Lagos, March 10, 2026 – The FCMB Group Plc has successful completed its capital raise programme for First City Monument Bank Limited.
The group disclosed this on Monday in a statement to the Nigerian Exchange signed by Ladi Balogun, the Group Chief Executive.
It said it had received all requisite approvals from the Central Bank of Nigeria, the Securities and Exchange Commission as well as the National Pension Commission.
The group achieved the additional capital injection through two primary financial instruments – the 2025 Public Offer through which it raised approximately N231.8 and a minority divestment of approximately 10 per cent of the issued share capital of FCMB Pensions Limited, which raised an additional N11 billion.
“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.
“FCMB Group expresses its sincere appreciation to the regulatory authorities, investors, and other stakeholders for their continued support in achieving this important milestone,” the statement said.
