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…
FCMB
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…
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…
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…
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…
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…
Ex-FCMB bank manager jailed 121 years for N112m fraud
Former First City Monument Bank manager, Nwachukwu Placidus, has been sentenced to 121 years in prison for embezzling N112 million from a…
FCMB’s digital revenue rises to N60bn
FCMB Group Plc has disclosed its digital revenue increased by 62.4 per cent to N60.3 billion in 2023 compared to N37.1 billion…
Banks suggest alternatives amid internet banking outage
As mobile applications and internet banking services continue to be unavailable for the second day in a row, some commercial banks affected…
FCMB announces accelerator program for one million SMEs
First City Monument Bank has started an accelerator program aimed at helping over a million small and medium-sized businesses in Nigeria expand and…
FCMB increases earnings by 207% to N95bn
FCMB Group has recorded a 206.86 per cent increase in profit for the fiscal year ending December 2023 to N95.52 billion. According to…
FCMB reports gross earnings of N516.8bn in 2023
FCMB Group Plc has released its unaudited annual report and financial statements for fiscal year 2023. The Times reported that the group’s gross…