First City Monument Bank (FCMB) announces its intention to raise an additional N340 billion as part of its capital-raising programme, up from the previously disclosed N150 billion plan.
First City Monument Bank says it plans to raise an additional N340 billion through a capital raising programme that will be approved by its board of directors.
In a notice on Wednesday, FCMB said the funds may be raised through the issuance of ordinary shares or preference sharesthe first phase of its capital-raising programme in September, disclosing plans to raise N150 billion between April and September 2024 as part of its recapitalization efforts. “That the authorised additional capital raise of the Company be and is hereby increased from up to N150,000,000,000.00 to up to N340,000,000,000.
FCMB Capital Raise N340 Billion First City Monument Bank Financial Institutions
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FCMB Agritech Hackathon: AI-powered solution takes top prizeNigeria's independent online newspaper
Read more »
FCMB Agritech Hackathon winners gear up for venture buildingThe Agritech Hackathon, powered by Heave Ventures and supported by the Dutch Entrepreneurial Development Bank (FMO), set the stage for solutions addressing credit access, infrastructure, and food security challenges.
Read more »
FCMB Offers ₦30 Million Clean Energy Loans for Homes and SMEsFirst City Monument Bank (FCMB) has boosted itsenergy finance loan, offering up to ₦30 million to help Nigerian households and small businesses buy solar panels, batteries, inverters, and other clean energy equipment.
Read more »
FCMB-TLG Private Debt Fund can invest up to N2bn in mid-sized businessesFCMB Asset Management Limited has set its sights on supporting the growth of mid-sized companies in critical sectors of the Nigerian economy.
Read more »
FCMB partners with EStars to bring Esports Education to Nigerian schoolsFirst City Monument Bank (FCMB) is working with EStars to bring esports education to Nigerian schools. They want to introduce Nigerians aged 7 to 14 across primary and secondary schools to essential skills for thriving in a digital world early in life. EStars launched its educational esports platform in Nigeria on July 16.
Read more »
Maximizing your retirement savings through additional voluntary contributionsIn today’s fast-changing financial landscape, it’s more important now than ever before for every worker to plan for secure and comfortable retirement. The Contributory Pension Scheme (CPS) has played a vital role in enabling individuals to plan effectively for their post-work life.
Read more »