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FCMB raised $180 million in Nigeria to meet capital rules and boost growth amid economic recovery.
FCMB Group raised ₦160 billion ($180 million) on Nigeria’s NGX, a major step toward meeting the Central Bank’s ₦500 billion capital requirement for international banks.
The capital infusion, driven by strong domestic investor demand, aims to strengthen FCMB’s financial health, maintain its global licence, and boost returns.
The bank reported a 23% profit increase and 20.6% return on equity in H1 2025, with the funds expected to lower funding costs and improve margins by Q1 2026.
CEO Ladi Balogun cited economic improvements—including stable foreign reserves, lower inflation, and naira gains—as key to rising investor confidence.
The NGX noted FCMB’s transparency and growth potential, while the bank’s stock has surged 395% since 2020, reflecting optimism amid Nigeria’s broader economic recovery.
FCMB recaudó $180 millones en Nigeria para cumplir con las reglas de capital e impulsar el crecimiento en medio de la recuperación económica.