FCMB Considers Selling Stakes in Subsidiaries to Meet CBN Capital Requirement [Video]

• First City Monument Bank’s owners, FCMB Group, could be thinking about lowering their ownership of its subsidiaries
• Proceeds from the transaction could help the lender meet the higher capital requirements if that route is followed
• By March 2026, it hopes to have raised at least half a trillion naira in core capital (not including stock) for its banking operations

Legit.ng journalist Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

To meet the goal of raising core capital (excluding equity) for its banking business to at least half a trillion naira by March 2026, FCMB Group, the owners of First City Monument Bank, may consider reducing its stake in subsidiaries.

Premium Timesreported that Next month, the board of directors will call a meeting to ask shareholders to approve a plan by the lender to sell …