Browsing: FCMB Group Plc

FCMB Group Plc says it plans to raise N397 billion in three phases ahead of the Central Bank of Nigeria (CBN) recapitalisation exercise.

Nigerian Banks valuations are expected to remain attractive despite expectation

FCMB: Planned Acquisition of AIICO Pension Portends Long Term Value. FCMB group proposed acquisition of AIICO Pension is positive for long term value but could dilute shareholders return by about 26% in the short term, says analysts at Chapel Hill Denham Limited, an investment banking firm.

FCMB Group to Acquire 96 Percent of AIICO Pensions. FCMB Group  and AIICO Insurance have notified the Nigerian Stock Exchange (NSE) and the investing public of discussions for sale of 96% stake of AIICO Pensions Managers to FCMB Pensions

FCMB says group will diversify earnings from retail, raise Tier-2 Capital. After disappointing earnings in the third quarter of 2019, FCMB Group www.fcmbgroup.com said it plans to diversify earnings concentration from banking, sets strategic course for 2020 with Tier-2 capital raise which is expected to be closed in January.