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flag Nigerian regulators approve FCMB Group's oversubscribed N147 billion rights offer, attracting 42,800 investors.

flag The Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) have approved FCMB Group's N147 billion rights offer, which was oversubscribed by 33%. flag The offer attracted 42,800 investors, with 92% subscribing digitally, bringing in 39,000 new investors. flag The funds raised will boost FCMB's capital base to over N240 billion, exceeding requirements for a national banking license and supporting its capital program.

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