FCMB closes in on N500 billion recapitalisation target as capital raise ends

FCMB closes in on N500 billion recapitalisation target as capital raise ends

“Together, the public offer and minority divestment provide sufficient capital for the bank to meet the revised N500 billion minimum capital requirement for an international banking licence,” FCMB Group stated. The post FCMB closes in on N500 billion recapitalisation target as capital raise ends appeared first on Premium Times Nigeria.

FCMB Completes CBN Capital Requirement Ahead of March 31 Deadline

FCMB Group Plc has said it had successfully met the Central Bank of Nigeria’s new capital requirements, announcing a verified capital base of N288.9bn of its banking subsidiary, First City Monument Bank Limited. The lender is awaiting final validation from the Central Bank of Nigeria to cement its new status as a top-tier international banking […]

FCMB Meets N500bn Requirement For Int'l Banking Licence

FCMB Group Plc has announced the successful completion of its capital raise programme undertaken for its banking subsidiary, First City Monument Bank Limited, following approvals from relevant regulatory authorities. The financial services group disclosed this in a statement made available to the Nigerian Exchange Limited (NGX) in Lagos, noting that the exercise forms part of... The post FCMB Meets N500bn Requirement For Int’l Banking Licence ap…

FCMB Group Offer Oversubscribed By 150.5% As Investors Apply For 24 Billion Shares

FCMB Group Plc has announced the results of its public offer for 16,000,000,000 ordinary shares of 50 kobo each at ₦10.00 per share with the offer oversubscribed by 150.5 percent. The offer, which opened on October 2, 2025 and closed on November 6, 2025, attracted 25,855 applications for a total of 24,088,389,638 ordinary shares. According […] The post FCMB Group Offer Oversubscribed by 150.5% as Investors Apply for 24 Billion Shares appeared fi…

Recapitalization: Signature Bank Crosses the N50bn Target - Tech

While the rest of the banking sector is sweating over the March 31, 2026, deadline, Signature Bank has already popped the champagne. The regional lender has officially surpassed the Central Bank of Nigeria’s (CBN) N50 billion minimum capital requirement, raising its capital base to N52 billion. The bank hit the milestone following a successful rights issue, proving that even in a high-interest-rate environment, there’s still plenty of investor a…