FCMB completes N500bn recapitalisation, retains international license

FCMB Group Plc has completed the recapitalisation of its banking subsidiary, First City Monument Bank Limited, and has secured its international banking licence after obtaining all required regulatory approvals. The Group raised more than N400 billion through a series of transactions, including public equity offerings, a convertible instrument, and a minority divestment in one of its […] The post FCMB completes N500bn recapitalisation, retains international license appeared first on Vanguard ...

By Urowayino Jeremiah