FCMB Group meets CBN’s N500bn recapitalisation mandate

FCMB Group Plc has formally introduced the profitable completion of the capital increase programme undertaken for its banking subsidiary, First Metropolis Monument Financial institution Restricted.

In a press release signed by the Group Chief Government, Mr. Ladi Balogun, and despatched to the Nigerian Alternate on Monday, the Group confirmed it has obtained all requisite approvals from the Central Bank of Nigeria, the Securities and Alternate Fee, and the Nationwide Pension Fee.

The capital injection was achieved by two major monetary devices, together with the 2025 Public Provide, which raised roughly N231.8bn in gross proceeds, and a minority divestment of roughly 10 per cent of the issued share capital of FCMB Pensions Restricted, which raised a further N11.0bn.

These transactions have been instrumental in bridging the hole to satisfy the stringent new regulatory benchmarks set by the apex financial institution for lenders working with worldwide authorization.

In response to the Group Chief Government, the mixed monetary effort has solidified the financial institution’s standing within the trade.

“Collectively, the general public supply and minority divestment present adequate capital for the Financial institution to satisfy the revised ₦500 billion minimal capital requirement for a world banking licence,” Balogun said.

This achievement is underpinned by a verified eligible capital base, consisting of paid-up share capital and share premium, which stood at ₦266.5 billion as of 31 December 2025.

The profitable completion of this programme marks a big milestone for the monetary establishment because it seeks to keep up its aggressive edge and world attain.

Reflecting on the collaborative effort required to succeed in this purpose, the assertion famous that “FCMB Group expresses its honest appreciation to the regulatory authorities, buyers, and different stakeholders for his or her continued help in reaching this necessary milestone.” With this capital buffer, the financial institution is now positioned to proceed its growth and help for the Nigerian economic system beneath its worldwide banking standing.