationsFCMB Group Plc has a dedicated investors' portal on its corporate website which can be accessed via this link: https://www.fcmbgroup.com. The Company's Investors' Relations Department can also be reached through electronic mail at: InstitutionalInvestorRelations@fcmb.com ; or telephone on: +234 201 279 3030 for investment related enquiry.