FCMB Announces Completion of its Banking Recapitalisation Excercise for Required Capital on Int’l Banking Licence….details

FCMB Group Plc has just announced the completion of its banking recapitalisation exercise, raising the required capital for an international banking licence ahead of the March 2026 deadline set by the Central Bank of Nigeria (CBN).

Fcmb said it has secured the necessary regulatory approvals from the CBN, the Securities and Exchange Commission (SEC), and the National Pension Commission (PenCom).

The bank raised about N231.8 billion through a public offer and generated an additional N11 billion from the minority divestment of roughly 10% of FCMB Pensions Limited.

….see attached 👇

Source: FCMB