FCMB Group Plc has announced the successful completion of the capital raise programme undertaken to strengthen the capital base of its banking subsidiary, First City Monument Bank Limited.
In a released statement, the Group confirmed that it has received all necessary approvals from key regulators, including the Central Bank of Nigeria, the Securities and Exchange Commission, and the National Pension Commission, covering the various components of the capital raising programme.
The Group noted that the programme comprised two major transactions. The first was the Group’s 2025 Public Offer, which generated approximately N231.8bn in gross proceeds.
While the second involved the minority divestment of about 10% of the issued share capital of FCMB Pensions Limited, raising an additional N11.0bn.
According to the Group, the combined proceeds from the public offer and the minority stake sale provide sufficient capital for First City Monument Bank to meet the N500 billion minimum capital requirement for an international banking licence introduced by the Central Bank of Nigeria.
FCMB reiterated that the bank’s verified eligible capital, comprising paid-up share capital and share premium, stood at N266.5bn as of December 31, 2025, positioning it to comply with the revised capital framework.
FCMB Group also expressed appreciation to regulators, investors, and stakeholders for their support in achieving what it described as a key milestone in strengthening the bank’s capital position and supporting its long-term growth strategy.
