FCMB Group has commenced a N110 billion public offer to bolster its capital base – the first phase – to meet the Central Bank of Nigeria’s (CBN) regulatory requirements for international banks. The offer, which involves issuing 15,197,282,219 ordinary shares at N7.30 kobo each, was officially launched at the Nigerian Exchange Limited (NGX) on Tuesday, July 30, 2024. Ladi Balogun, Group Chief Executive Officer of FCMB, outlined the bank’s capital-raising strategy, emphasising a phased approach. The initial phase, targeting N150 billion through public and private placements, is expected to concl…