Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag FCMB raised $180 million in Nigeria to meet capital rules and boost growth amid economic recovery.

flag 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. flag The capital infusion, driven by strong domestic investor demand, aims to strengthen FCMB’s financial health, maintain its global licence, and boost returns. flag 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. flag CEO Ladi Balogun cited economic improvements—including stable foreign reserves, lower inflation, and naira gains—as key to rising investor confidence. flag 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.

3 Articles