30 results
- 31 Dec 2024
CBN, SEC Approve FCMB Group’s N147bn Rights Offer
In a move to meet the Central Bank of Nigeria (CBN) new capital requirement, FCMB Group Plc, yesterday announced that it has successfully completed its public offer and raised about N147.5 billion…
- 20 Apr 2025
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…
- 1 May 2024
FCMB Group Records 186% Profit Growth, Proposes 50k Dividend
For the year ended December 31, 2023, FCMB Group Plc grew deposits, loans, assets under management, revenue and earnings and improved its environmental, social, and corporate governance scorecard.…
- 9 May 2025
FCMB Group Posts ₦35bn Q1 Profit as Revenue Surpasses Forecast
FCMB Group Plc reported a profit before tax of ₦35 billion for the first quarter ended March 31, 2025. Gross revenue grew 41.1% year-on-year to ₦252.7 billion, surpassing its Q1 forecast of ₦226.9…
- 31 Jul 2025
FCMB Group Delivers Strong H1 2025 Results with ₦79.3bn Profit Before Tax
FCMB Group Plc posted an impressive ₦79.3 billion profit before tax for the first half of 2025, reflecting a 23% year-on-year increase, fueled by a significant surge in net interest income and…
- 29 Sept 2013
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…
- 7 Jan 2022
FCMB Partners Ogun on Mortgage Loans
FCMB Group Plc has said it is partnering with the Ogun State Government to provide affordable mortgage loans to subscribers of low-cost schemes. A statement said FCMB, the retail and commercial…
- 29 Jun 2020
FCMB Acquires 96% of AIICO Pensions
FCMB Group has notified the Nigerian Stock Exchange, NSE, that its pensions arm, FCMB Pensions Limited, has entered into an agreement to acquire 96% of AIICO Pensions Limited. A statement by FCMB…
- 28 May 2024
FCMB Shareholders Approve ₦150 billion capital Raise to Drive Future Growth Plans
FCMB Group Plc's shareholders, at the company's 11th Annual General Meeting (AGM), approved an increase in issued share capital from ₦9,901,355,390.50 to ₦19,802,710,781.00 and authorised a ₦150…
- 2 Mar 2021
Obaseki Steps Down from FCMB Board
FCMB Group Plc has announced the retirement of Peter Obaseki, a director, from its board. In a notification filed by the firm at the Nigerian Stock Exchange (NSE), it said the board had accepted…
- 7 Apr 2024
FCMB Asset Management Limited Webinar: Experts Highlight Actionable Strategies to Securing Comfortable Retirement Plan
FCMB Asset Management Limited, a member of the FCMB Group Plc, recently hosted an insightful webinar titled "Smart Retirement - Investing Ahead." The virtual event aimed to educate Nigerians on…
- 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…
- 4 Jan 2019
Legacy Pension Managers Now FCMB Pension
In line with its global brand and identity harmonization initiative, the FCMB Group Plc has announced a change of name in the pension management arm of its business. Formerly known as Legacy Pension…
- 8 Jul 2026
GCR Upgrades FCMB Asset Mgt Rating on Disciplined Liquidity, Consistent Earnings
FCMB Asset Management Limited (FCMBAM), the asset management arm of FCMB Group Plc, has received an upgrade to its national scale long-term and short-term issuer ratings of A(NG) and A1(NG), from…
- 5 Oct 2025
FCMB Unveils N160Bn Offer to Retain International Licence
FCMB Group Plc has launched a N160 billion public share sale to strengthen its banking subsidiary and meet the Central Bank of Nigeria (CBN’)s new N500 billion minimum capital requirements to keep…
- 7 Dec 2015
FCMB Explains Students’ Centre Donation to Pan-Atlantic University
Mr. Ladi Balogun, group managing director/chief executive, First City Monument Bank (FCMB) Limited, has explained that the decision of the Bank to donate a multi-purpose Students’ Centre to…
- 15 Jul 2024
FCMB Unit CEO Calls for Innovation and Resilience Amid Economic Challenges
At the BusinessDay CEO Forum, Chukwuma Nwanze, MD/CEO of Credit Direct Finance Company Limited (Credit Direct), FCMB Group's consumer finance arm, emphasized the critical role of innovation and…
- 6 May 2020
FCMB to Restructure Half Its Loans on Oil, COVID-19 Lockdown
FCMB Group Plc plans to restructure half of its loans after plunging oil prices, the coronavirus lockdown and a naira devaluation hindered the ability of the Nigerian bank’s clients to repay their…
- 28 Apr 2014
FCMB Appoints 2 New Non-Executive Directors
Board of Directors of FCMB Group Plc has announced the appointment of Professor Oluwatoyin Ashiru and Dr. (Engr) Gregory Omosigho Ero as Non-Executive Directors effective immediately. Professor…
- 13 Jul 2021
FCMB Appoints Yemisi Edun as Managing Director
The board of directors of FCMB Group Plc has appointed Yemisi Edun as the managing director of First City Monument Bank Limited. A statement on Tuesday said the announcement was subsequent to the end…
- 13 Jul 2013
FCMB Pledges Support for e-Business
The First City Monument (FCMB), a wholesale banking group with a niche retail banking franchise has pitched its tent behind e-commerce ventures in Nigeria. According to FCMB, an increasing concern…
- 15 Feb 2026
Nigeria's Banks Race to Meet CBN Recapitalisation Deadline Amid Verification Push
Nigeria’s banking sector is in the final stretch of its recapitalisation drive, with lenders intensifying capital actions ahead of the Central Bank of Nigeria’s (CBN) March 31 deadline. Proshare…
- 15 Jul 2016
Efina Boosts FCMB’s Financial Inclusion Project with $2m Grant
Enhancing Financial Innovation & Access (EFInA),a financial sector development organization has announced the release of an Innovation Grant in the sum of $2,000,000 (Two million US Dollars…
- 15 Dec 2020
FCMB Suspends N30Bn CP over Price Distortion
First City Monument Bank Limited, the flagship company in the FCMB Group Plc, has suspended its planned capital raiser of about N30 billion in short-term debt capital through the issuance of…
- 3 Dec 2021
FCMB to Empower Young Nigerians with Financial Literacy Training
First City Monument Bank (FCMB), has said that it has redoubled efforts to ensure young Nigerians are free from poverty. This time, the bank said it invested in another round of financial literacy…
- 10 Sept 2013
FCMB @ 30: Sets the Pace on Financial Inclusion
First City Monument Bank Limited (FCMB) recently embarked on series of activity to develop the mindset of wealth creation amongst the masses, by making account opening simple and accessible to all.…
- 7 Dec 2021
FCMB, Proparco Sign $35m Funding Deal for SMEs, Other Projects
First City Monument Bank (FCMB), has signed a $35 million loan and an EURIZ portfolio guarantee of N5 billion (EUR 10 million equivalent) deal with Proparco. The credit line will fund renewable…
- 30 Oct 2014
IFC partners FCMB Bank to Develop Smaller Businesses in Nigeria
IFC, a member of the World Bank Group, has announced an $87.5 million loan to Nigerian bank FCMB that will help fund infrastructure, green energy projects, and strengthen smaller businesses in the…
- 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…
- 2 Mar 2009
FCMB Deploys ATM for DStv Subscription Payment
DStv subscribers in Nigeria can now pay their subscription fees through FCMB’s automated teller machines (ATMs) across the country, as the bank has deployed a novel DStv bills payment solution.…