FCMB Group Plc has reaffirmed its long-term growth strategy and commitment to regulatory compliance as it presented the Facts Behind the Offer at the Nigerian Exchange (NGX) in Lagos on Monday, October 13, 2025.
The session, which drew capital market operators, fund managers, and investment analysts, offered detailed insights into the rationale behind the Group’s ongoing ₦160 billion public share offer, as well as its broader recapitalisation roadmap.
The offer, launched on October 2 and scheduled to close on November 6, 2025, comprises 16 billion ordinary shares priced at ₦10 each. It forms part of FCMB’s plan to meet the Central Bank of Nigeria’s (CBN) new ₦500 billion minimum capital requirement for international banks through its subsidiary, First City Monument Bank Limited.
Speaking at the NGX event, Group executives outlined how the fresh capital injection would strengthen the bank’s balance sheet, enhance lending capacity, and expand its presence in key growth sectors of the economy. They also reaffirmed the Group’s focus on financial inclusion, innovation, and technology-driven service delivery across its business lines.
The presentation followed an earlier Analyst and Investor Session held on October 9, during which the management discussed performance trends, strategic priorities, and progress towards achieving sustainable value creation.
The current offer builds on FCMB’s ₦147.5 billion capital raise in 2024—the Group’s first public issuance in 16 years—which was oversubscribed by 33 per cent and attracted more than 42,800 investors, 92 per cent of whom subscribed digitally. Market observers say this digital traction reflects growing retail investor confidence in the Group’s long-term prospects.
According to FCMB, the 2025 offer represents the second phase of a three-stage recapitalisation plan. Upon completion, the Group will proceed with the sale of minority stakes in two subsidiaries, with proceeds to be channelled into the bank’s capital base. The move is expected to position FCMB’s qualifying core capital well above the ₦500 billion threshold, securing its international banking licence ahead of regulatory deadlines.
Subscriptions for the ongoing offer can be made through multiple channels, including the FCMB Mobile App, its online banking platforms, FCMB branches nationwide, and licensed stockbrokers such as CSL Stockbrokers via publicoffer.fcmb.com and invest.ngxgroup.com.
With the recapitalisation plan nearing completion, FCMB Group says it remains focused on leveraging its diversified portfolio—spanning banking, asset management, pensions, and investment banking—to drive growth and deliver value to shareholders in a changing financial landscape.
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