Temi Popoola, Group CEO of the Nigerian Exchange Group (NGX), has commended FCMB Group for its successful capital raise of N110.9 billion through a public offer.
He highlighted the innovative digital approaches adopted by FCMB and expressed confidence in the positive impact of the raise on the capital market community.
At the Facts Behind the Offer (FBO) session, FCMB Group, led by GCEO Ladi Balogun, detailed its plan to raise N110.9 billion by offering 15.197 billion shares at N7.30 each.
The public offer, which started on July 29, 2024, is set to close on September 4, 2024.
Balogun emphasized FCMB’s resilience and strong performance amid economic uncertainties, showcasing the group’s adaptability and commitment to delivering value.
NGX’s CEO, Jude Chiemeka, also expressed optimism about the process, highlighting the exchange’s support for FCMB’s efforts.