By Adedapo Adesanya First City Monument Bank (FCMB) Plc aims to raise N150 billion in new capital by selling stocks as part of recapitalisation efforts announced in March by the Central Bank of Nigeria (CBN). The company intends to get authorisation for the additional funds from shareholders at a forthcoming Annual General Meeting (AGM), where it will also seek the approval of a proposed payment of a 50 Kobo dividend for the 2023 financial year. The bank said in a filing on the Nigerian Exchange (NGX) on Wednesday, May 1 that it would explore different options for the raise. The
Recapitalisation: FCMB Seeks Shareholders’ Approval for Fresh N150bn
