August 24, 2025 — FCMB Group Plc has announced plans to embark on a fresh equity capital raise as part of its strategy to strengthen operations and finance its expansion across priority growth areas.
In a disclosure to the Nigerian Exchange (NGX), the financial services holding company explained that the capital injection would boost its balance sheet, enhance competitiveness, and position the group to seize emerging opportunities within Nigeria and across Africa.
The company stated that proceeds from the planned raise would be deployed into expanding its digital banking platforms, scaling up lending capacity, and deepening its retail, corporate, and investment banking operations. It added that the initiative would also support subsidiaries in asset management, pensions, and microfinance, thereby advancing its commitment to financial inclusion.
Market watchers noted that FCMB’s move mirrors wider industry trends, as Nigerian banks race to strengthen their capital bases in response to regulatory pressures and to withstand ongoing economic challenges.
The group assured investors that the structure and timeline of the equity issuance would be announced in due course, while reaffirming its commitment to delivering sustainable growth and long-term shareholder value.
