“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,” stated Ladi Balogun, the CEO of FCMB Group Plc.

FCMB Group Plc has successfully completed its N500 billion capital raise for its banking subsidiary, First City Monument Bank Limited. This significant milestone was achieved through a public offer that raised approximately N231.8 billion in gross proceeds, alongside an additional N11.0 billion from the minority divestment of FCMB Pensions Limited.

The recapitalisation is crucial as the Central Bank of Nigeria has set a minimum capital requirement of ₦500 billion for banks seeking an international banking licence. Prior to this capital raise, FCMB’s verified eligible capital stood at ₦266.5 billion as of December 31, 2025.

FCMB Group reported a pre-tax profit of ₦200.91 billion for the year ended December 31, 2025, with profit after tax surging by 141.7% to ₦176.91 billion compared to the previous year. This financial performance underscores the bank’s robust growth trajectory.

The recapitalisation deadline set by the Central Bank of Nigeria is March 31, 2026. As of March 6, 2026, thirty banks have met the new minimum capital requirements, indicating a competitive banking landscape.

FCMB Group has received the necessary approvals from the Central Bank of Nigeria, the Securities and Exchange Commission, and the National Pension Commission, which facilitated this capital raise.

In expressing gratitude, Ladi Balogun remarked, “FCMB Group expresses its sincere appreciation to the regulatory authorities, investors, and other stakeholders for their continued support in achieving this important milestone.”

This recapitalisation effort follows FCMB Group’s earlier plans to raise ₦340 billion in 2024, which were subsequently adjusted to ₦370 billion in 2025 and ₦400 billion in November 2025.

The successful completion of this capital raise positions FCMB Group favorably within the banking sector, enhancing its capacity to serve its customers and meet regulatory standards.

Details remain unconfirmed regarding any potential future capital initiatives beyond this recapitalisation.

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“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,” stated Ladi Balogun, CEO of FCMB Group Plc.

FCMB Group Plc has successfully completed its N500 billion capital raise for its banking subsidiary, First City Monument Bank Limited. This significant capital increase was achieved through a public offer that raised approximately N231.8 billion in gross proceeds, alongside an additional N11.0 billion from the minority divestment of FCMB Pensions Limited.

The completion of this recapitalisation comes as part of FCMB’s strategic efforts to meet the revised minimum capital requirement set by the Central Bank of Nigeria. As of December 31, 2025, FCMB’s verified eligible capital stood at N266.5 billion, necessitating this substantial capital raise.

FCMB Group reported a pre-tax profit of N200.91 billion for the year ended December 31, 2025, with profit after tax surging by 141.7% to N176.91 billion compared to the previous year. This financial performance underscores the bank’s robust growth trajectory.

The recapitalisation deadline set by the Central Bank of Nigeria is March 31, 2026. As of March 6, 2026, thirty banks have already met the new minimum capital requirements, highlighting a competitive banking landscape.

FCMB Group has expressed its appreciation to regulatory authorities and stakeholders for their support in achieving this important milestone. The approvals received from the Central Bank of Nigeria, the Securities and Exchange Commission, and the National Pension Commission were crucial in facilitating this capital raise.

Historically, FCMB Group initially announced plans to raise N340 billion in 2024, which was later increased to N370 billion in 2025 and then to N400 billion in November 2025, reflecting the bank’s adaptive strategy to meet regulatory demands.

As the banking sector continues to evolve, FCMB’s successful recapitalisation positions it well for future growth and compliance with international banking standards.

Сообщение Fcmb n500bn recapitalisation появились сначала на naijanewsreporters.

“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,” said Ladi Balogun, CEO of FCMB Group Plc.

The completion of the N500 billion capital raise marks a significant achievement for FCMB Group Plc, which has been working towards this goal to ensure compliance with regulatory requirements set by the Central Bank of Nigeria.

The capital raise was accomplished through a public offer that generated approximately N231.8 billion in gross proceeds, alongside an additional N11.0 billion raised from the minority divestment of FCMB Pensions Limited.

Prior to this successful capital raise, FCMB Group had initially announced plans to raise N340 billion in 2024, which evolved into targets of N370 billion in 2025 and N400 billion by November 2025.

As of December 31, 2025, FCMB’s verified eligible capital stood at N266.5 billion, necessitating the recent recapitalisation to meet the minimum capital requirement for an international banking licence.

In addition to the capital raise, FCMB Group reported a pre-tax profit of N200.91 billion for the year ended December 31, 2025, with profit after tax soaring by 141.7% to N176.91 billion compared to the previous year.

The recapitalisation deadline set by the Central Bank of Nigeria is March 31, 2026, and as of March 6, 2026, thirty banks have successfully met the new minimum capital requirements.

FCMB Group has expressed its gratitude to the regulatory authorities, investors, and other stakeholders for their continued support in achieving this important milestone.

Looking ahead, the successful completion of this recapitalisation positions FCMB Group to enhance its operations and expand its services in the competitive banking sector.

With the necessary approvals from the Central Bank of Nigeria, the Securities and Exchange Commission, and the National Pension Commission secured, FCMB is set to move forward with its strategic plans.

Сообщение Fcmb n500bn recapitalisation появились сначала на naijanewsreporters.