FCMB Group Plc has launched a public share sale worth N160 billion to strengthen its banking operations and comply with the Central Bank of Nigeria’s (CBN) new minimum capital requirement of N500 billion for international banking licenses. The offer involves selling 16 billion shares at N10 each and will run until November 6, 2025. The funds raised will be used to recapitalize the banking subsidiary, enabling FCMB to maintain its international banking status.
This new share sale follows a successful N147.5 billion offering in 2024, which was oversubscribed by 33% and attracted nearly 43,000 investors, primarily using digital platforms. Analysts expect that the positive momentum from the previous offering will continue into this second phase of FCMB’s three-part recapitalization plan. The bank has shown strong growth, with its profit before tax rising significantly in recent years.
FCMB’s digital initiatives have also contributed to its success, with digital revenues increasing by over 58% annually. As of June 2025, digital lending accounted for 9% of the bank’s loan portfolio. The bank’s stock is currently seen as a valuable investment opportunity, blending growth potential with solid fundamentals.
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