FCMB Group raises ₦147.5 billion in Nigeria after successful stock listing, oversubscribed by 33%.

FCMB Group Plc, a Nigerian financial institution, successfully listed 19.8 billion shares on the Nigerian Exchange Group, raising about ₦147.5 billion from over 42,000 investors. The offering was 33% oversubscribed, signaling strong investor confidence. The proceeds will bolster the capital base of its banking subsidiary, supporting expansion and compliance with international capital standards.

6 weeks ago
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