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Tag: FCMB

FCMB raises ₦147.5bn in oversubscribed public offer
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FCMB posts N20.69bn bond on NGX

The Nigerian Exchange Limited has listed a N20.69 billion bond issued by the FCMB Group. According to The Punch, the NGX stated that the lender’s memorandum listing of the bond is under FCMB’s N300bn Debt Issuance Program in a market bulletin sent to capital market operators and signed by the Head, Listings Regulation Department of NGX Regulation, Lilian […]

FCMB raises ₦147.5bn in oversubscribed public offer
Business

FCMB Group records 148% growth H1 2023

FCMB Group Plc reported excellent results across all major metrics, with a 148% increase in profit before tax of N38.2 billion from January to June this year compared to N15.4 billion in the same period of 2022. Highlights from the diverse Group’s unaudited six-month results, which were made public on the Nigerian Exchange Limited floor, revealed […]

10 facts about late FCMB founder Subomi Balogun
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10 facts about late FCMB founder Subomi Balogun

  Nigerians especially the banking sector was thrown into a state of mourning following the death of prominent Nigerian business man and banker, Otunba Subomi Balogun, on Friday. AM Business reported that the founder First City Monument Bank was reported to have died in a London Hospital after a brief illness. Below are some facts […]

FCMB Founder Otunba Subomi Balogun is dead
News

FCMB Founder Otunba Subomi Balogun is dead

    He dead on Friday morning at a London hospital after a brief illness. He was 89. Otunba Balogun was a direct descendant of Oba Tunwase of Ijebu-Ode. He was until his death held many chieftaincy titles, and the most prominent is Tunwase of Ijebuland. More details later…

News

30 graduates benefit from FCMB internship placements

First City Monument Bank has provided 30 recent graduates, between the ages of 18 and 30, with the opportunity to acquire work experience through its yearly ‘Flexxtern internship programme’.   The Flexxterns program was initiated to provide unique opportunities for learning outside of academic settings, and expose young Nigerians to new tasks and career opportunities. […]

AfDB, FCMB to boost SMEs, women enterprisea with $50m
News

AfDB, FCMB to boost SMEs, women enterprisea with $50m

  The African Development Bank and First City Monument Bank has reached an agreement to boost small and medium-sized enterprises and women-empowered businesses with a $50 million Line of Credit Agreement. According to The Nation, the proceeds of the line of credit will be used by FCMB to finance SMEs and WEBs in Nigeria’s agribusiness, […]