According to a statement made available to our correspondent on Thursday, the capital raise is aimed at bolstering the group’s operational capacity and supporting its growth initiatives.

The FCMB Group Chief Executive, Ladi Balogun, stated that despite challenging economic conditions, the bank had maintained strong performance metrics, including revenue growth and profitability.

The Group Chief Executive Officer of the Nigerian Exchange Group, Temi Popoola, lauded FCMB’s initiative, emphasising the exchange’s support for the capital raise.

He noted that FCMB’s digital innovations around the public offer aligned with NGX’s digital transformation goals.

Popoola highlighted FCMB’s achievements, such as increased net income and expanded digital banking services, adding that the group’s portfolio and innovative strategies had allowed it to successfully navigate economic challenges while focusing on growth and sustainability.

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