In a decisive move to solidify its position among Nigeria’s strongest financial institutions, FCMB Group Plc has presented the Facts Behind the Offer for its ongoing N160 billion public share sale at the Nigerian Exchange (NGX) in Lagos. The presentation, which took place on Monday, October 13, 2025, attracted capital market operators, fund managers, institutional investors, analysts, and key industry stakeholders.
The session provided a transparent and detailed insight into the Group’s strategic recapitalisation plan, growth trajectory, and the rationale behind its new public offer — an initiative aimed at meeting the Central Bank of Nigeria’s (CBN) N500 billion minimum capital requirement for international banks.
A Milestone in Nigeria’s Banking Recapitalisation Era
The N160 billion offer, which opened on October 2, 2025, and is scheduled to close on November 6, 2025, represents the second phase of FCMB’s three-stage recapitalisation strategy. The offer comprises 16 billion ordinary shares priced at N10 per share and will help boost the capital base of First City Monument Bank Limited, FCMB’s flagship banking subsidiary, which has already secured its national banking licence.
With this latest offer, FCMB aims to exceed the CBN’s recapitalisation benchmark, paving the way to obtain a full international banking licence.
The move follows the Group’s 2024 public offer of N147.5 billion, which was oversubscribed by 33% and drew participation from over 42,800 investors, with 92% subscribing digitally — a feat analysts described as a sign of strong investor confidence in the Group’s governance, digital transformation, and profitability record.
Transparency and Investor Confidence at the NGX
At the NGX event, Group Chief Executive, Mr. Ladi Balogun, led FCMB’s top management team, including Executive Director/Chief Operating Officer, Mr. Gbolahan Joshua, and Executive Director, Coverage & Investment Banking, Mr. Femi Badeji, in a detailed presentation of the Group’s fundamentals, capital structure, and growth prospects.
Also present were notable market leaders such as Mr. Jude Chiemeka, Chief Executive Officer of NGX Limited; Mr. Olufemi Shobanjo, CEO of NGX Regulation Limited; Mr. Tony Ibeziakor, Head of Primary Market, NGX; and Alhaji Rasheed Yusuf, the Doyen of the Nigerian Capital Market.
Speaking at the event, Mr. Balogun reaffirmed the Group’s commitment to sustainable value creation and long-term investor returns.
“This recapitalisation journey is not just about meeting regulatory thresholds,” he stated. “It is about preparing FCMB Group for the future — one where our capital strength, digital resilience, and international competitiveness work together to drive inclusive economic growth.”
Market analysts have praised FCMB’s transparent engagement with investors, noting that the Group’s strong fundamentals, digital subscription model, and innovative retail focus have made it one of the most trusted financial brands in Nigeria’s banking landscape.
Strategic Next Steps and Digital Participation
Following the ongoing public offer, FCMB plans to complete the third stage of its recapitalisation programme through the sale of minority stakes in two subsidiaries, with proceeds reinvested to further strengthen the Group’s capital base. Upon completion, the Group’s core capital is expected to exceed N500 billion, positioning it among Nigeria’s few fully recapitalised international banks.
Subscriptions for the N160 billion offer can be made through multiple channels:
- Digital Platforms: FCMB Mobile App and Retail/Business Banking platforms
- Web Portals: publicoffer.fcmb.com and invest.ngxgroup.com
- Physical Channels: All FCMB branches nationwide
- Licensed Stockbrokers: Including CSL Stockbrokers (Contact: 02012777628 or via email at cslservice@fcmb.com / cslcsu@fcmb.com)
A Reflection of Confidence in Nigeria’s Capital Market
The FCMB offer comes at a critical time in Nigeria’s financial landscape, as banks race to meet the CBN’s recapitalisation directive, aimed at strengthening the financial system and preparing institutions for global competitiveness.
Industry observers note that FCMB’s proactive strategy reflects the confidence of its management in Nigeria’s economic recovery path and its ability to leverage digital innovation for sustained growth.
As the November 6, 2025 closing date approaches, investor interest remains strong, with analysts predicting another oversubscription — an outcome that would underscore the Group’s rising investor appeal and reaffirm market faith in its leadership.
For many stakeholders, FCMB’s recapitalisation story is not merely a compliance exercise but a strategic transformation journey, positioning the Group to play a larger role in financing Nigeria’s economic resurgence and regional financial integration.
FCMB Group Plc presents the facts behind its N160 billion public offer at the Nigerian Exchange (NGX), marking a major step toward meeting CBN’s N500 billion capital requirement and securing an international banking licence..
Discover more from Ameh News
Subscribe to get the latest posts sent to your email.
