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Cashew industry generates over $400m from export –

  • 23rd January 2026

Nestlé ‘recovers all plastic’ placed on Nigerian market

  • 23rd January 2026

Tinubu approves commercial oil exploration at Tongeji Island,

  • 23rd January 2026

Seplat Energy appoints Tony Elumelu as non-executive director

  • 22nd January 2026

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Cashew industry generates over $400m from export – FACAN

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Tag: FCMB

FCMB raises ₦147.5bn in oversubscribed public offer
Business

FCMB profit before tax surges 46% to N134bn

FCMB has reported a profit before tax of N134.497 billion for the nine months ended 30 September 2025, representing a 46.2 per cent increase from the N91.83 billion posted in the same period last year. For the third quarter alone, the Group’s unaudited financial statement filed with the Nigerian Exchange revealed that pre-tax profit grew […]

Banking

FCMB named best SME focused Bank for 2025

First City Monument Bank has been named Nigeria’s Best SME Focused Bank for 2025 by the Chartered Institute of Bankers of Nigeria, after leading the industry with a 24 per cent share of the N1.8tn SME disbursements in 2024. The award, presented at the 60th Annual Bankers Dinner in Lagos, highlights FCMB’s strong commitment to […]

Business

Tantalizers signs five-year export deal for prawns, shrimps

Tantalizers Plc has entered a five-year tripartite Offtake Agreement with its subsidiary, Tantalizers Fisheries Limited, and Harvester Fisheries LLC for the export of tiger prawns and shrimps. According to a disclosure filed with the Nigerian Exchange Limited on Friday, Tantalizers and its subsidiary will supply Harvester Fisheries LLC — a U.S.-based seafood importer and distributor […]

Banking

FCMB appoints Oluyinka Johnson as non-executive director

First City Monument Bank has appointed Ms. Oluyinka Johnson as a Non-Executive Director, following approval from the Central Bank of Nigeria. Ms. Johnson brings over 20 years of experience in strategic leadership and operational excellence across the financial and business sectors. Her career includes key roles at First Bank of Nigeria Ltd, where she served […]

Banking

FCMB partners, Truecaller to enhance customer trust

First City Monument Bank has formed a strategic partnership with Truecaller, a global platform for trusted communication, to transform its engagement with customers across Nigeria. This collaboration aims to enhance customer trust, reduce fraud, and ensure safe, trusted, and seamless communication between FCMB and its customers. Through this partnership, FCMB will leverage Truecaller’s Customer Experience […]

MTN Nigeria to build new HQ in Eko Atlantic
Business

FCMB, TotalEnergies partner to deliver 157-unit residential tower in Eko Atlantic

First City Monument Bank has partnered with TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd to finance and develop Louisville Phase 1, a 157-unit residential tower located in Eko Atlantic City, Lagos. The project is a key component of the broader $150 million Louisville mixed-use development, which will also include a luxury hotel, commercial spaces, sports […]

Banking

FCMB reassures investors amid CBN dividend suspension, stricter oversight

FCMB Group Plc has moved to allay investor concerns following a new directive from the Central Bank of Nigeria, which halts dividend payments and imposes stricter oversight on banks with unresolved forbearance loans or breaches of the Single Obligor Limit. In a statement on Monday, the bank revealed it had reduced its forbearance-related loan exposure […]

FCMB raises ₦147.5bn in oversubscribed public offer
News

FCMB raises ₦147.5bn in oversubscribed public offer

First City Monument Bank Group has announced that it successfully raised ₦147.5 billion through its latest public offer, which was oversubscribed by 33%, reflecting strong investor confidence. The capital infusion will enable its Nigerian banking subsidiary, FCMB Ltd., to bolster its capital base to over ₦240 billion, surpassing the regulatory requirement for national banks. At […]

FCMB Group secures shareholder approval for ₦340bn capital raise
News

FCMB Group secures shareholder approval for ₦340bn capital raise

FCMB Group Plc has received shareholder approval to raise ₦340 billion in fresh capital aimed at strengthening its banking subsidiary, First City Monument Bank Limited, to meet the Central Bank of Nigeria’s international banking license requirements. The decision was finalized during an extraordinary general meeting held in Lagos and virtually, with shareholders endorsing an increase […]

News

FCMB, others seek bold reforms to boost non-oil export trade

Stakeholders at the sixth non-oil seminar organised by the First City Monument Bank have called for urgent and decisive actions to transform Nigeria’s non-oil sector into the main engine of economic growth. The seminar, themed “Refocusing Nigeria’s Economic Development Through Non-Oil Exports,” gathered policymakers, financiers, export trade experts, and industry players to address key challenges […]

News

SEC approves FCMB-TLG as Nigeria’s first private debt fund

The Securities and Exchange Commission has approved the FCMB-TLG Private Debt Fund, Nigeria’s first private debt fund denominated in naira. This was disclosed by the CEO of FCMB Asset Management Limited, James Ilori at the signing ceremony, according to Businessday. The Fund set up in May 2024, is sponsored and managed by FCMB Asset Management […]

News

FCMB seeks to raise N150bn for recapitalization in Sept

The Management of First City Monument Bank plans to raise N150 billion in capital between now and September 2024. This was disclosed by the Chief Executive Officer of FCMB Group Plc, Ladi Balogun at the sidelines of the company’s Annual General Meeting in Lagos, according to Nairametrics. Balogun said the company had come up with […]

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