BY GODWIN OBI
Following the successful completion of the initial phase of its capitalisation programme, FCMB Group Plc has applauded the support of the Nigerian Exchange Group (NGX) and the Central Bank of Nigeria (CBN).
The Group Chief Executive Officer of FCMB Group Plc, Ladi Barogun in a statement stated that the CBN and the NGX played critical roles in facilitating the capital raise praising them for their efforts at reinforcing investors confidence and providing guidance.
Balogun said that, “The capital raise will bolster FCMB’s balance sheet, enhance customer banking experiences, support community development, and generate value for shareholders. This initiative would contribute to economic transformation, nation-building, and reshaping the African narrative.”
He expressed optimism about FCMB Group’s future, seeing the successful capital raise as a step toward fostering shared prosperity and creating a better world for future generations. This is even as he acknowledged the NGX Invest platform which facilitated the participation of over 40,000 investors through digital channels.
Following the Go-Live of NGX Invest, Temi Popoola, Group Managing Director and Chief Executive Officer of NGX Group, highlighted the role of the platform in stimulating successful capital raising. “With the support of regulators and stakeholders, we have developed a fully digitized market infrastructure for distributing financial products, including public offers and rights issues,” said Popoola.
He added, “Our aim is to digitize these transactions to advance financial inclusion and more effectively engage retail investors.”
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