FCMB Group gets shareholders nod to raise N150b capital

The Nation Newspaper FCMB Group gets shareholders nod to raise N150b capital

FCMB Group Plc’s shareholders, at the company’s 11th Annual General Meeting , approved an increase in issued share capital from N9,901,355,390.5 0 to N19,802,710,781.

He said: “FCMB Group Plc demonstrated resilience, the result of which has given me the great pleasure of being able to inform you that for the full year ended 31 December 2023, the Group declared a profit before tax of N104.4 billion, up 185.6 per cent from the full year 2022. The diligence exhibited by our workforce across the country has been remarkable. I commend everyone who contributed to this strong operating performance for the year under review.

Also speaking, the Secretary General of the Independent Shareholders Association of Nigeria , Mr. Eke Emmanuel, applauded FCMB Group’s results and endorsed the capital raising programme.

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