Balogun Hails Strong Investors’ Confidence In FCMB N400bn Capital Raise

The chief executive officer of FCMB Group, Ladi Balogun, has commended investors for their strong confidence in the group following the successful recapitalisation of its banking subsidiary, First City Monument Bank, which raised over N400 billion. The capital raise, achieved through a combination of public equity offerings, a convertible instrument and a minority divestment in […]