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Ladi Balogun, Group Chief Executive, FCMB Group Plc
FCMB Group Plc, one of Nigeria’s leading financial institutions, on Monday, October 13, 2025, presented the Facts Behind the Offer at the Nigerian Exchange (NGX) in Lagos. The session, attended by capital market operators, fund managers, analysts, and other stakeholders, provided deeper insights into the Group’s fundamentals, growth strategy, and the rationale for its ongoing public share offer.
The engagement followed the Analyst and Investor Session held on Thursday, October 9, 2025, where the Group’s leadership discussed performance trends, strategic priorities, and progress in delivering long-term value to shareholders.
FCMB Group launched a ₦160 billion public share offer on October 2, 2025, to enable its flagship subsidiary, First City Monument Bank Limited—which recently secured a national banking licence—to meet the Central Bank of Nigeria’s new ₦500 billion capital requirement for international banks. The offer, comprising 16 billion ordinary shares at ₦10 per share, is scheduled to close on November 6, 2025.
This capital raise follows a successful ₦147.5 billion share sale in 2024, the Group’s first in 16 years, which was oversubscribed by 33% and attracted more than 42,800 investors—92% of whom participated through digital platforms. Analysts expect this strong investor confidence to continue into the second phase of FCMB’s three-stage recapitalisation plan.
Upon completion of the current offer, FCMB Group plans to conclude the sale of minority stakes in two of its subsidiaries, with proceeds to be reinvested into the bank. This will raise the Group’s qualifying core capital well above ₦500 billion, effectively completing its recapitalisation programme and securing its international banking licence.
