Business
FCMB Group Plc has lauded key financial regulators, as well as the Nigerian Exchange Group (NGX Group) following the successful completion of the initial phase of its transformational capitalisation programme.
Mr Ladi Balogun, Group Chief Executive Officer of FCMB, appreciated the regulators in a statement made available on Monday in Lagos.
Balogun commended the Central Bank of Nigeria (CBN), Securities and Exchange Commission (SEC), and the NGX Group for their critical roles in facilitating the capital raise.
He said: “I hail the CBN for its visionary leadership and commend the SEC for its efforts in reinforcing market confidence and providing guidance through challenging periods.
“I also acknowledge the NGX Group and the NGX Invest platform for their crucial role in enabling 40,000 investors to subscribe to the public offer through digital channels.
“The capital raise will bolster FCMB’s balance sheet, enhance customer banking experiences, support community development and generate value for shareholders.”
According to him, the initiative will contribute to economic transformation, nation-building and reshaping the African narrative.
Balogun expressed optimism about FCMB Group’s future, noting that the successful capital raise was a step toward fostering shared prosperity and creating a better world for future generations.(NAN)
A.I
Sept. 10, 2024
Tags: FCMB Group Plc Mr Ladi Balogun Nigerian Exchange Group
