FCMB Group Plc has reaffirmed its commitment to Nigeria’s economic recovery with a ₦160 billion public offer designed to strengthen its capital base and sustain its international banking licence.
Group Chief Executive Officer, Ladi Balogun, announced the initiative during the “Facts Behind the Offer” session at the Nigerian Exchange Group (NGX) on October 13, 2025. He said the capital raise supports the Central Bank of Nigeria’s new ₦500 billion minimum capital requirement for international banks.
Balogun explained that the exercise marks a new phase in the Group’s recapitalisation programme and demonstrates investors’ growing confidence in Nigeria’s financial system. He noted that FCMB has raised over $863 million since listing on NGX, with most of the recent funding sourced from domestic investors.
He linked the offer to improving macroeconomic indicators, including rising foreign reserves, easing inflation near 20%, and a stronger naira. According to him, these conditions create a favourable outlook for investors, with lower interest rates and potential re-entry into global emerging market indices expected to attract fresh portfolio inflows.
NGX Chief Executive Officer, Jude Chiemeka, commended FCMB’s transparency and stakeholder engagement, describing the financial sector as vital to national development. He said the industry contributes more than 75 percent of daily NGX transactions and ₦2.2 trillion in taxes over the last four years.
Balogun highlighted FCMB’s strong 2025 half-year performance, reporting a 23 percent rise in profit before tax and 20.6 percent return on equity. He said the new equity would reduce funding costs and enhance profitability once deployed in 2026.
He added that Nigeria’s GDP growth now outpaces population growth — a key milestone for sustainable poverty reduction. He urged investors to sustain or increase their holdings to benefit from the country’s improving economic fundamentals.
