FCMB Group Plc is convening a virtual Extraordinary General Meeting (EGM) on December 8, 2025, at 10:00 a.m. WAT, to seek shareholders’ approval for a N370 billion recapitalization plan.
This move is a significant step by the bank to meet the Central Bank of Nigeria’s (CBN) N500 billion minimum capital requirement for international banks by March 31, 2026.
The EGM aims to strengthen the lender’s financial position amid Nigeria’s fluctuating inflation rate and naira exchange rate volatility.
This information was contained in a corporate disclosure signed by the Group’s Secretary, Olufubmilayo Adedibu, and announced on the floor of the Nigerian Exchange Group (NGX) on Friday, November 14, 2025.
The EGM agenda features nine ordinary resolutions, headlined by a N30 billion increase from the prior N340 billion capital raise earlier approved by the company’s shareholders in December 2024.
FCMB has raised N167.67 billion, including N144.56 billion from its 2024 public offer and N23.11 billion through loan conversions. The 2025 public offer, targeting N160 billion, has generated strong demand.
Ahead of the scheduled EGM, the company will observe a closed period for two business days from November 28th to December 1st, 2025, to update the shareholders’ register.
The FCMB Group’s Extraordinary General Meeting will be streamed live online and across the company’s social media platforms to enable shareholders to participate in the virtual meeting.
The current share price of FCMB is N10.60; the lender’s shares are the second most traded shares in the last three months, by volume. The group has traded a total of 2.31 billion shares, with an average of 36.6 million shares traded per trading session.
