FCMB touts ₦160b offer at NGX Lagos
FCMB Group presented details of its 160 billion naira capital raise to market participants on October 13, 2025 at the Nigerian Exchange Group. Group CEO Ladi Balogun said the funds would help the bank meet the Central Bank’s 500 billion naira requirement for international banking licenses. The exchange has helped FCMB raise 863 million dollars since its founding, with domestic investors providing the most recent support.
Nigerian Exchange Group CEO Jude Chiemeka noted financial institutions account for more than 75 percent of daily trading activity. Balogun said the bank achieved 23 percent profit growth before taxes and a 20.6 percent return on equity through the first half of 2025. He told shareholders the capital would reduce expensive deposit costs and improve margins after deployment in early 2026.
