FCMB Group unveils strategy behind ₦160bn Public Offer at NGX

FCMB Group Plc has outlined the strategic framework and financial rationale for its ongoing ₦160 billion public offer during a “Facts Behind the Offer” presentation at the Nigerian Exchange (NGX) in Lagos.

The session, which drew capital market operators, fund managers, investment analysts, and other stakeholders, provided an in-depth look into the Group’s financial fundamentals, growth trajectory, and recapitalisation roadmap.

This engagement followed the Analyst and Investor Session held on October 9, where FCMB’s leadership discussed the Group’s performance trends, long-term strategy, and progress in creating sustainable shareholder value.

Launched on October 2, 2025, the ₦160 billion offer comprises 16 billion ordinary shares priced at ₦10 each and is scheduled to close on November 6, 2025. The capital raise is designed to help First City Monument Bank Limited, one of the Group’s subsidiaries with a national banking licence, meet the Central Bank of Nigeria’s new ₦500 billion minimum capital requirement for international banks.

The latest public offer follows FCMB’s successful ₦147.5 billion rights issue in 2024, which marked its first capital raise in 16 years.

That exercise was oversubscribed by 33% and attracted more than 42,800 investors, with 92% participating through digital platforms—an indicator of strong investor confidence in the Group’s long-term prospects.

According to analysts, the new offer represents the second phase of FCMB’s three-stage recapitalisation plan. Following the current exercise, the Group intends to finalise the sale of minority stakes in two subsidiaries, with the proceeds to be channelled into strengthening the bank’s capital base.

Upon completion, FCMB’s qualifying core capital is expected to exceed ₦500 billion, paving the way for the Group to secure an international banking licence and enhance its competitive positioning within Nigeria’s financial services sector.

Investors can subscribe to the offer through various channels, including the FCMB Mobile App, retail and business banking platforms, the websites publicoffer.fcmb.com and invest.ngxgroup.com, FCMB branches nationwide, or through licensed stockbrokers such as CSL Stockbrokers (contact: 02012777628, [email protected]/ [email protected]).