FCMB ₦160 billion public offer facts presentation
FCMB Group plc has laid out the details and rationale behind its ongoing ₦160 billion public share offer during a “Facts Behind the Offer” session held at the Nigerian Exchange (NGX) in Lagos. The presentation drew capital market operators, fund managers, analysts, and other stakeholders who sought deeper insight into the bank’s strategy and financial outlook
The share offer, which opened on October 2, 2025 and is set to close on November 6, 2025, offers 16 billion ordinary shares priced at ₦10 each. It forms part of FCMB’s recapitalisation strategy aimed at ensuring its banking subsidiary, First City Monument Bank Limited, meets the Central Bank of Nigeria’s new ₦500 billion minimum capital requirement for international banks.
Group executives explained that the fresh capital will be used to reinforce the bank’s balance sheet, enhance its lending capacity, and expand operations in key growth sectors. The leadership stressed that the recapitalisation will improve the bank’s resilience, support technological investment, and position it for competitive advantage in both national and international banking.
The 2025 offer is the second phase of a three-stage recapitalisation plan. The first phase was completed in 2024 with a ₦147.5 billion share issue, which was oversubscribed by 33 percent and drew more than 42,800 investors, 92 percent of whom subscribed digitally. Observers see that success as a precursor to continued investor confidence in this new offer.
Following completion of the public share offer, FCMB plans to sell minority stakes in two subsidiaries. The proceeds from those sales will be injected into the banking arm to boost its qualifying core capital above the ₦500 billion threshold. The move is designed to finalize the recapitalisation programme and secure the bank’s international licence ahead of regulatory deadlines.
In explaining the fundamentals, FCMB’s leadership showed key financial metrics, growth trajectories, and a roadmap for sustainable value creation for shareholders. They underscored the importance of regulatory compliance, financial inclusion, and innovation in the bank’s future operations.
