FCMB Group Plc has successfully closed its N160 billion public offer, aimed at strengthening the capital base of its banking subsidiary in compliance with the Central Bank of Nigeria’s (CBN) N500 billion minimum capital requirement for international banks. The offer, which ended on November 6, 2025, consisted of 16 billion ordinary shares priced at N10 each.
In addition, FCMB plans to raise its capital-raise ceiling to N400 billion as a regulatory adjustment, ensuring compliance with CBN guidelines on paid-up capital and safeguarding dividend payments. The group emphasized that this is not a new fundraising exercise but a strategic measure to maintain shareholder value.
The move is expected to support the bank’s growth trajectory, with projected earnings per share (EPS) growth of 58% compound annual growth rate (CAGR) between 2024 and 2026
