LunagisthubFCMB Group Unveils ₦160 Billion Public Offer to Strengthen Capital Base
First City Monument Bank (FCMB) Group Plc has launched a ₦160 billion public share offer to bolster its capital base and meet the Central Bank of Nigeria’s (CBN) new ₦500 billion minimum capital requirement for international banks. The offer, which comprises 16 billion shares at ₦10 each, will close on November 6, 2025.
The proceeds from the sale will be used to recapitalize First City Monument Bank Limited, FCMB’s flagship banking subsidiary, and retain its international operating license. After the current share offer, the Group plans to conclude the sale of minority stakes in two subsidiaries, with proceeds injected into the bank, lifting qualifying core capital beyond ₦500 billion and completing its recapitalization program.
The offer follows a successful ₦147.5 billion share sale in 2024, which was oversubscribed by 33% and attracted over 42,800 investors, 92% of whom participated through digital channels. Analysts expect strong investor confidence to continue into this second phase of FCMB’s three-stage recapitalization plan
Investors can subscribe to the public offer through .
Digital Platforms :FCMB Mobile App and Retail/Business Banking Platforms
-Websites :(link unavailable) and (link unavailable)
In-Branch: FCMB branches nationwide
Stockbrokers: Licensed stockbrokers nationwide or CSL Stockbrokers (contact 02012777628 or email cslservice@fcmb.com / cslcsu@fcmb.com)
performance and digital growth trajectory make this public offer an attractive investment opportunity. With a 72% compound annual growth in profit before tax from 2022 to 2025, driven by non-bank subsidiaries and digital revenue growth, FCMB is well-positioned for sustained growth in Nigeria and beyond .
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