FCMB Group Plc says it has accomplished its public supply, positioning the monetary holding firm to fulfill the N500 billion capital requirement set by the Central Bank of Nigeria (CBN).
That is contained in a discover to the Nigerian Alternate (NGX) on Friday.
The announcement comes at a time when business banks are racing to fulfill the CBN’s March 2026 deadline.
What FCMB is saying
Apart from the profitable conclusion of the general public supply, FCMB confirmed that it is usually on monitor to finalise the sale of a minority stake in one in every of its subsidiaries earlier than the top of December.
“We now have efficiently concluded our public supply and are on monitor to finish the minority subsidiary sale by the top of December. Topic to CBN capital verification (at the moment ongoing), shareholder approval on the EGM, and the required regulatory consents, we’re positioned to ship the N500bn capital goal forward of the March 2026 deadline for our banking subsidiary, FCMB Restricted,” the Group acknowledged.
Recapitalisation drive positive factors momentum
The replace comes after FCMB returned to the capital market in October with a N160 billion public supply, comprising 16 billion atypical shares priced at N10 every. The supply, a part of the bank’s broader recapitalisation programme, closed on November 6, 2025.
In accordance with FCMB, the profitable conclusion of the supply reinforces its capacity to keep “sturdy monetary and operational efficiency, pushed by increasing margins, elevated customer exercise, and scalable digital development.”
The Group added: “With our recapitalisation programme on monitor and threat fundamentals remaining strong, we anticipate to take care of wholesome profitability and a powerful capital place going into 2026.”
A part of multi-phase capital elevating technique
The newest capital elevate represents the second part of FCMB’s recapitalisation technique.
It follows the profitable execution of a N147.5 billion share sale in 2024, which marked the primary part of the multi-stage programme.
The 2024 supply was oversubscribed by 33%, attracting 42,800 traders, 92% of whom subscribed by digital channels — a milestone FCMB says displays sturdy market confidence and the deepening adoption of digital funding platforms.
Capital mobilisation inside 18 months
FCMB’s capital-raising efforts over the previous 18 months have included:
- N144.56 billion from the oversubscribed 2024 public supply
- A rise in its capital issuance ceiling from N150 billion to N340 billion
- An extra enlargement of this ceiling to N370 billion, disclosed in a November 14 NGX submitting
- A US$15 million obligatory convertible mortgage, totally transformed into fairness
- The now-concluded 2025 public supply to boost N160 billion.
With capital verification by the CBN underway and additional regulatory approvals anticipated, the Group says it stays assured in assembly its recapitalisation obligation effectively forward of schedule.
What you must know
The corporate lately raised its capital ceiling from N340 billion to N370 billion, after which to N400 billion.
- The Group clarified that its determination to extend the restrict of its capital-raising authority from N340 billion to N400 billion isn’t an try and provoke a brand new fundraising spherical however a regulatory compliance measure necessitated by a latest round issued by the Central Bank of Nigeria (CBN).
- The clarification follows an addendum launched by the corporate on November 21, 2025, amending Decision 1 of its Extraordinary Basic Assembly (EGM) discover revealed on November 15, which BusinessTimes additionally reported.