The financial services group made this known during its “Facts Behind the Offer” presentation at the Nigerian Exchange (NGX) in Lagos on Monday, October 13, 2025. The session brought together capital market operators, fund managers, analysts, and investors, who received detailed insights into FCMB’s fundamentals, strategic direction, and recapitalisation roadmap.
The event followed an earlier Analyst and Investor Session held on October 9, 2025, where the Group’s leadership outlined performance trends, digital expansion milestones, and its plan to deliver sustained shareholder value amid a changing regulatory environment.
Launched on October 2, 2025, the public offer seeks to raise ₦160 billion through the sale of 16 billion ordinary shares at ₦10 per share. The proceeds will help First City Monument Bank Limited, the Group’s flagship banking subsidiary, strengthen its capital base in line with the Central Bank of Nigeria’s new ₦500 billion minimum capital requirement for international banks. The offer will close on November 6, 2025.
The ongoing offer comes on the heels of FCMB’s ₦147.5 billion share sale in 2024—its first in 16 years—which was oversubscribed by 33% and drew participation from over 42,800 investors, 92% of whom subscribed via digital channels. Analysts say this strong investor appetite highlights confidence in the Group’s leadership and long-term vision.
According to FCMB, the current capital raise is part of a three-stage recapitalisation plan. Following the completion of the public offer, the Group intends to sell minority stakes in two subsidiaries, with proceeds also injected into the bank. This, the company said, will lift its qualifying core capital well above ₦500 billion, completing its recapitalisation programme and ensuring full compliance with the Central Bank’s guidelines for international banks.
Investors can subscribe through digital platforms such as the FCMB Mobile App, Retail and Business Banking portals, or via the dedicated websites — publicoffer.fcmb.com and invest.ngxgroup.com. Subscriptions are also open at FCMB branches nationwide and through licensed stockbrokers, including CSL Stockbrokers, which serves as the issuing house for the offer.
Market watchers note that the successful completion of the exercise will further consolidate FCMB Group’s position as a resilient and technology-driven financial services player in Nigeria’s evolving banking landscape.