E-Financial
FCMB Commits to Power Sector Development

FCMB Group has reaffirmed its commitment towards providing the necessary support to ensure the successful implementation of the ongoing reforms in Nigeria’s power sector. This, it stated, is in line with its contribution towards national development.
The Bank gave this assurance at a special forum titled, ‘’Financing the Power Sector Reforms for Economic Development’’, held in Abuja at the weekend , to showcase the N300 billion Bank of Industry-Power and Aviation Intervention Facility (BOI-PAIF) initiative which was launched in 2010.
According to Robert Grant, group head, Project and Structure Finance of FCMB Capital Markets Limited, FCMB has committed over $275 million to the Power Sector reform and the value chain opportunities. He added that FCMB Capital Markets is actively involved in the ongoing Niger Delta Power Holding Company’s (NDPHCs) privatization of its National Integrated Power Projects (NIPPs).
Also speaking at the event, Mohammed Namadi Sambo , vice president stated that reforming the Power Sector is integral to developing Nigeria’s economy. He acknowledged the support provided by the Nigerian banking industry to the Power Sector to date, and urged continuous support towards achieving 20,000 megawatts (MW) of electricity generation by the year 2016.
He pointed out that the Federal Government and other stakeholders like the Bureau of Public Enterprise were determined to ensure that the privatization of the Power Holding Company of Nigeria (PHCN) was concluded on schedule and that the Roadmap for Power Sector Reform Programme is on course and that that all hands must be on deck to realize the 20,000 MW objective.
FCMB was one of the first banks to access the BOI-PAIF with provision of a N3.2 billion Term Loan Facility to Tower Power Utilities Limited (TPUL) for their 17.75 MW combined cycle gas fired power generation plant in Otta Industrial Estate, Ogun State.
The feedstock is gas supplied by Shell through a pipeline which terminates in the Ota Industrial Estate. Apart from scheduled maintenance, the gas supply has been uninterrupted since inception.
The plant provides power to several enterprises including but not limited to Aluminum Rolling Mills, Kolorkote Nigeria Limited, Eagle Packaging & Printing, Green Fuels, Dychem, Covenant University and Euro Global & Food Distilleries.
The clear value proposition is the constant power supply that has significantly improved efficiency, competitiveness and profitability as almost all TPUL’s customers have effectively de-mobilized their existing diesel-fired assets.
In addition to the Discos, FCMB Group has financed gas pipelines, gas processing projects, and greenfield and brownfield IPPs. Apart from FCMB Limited (the group’s commercial banking arm) providing debt finance, FCMB Capital Markets has provided advisory services including structuring, arranging, syndicating transactions as well as post-closing technical support in its role as Technical Bank.
Grant indicated that he was honored to be invited to the event, which validates the BOI-PAIF initiative and the Nigerian banking sector’s support for the industry and concluded that FCMB Group’s commitment to the Roadmap to Power Sector Reform is assured.
FCMB Group today, is viewed to have been positioned as the premier financial services group of African origin.
At the centre of its businesses, lies a talented work-force that drives a comprehensive bouquet of financial services, and is focused on providing simple and reliable services to our customers.
E-Financial
CBN, NGX Group Defend Economic Reforms at Nasdaq

In a bid to woo global capital and enhance investor’s confidence, Nigeria’s top financial leaders presented a unified front at a strategic investment forum hosted at the Nasdaq MarketSite in New York.
The event was organised by the Central Bank of Nigeria (CBN) in collaboration with Nigerian Exchange Group (NGX Group), JPMorgan, and the African Private Capital Association (AVCA).
The exclusive gathering brought together leaders from the Nigerian diaspora, global investment institutions, and corporate executives for insightful dialogue on the country’s evolving financial landscape and its readiness to attract global capital for sustainable growth.
Governor of the CBN, Olayemi Cardoso in a fireside chat with Nobel Prize-winning economist Dr. James Robinson, outlined Nigeria’s monetary policy direction, growth prospects, and efforts to deepen its financial markets.
He reaffirmed the CBN’s commitment to disciplined policy management, market-friendly reforms, and enhanced transparency to foster a stable, investor-friendly environment. Cardoso also stressed the importance of strong collaboration between regulators like the CBN and market operators such as NGX Group, describing it as critical to building a resilient financial system and mobilising long-term investments.
Temi Popoola, Group Managing Director/CEO of NGX Group, moderated an engaging discussion on how Nigeria’s reforms are repositioning the country as an increasingly attractive destination for global capital.
“Today’s dialogue marks a pivotal step in reshaping global perceptions of Nigeria’s investment story,” said Popoola. “The candid engagement between policymakers, market operators, and investors reflects the real progress Nigeria is making. NGX Group remains committed to supporting reforms that strengthen market structures, drive innovation, and accelerate economic growth.”
While investors welcomed Nigeria’s reform agenda, they emphasized that sustained confidence will require consistent FX policies, lower transaction costs, reduced regulatory friction, clearer direction on non-oil revenue reforms, an improved ease of doing business, and continued transparency in monetary and fiscal communication.
The forum ended on an optimistic note, with participants expressing strong confidence in Nigeria’s economic prospects and its potential for deeper integration into global financial markets, provided reform momentum continues.
E-Financial
Union Bank Rewards Customers in Save and Win Promo with Motorcycles and Cash Prizes

Union Bank of Nigeria has rewarded another set of customers in the ongoing Save and Win Palli Promo 4 campaign. Six lucky customers each won a brand-new motorcycle, and 120 additional winners won cash prizes.
The third monthly hybrid live draws were transparently conducted at the Bank’s Sabo, Yaba Branch in Lagos under the supervision of relevant regulatory institutions.
For integrity purposes, some of the winners were contacted to congratulate and remind them that the Bank will never call to request or confirm their confidential banking details such as BVN, date of birth, pins, or passwords.
Save & Win Palli Promo 4 is a nationwide campaign designed to reward both new and existing customers with cash prizes and other exciting gifts worth N131,000,000.
This initiative aims to support them in achieving their savings goals while getting rewarded at the same time.
To stand a chance to win, customers can continue to top up their savings in multiples of N10,000 or more and perform a minimum of five transactions a month to increase their chances of winning in the draws. This promo is open to new and existing savings and current account holders.
Prospective customers can download the UnionMobile app on their smartphones to open accounts or walk into any Union Bank branch.
Returning customers can call the 24-hour Contact Centre on 07007007000 or visit any Union Bank branch nationwide to reactivate dormant accounts.
E-Financial
FCMB Group Redefines Corporate Storytelling with The Power Of The Group TVC

For decades, financial institutions have struggled to communicate the depth and breadth of their services in a single, coherent message.
FCMB Group’s latest TVC, The Power Of The Group, masterfully accomplishes this by placing its subsidiaries at the heart of the narrative.
The ad opens with a heated basketball game with a lone basketballer then pans out to the full force of the 5-woman team, subtly introducing the idea of collaboration. As the story unfolds, viewers are taken on a journey across Taraba, Abuja and Lagos States, each symbolising a key aspect of FCMB’s ecosystem.
The imagery of the drummers playing on Mambila Plateau reinforces the brand’s message: success is not achieved in isolation—it’s built through strategic partnerships.
From banking to consumer finance, investment management to investment banking, the TVC seamlessly weaves in elements from all arms of the FCMB Group, making it clear that power lies in collaborative innovative efforts.
The tagline ‘The Power Of The Group’ encapsulates the campaign’s essence, reinforcing the importance of unity in financial empowerment.
The production process was an extensive undertaking, requiring 4 months of production and a team of over 1,000 industry professionals.
The investment, said to run into hundreds of millions, underscores the bank’s commitment to delivering not just a commercial but a landmark campaign that defines its brand for years to come.
As the industry takes note, FCMB Group’s approach could redefine how corporate Nigeria tells its story.
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