Investments and Divestments

FCMB Group Plc (“FCMB Group” or the “Group”), a leading financial services group, is pleased to announce the successful completion of its public offer, following the approvals of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).The offer was oversubscribed by 33%,

Financial experts say private debt funds could solve Nigeria's shortfall in financing for mid-sized and private equity-backed companies. Unlike private equity, which seeks ownership, private debt focuses on a borrower's repayment ability. The launch of Nigeria's first Naira-denominated private debt

First City Monument Bank Plc, Nigeria (FCMB) and INTL Consilium LLC, Florida, USA has announced a partnership to launch a US$100 million hedge fund investing in Africa and the Middle East. A statement jointly issued by FCMB and INTL Consilium said the fund tagged Legacy Africa Alpha Fund will

As part of plans to expand its business activities, First City Monument Bank Plc (FCMB) has announced a three-level investment that will significantly strengthen the bank’s wealth and asset management businesses. Prominent among these arrangements, the bank disclosed, include the launching of a

HSBC Bank plc has successfully executed a ‘landmark’, privately placed, non-secured structured debt instrument totalling US$100 million with First City Monument Bank (FCMB) Nigeria. This is the first agreement of its kind with an African bank in the international capital markets.

Investors include Helios, CDC, OPIC and Top US based Investment Funds A club of leading international institutional investors led by Helios Investment Partners last Thursday crossed a block trade in the shares of First City Monument Bank Plc (FCMB) acquiring 1,5billion shares, representing 15.81