- 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.
