First City Monument Bank Group Plc (FCMB) has announced plans to raise fresh equity capital through an Offer for Subscription, following shareholder approval at its Extraordinary General Meeting (EGM) held on December 19, 2024.
In a statement released to the Nigerian Exchange (NGX), the company said the move is part of its strategy to strengthen its capital base in anticipation of both regional and international expansion.
Proceeds from the equity raise will be injected as additional capital into its flagship subsidiary, First City Monument Bank Limited.