FCMB Group: Shareholders Approve Issued Capital Increase and ₦150 Billion Capital Raise - thenewsnigeria.com.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenewsnigeria.com.ng Daily Mail and Mail on Sunday newspapers.
Shareholders of FCMB Group Plc have restated their confidence in the financial institution to sustain its impressive performance and deliver more value.
The shareholders gave the commendation at the eight Annual General Meeting (AGM) of the Group held Wednesday, in Lagos.
They also unanimously approved the payment of a dividend of N2.97 billion, translating to 15 kobo per ordinary share for the year ended December 31, 2020, as against 14 kobo per share the previous year.
The AGM was held virtually due the prevailing COVID-19 pandemic and streamed live to shareholders of the financial institution.
The FCMB Group is a holding company divided along three business groups: commercial and retail banking (First City Monument Bank Limited, Credit Direct Limited, FCMB (UK) Limited and FCMB Microfinance Bank Limited); Corporate & Investment Banking (The Corporate Banking Division of the Bank, FCMB Capital Markets Limited and CSL Stockbrokers Limited) and Investment Management (FCMB Pension
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