FCMB Group Plc has successfully completed the initial phase of its capitalisation programme, earning praise for the support received from the Nigerian Exchange Group (NGX) and the Central Bank of Nigeria (CBN). Group CEO Ladi Balogun credited both institutions for their critical roles in reinforcing investor confidence and providing necessary guidance during the process.
Balogun emphasized that the capital raise will strengthen FCMB’s balance sheet, improve customer banking experiences, and contribute to community development and economic transformation. He also highlighted the participation of over 40,000 investors through the NGX Invest platform, a digital tool that facilitated the capital raising efforts.
Temi Popoola, Group Managing Director and CEO of NGX Group, underscored the platform’s role in advancing financial inclusion and engaging retail investors by digitizing market infrastructure for public offers and rights issues.
