30 results
- 9 Jul 2021
Cities & Villages Development Bank Partner ICSFS to Become a Cloud-first Bank
Cities and Villages Development Bank (CVDB), a publicly owned bank that finances Jordanian municipalities for the development of their infrastructure, has selected ICS BANKS Universal Banking…
- 8 Oct 2021
Citi Bank Launches New Report on Holistic Digital Policy
Citi bank has launched its latest Global Perspectives & Solutions (Citi GPS) report titled, “Holistc Digital,” in its bid to assist policy makers on the process of moving to a more digital…
- 25 Jul 2017
9mobile Asks Citi, Standard Bank to Shop for Investors
9mobile, the mobile operator formerly known as Etisalat Nigeria, has appointed Citigroup and Standard Bank to find an investor to buy into the firm and three companies have shown interest, a banking…
- 28 Dec 2021
CVDB Goes Live on ICS BANKS Universal Banking Solution from ICSFS
Cities and Villages Development Bank (CVDB) has gone live in a record time of five months, on ICS BANKS Universal Banking software solution from ICS Financial Systems (ICSFS); the global software and…
- 7 Apr 2021
Mobile Money: MTN Expands Cardless Cash Withdrawal Service to 44 Financial Institutions
Following the recent USSD drama, Y’ello Digital Financial Services (YDFS) has announced the expansion of its MoMo Agent cardless cash withdrawal service to over 40 banks and other financial…
- 21 Feb 2017
FCMB Appoints Adamu Nuru New MD
The board of First City Monument Bank (FCMB) Group has announced the appointment of Adamu Nuru as the Managing Director of the commercial banking arm First City Monument Bank Limited. According to a…
- 7 Sept 2021
FCMB Emerges Best SME Bank in Africa
First City Monument Bank (FCMB) has emerged as Best SME Bank in Africa and Best SME Bank in Nigeria at the Asian Banker Middle East and Africa Regional Awards on the 27th of August 2021. The SME…
- 17 Jan 2018
Court Adjourns Hearing of BVN Suit to March 1
The Federal Government on Tuesday requested for an adjournment over suit challenging its forfeiture order it secured from a Federal High Court in Abuja, to take over of monies not linked to Bank…
- 21 May 2013
FCMB, Skye Bank CEOs, Others Face Arrest over N83Bn Tax Remittance
House of Representatives has threatened to arrest 10 bank chief executive officers over their failure to attend its investigative hearing on tax remittance on Monday. The bank chiefs are: First City…
- 24 Jul 2017
iMAL Energes ‘Best Sharia-Compliant Banking Solution’ at The Systems in the City Awards
Path Solutions, a leading provider of Islamic banking software solutions and services has received the ‘Best Sharia-Compliant Solution’ award at The Systems in the City Awards 2017. After securing…
- 1 Dec 2025
FCMB Wins CIBN Best SME Focused Bank Award 2025
First City Monument Bank (FCMB) has been named Nigeria’s Best SME Focused Bank for 2025 by the Chartered Institute of Bankers of Nigeria (CIBN). FCMB The award was presented at the 60th Annual…
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 15 Jan 2020
KSIRS Seals FCMB, Keystone Banks over N294.85m Taxes
Kaduna State Internal Revenue Service (KSIRS) has sealed off the First City Monument Bank (FCMB) and Keystone Bank in Kaduna metropolitan’s over unpaid tax liabilities and PAYE. The agency sealed two…
- 23 May 2013
Bank Chiefs Appear before Reps over N83Bn Tax Remittance
The bank chief executive officer that were threatened with arrests on Monday for failing to appear before the House of Representatives Committee on Finance investigative hearing on tax remittance…
- 16 Jun 2022
FCMB Provides 300,000 Underbanked Nigerians with Microloans worth N40bn
First City Monument Bank (FCMB), through EasyAgents, its agency banking network and other channels, has successfully onboarded and empowered one million financially excluded Nigerians, ensuring they…
- 21 May 2013
Etisalat Signs $1.2Bn Financing with Nigerian Banks
Etisalat Nigeria has signed a US$1.2 billion medium term syndicated loan facility with consortium of Nigerian Banks. The company plans to use the proceeds to refinance the existing commercial medium…
- 9 Mar 2021
Firm Asks Court to Freeze SAP Accounts over Alleged Contract Breach
B4G Consulting Ltd has asked a Lagos State High Court to restrain Systems Applications Products (SAP) from dissipating $3,371,945.27 and N5mllion with 28 Respondents including the Central Bank of…
- 6 Nov 2008
Nigeria Banks Spend $86m on Foreign Software
Nigerian banks have spent $86 million on core banking solutions in their quest to implement and maintain cutting-edge applications that serve financial needs, Nigerian CommunicationsWeek…
- 6 Feb 2024
FCMB Launches Accelerator Programme to Empower One Million SMEs
First City Monument Bank (FCMB) has launched an accelerator programme to upskill and grow over one million small and medium-sized enterprises (SMEs) in Nigeria. Partnering with SkillPaddy and other…
- 21 Apr 2022
SON Affirms FCMB Offerings as Meeting Customer, Regulatory Requirements
The Standards Organisationof Nigeria (SON) has again validated the capacity of First City Monument Bank (FCMB) to provide best-in-class products and services that always meet consumer and regulatory…
- 23 Aug 2022
SheVentures Offers N5m Interest-free Loans to Women Entrepreneurs
SheVentures, the unique proposition in support of the Nigerian woman in business, powered by First City Monument Bank (FCMB), has resumed the disbursement of 90-day zero-interest loans of up to N5m…
- 5 Jul 2020
Reps to Grill Banks, Others over $30Bn Forex Racketeering
House of Representatives has summoned 24 banks and 14 oil companies over an alleged forex racketeering leading to an annual loss of over $30bn as revenue. The Joint House of Representatives Committee…
- 4 Nov 2023
First Bank Confirms N68m of a Customer Reportedly Disappeared from Vault
First Bank Nigeria Plc have confirmed allegation that N68 million was illegally and fraudulently withdrawn from the account of a customer who banks with the bank’s branch at Ring Road, Benin City.…
- 14 Apr 2009
MTN Provides Wide Area Network Solution to CBN, FCMB
Nigeria’s telecommunications operator, MTN, has signed a deal with Central Bank of Nigeria (CBN) and First City Monument Bank plc (FCMB) for the provision of Wide Area Network (WAN) solutions,…
- 3 Sept 2020
KPMG Decries Poor Digital Capabilities of Nigerian Banks
A recent study on the digital capabilities of the Nigeria banking industry carried out by KPMG Nigeria has revealed that most of the banks in the country lacked the ability to onboard a customer with…
- 19 May 2019
MTN Nigeria Signs 7yr N200Bn Medium Term Loan
MTN Nigeria Communications Plc has signed a 7-year N200 billion Medium Term Facility with a consortium of seven banks to fund emerging businesses in Nigeria. Ferdi Moolman, chief executive…
- 17 May 2019
MTN Secures N200bn Medium Term Loan, Aims to Expand Infrastructure
MTN Nigeria Communications Plc has signed a 7-year N200 billion Medium Term Facility with a consortium of seven (7) banks aimed to help fund its 4G and other infrastructural projects across the…
- 9 Sept 2013
FCMB Explains CBN policies, Products & Services @ Nationwide Customers Meet
First City Monument Bank (FCMB) has commenced a nationwide customer forum to educate her customers on the recent cashless policies of CBN; and solicit suggestions aimed at improving the Bank’s…
- 9 Jan 2014
FCMB Signs $150m Syndicated Term Loan Facility
Commerzbank Aktiengesellschaft and Standard Chartered Bank, acting as Initial mandated lead arrangers and book-runners, have disclosed the successful signing of a $150 million Senior Unsecured Term…
- 14 Dec 2022
FCMB Provides Quick Response Payment Platform to Merchants
First City Monument Bank (FCMB) has launched a contactless, cardless, and cashless Quick Response (QR) code to boost instant payments for goods and services. The Bank introduced the payment solution…