FCMB Capital Markets Limited raised N1.53 trillion in corporate debt capital in 2025 through bond listings and commercial paper quotations on FMDQ Securities Exchange Limited. This positioned the firm as the top sponsor on FMDQ's Fixed Income Primary Markets Sponsors' League Table for the year ended December 31, 2025. The firm led in both segments, accounting for 11.66 per cent of total bond listings and 7.68 per cent of commercial paper quotations. FMDQ recorded participation from 58 registration members in listings and 77 in quotations, with 47 institutions actively sponsoring fixed-income securities excluding Federal Government instruments. FCMB Capital Markets, a subsidiary of FCMB Group Plc, outperformed other firms in structuring debt capital transactions for corporate clients. Femi Badeji, Executive Director, Coverage and Investment Banking at FCMB Group, said the result reflects issuer confidence and strong investor demand. "Our ranking reflects the confidence issuers place in our ability to structure and execute capital market transactions," Badeji said. "Mobilising more than N1 trillion in a single year demonstrates the depth of demand for capital market funding and the role we play in connecting issuers with long-term investors." CEO of FCMB Capital Markets, Ikechukwu Omeruah, reaffirmed the firm's commitment to expanding access to short-term and long-term funding via the capital markets.
Pulling in N1.53 trillion in a single year is no small feat, but it doesn't mean the broader market is thriving. FCMB Capital Markets' dominance shows one firm can move massive volumes, yet only 47 institutions actively sponsored non-government debt instruments in 2025—proof that corporate participation in Nigeria's capital markets remains shallow. For most Nigerian businesses, the capital market is still out of reach.
