FCMB Group has unveiled details of its ₦160 billion public share offer at the NGX in Lagos.
The initiative supports its recapitalization drive to meet the Central Bank’s ₦500 billion requirement.
FCMB Group Plc, one of Nigeria’s foremost financial institutions, has presented the Facts Behind the Offer at the Nigerian Exchange (NGX) in Lagos, highlighting its ₦160 billion public share offer and long-term growth strategy. The event, held on Monday, October 13, 2025, drew participation from capital market operators, fund managers, analysts, and investors.
The presentation followed the Group’s earlier Analyst and Investor Session on October 9, where executives outlined progress in strengthening the institution’s performance, market position, and value creation for shareholders.
The ongoing offer, which opened on October 2 and closes on November 6, 2025, involves the sale of 16 billion ordinary shares at ₦10 each. It aims to help First City Monument Bank Limited FCMB’s banking subsidiary meet the Central Bank of Nigeria’s new ₦500 billion capital requirement for international banks.
This follows the Group’s successful ₦147.5 billion public offering in 2024, which was oversubscribed by 33% and attracted over 42,800 investors, the majority of whom subscribed via digital channels. Analysts have projected continued investor confidence as FCMB moves into the second phase of its three-stage recapitalization plan.
Upon completion of this phase, the Group intends to finalize the sale of minority stakes in two subsidiaries, with proceeds expected to boost the bank’s qualifying core capital beyond ₦500 billion completing its recapitalization drive and securing an international banking license.
Investors can subscribe through FCMB’s digital platforms, branches nationwide, or via authorized stockbrokers, including CSL Stockbrokers.
