30 results
- 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 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…
- 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…
- 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 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…
- 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…
- 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…
- 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…
- 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…
- 12 Jul 2022
Nigerian Banks Spend N6.9Bn on Welfare Package for MDs/CEOs
Nigerian banks, to keep their directors, and chief executives happy, spent over N6.96 billion on sitting allowance and compensation in 2021, according to ripplesnigeria. This is a 3.32 per cent…
- 10 Oct 2016
7 Nigerian Banks in Deep Financial Crisis – Report
Seven Nigerian banks are undercapitalised to the tune of N1trillion ($3.2billion), according to a stress test conducted by Arqaam Capital, a Dubai-based international investment bank. According to…
- 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…
- 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…
- 20 Jun 2022
Investors Worry about Banks’ N814Bn Non-Performing Loans
Investors at the weekend, urged government to stimulate economic activities, particularly, in ensuring security and facilitating the movement of agricultural produce as well as the seamless export of…
- 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…
- 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…
- 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…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 7 May 2013
FCMB Contact Centre Speaks Many Languages
FCMB Plc, Nigeria’s financial powerhouse and Flagship Company of the First City Group is now working longer hours and is serving its customers in a multilingual capacity. With emphasis on better…
- 27 Apr 2022
Banks Groan as CBN Seizes over N7Trillionn of Deposits
Central Bank of Nigeria (CBN) has removed a whopping N7.02 trillion of customer deposits from banks’ accounts and kept it in its vault. Banks use the money in deposit accounts to make loans to other…
- 28 Dec 2012
FCMB Bags Card Issuance Award
First City Monument Bank Plc (FCMB) said it has been honoured as the ‘Best Bank in Pre-paid Card Issuance for 2012,” at the annual Verve Bank Awards organised by Interswitch Nigeria Limited in Lagos…
- 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…
- 15 Jun 2016
Providus Bank Gets Commercial Banking Licence from CBN
Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN), according to information on the apex bank’s website on Tuesday.…
- 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…
- 30 Apr 2020
Virus, Oil Collapse Shake Foundations of Banks
Nigerian banks have more to worry about than the coronavirus: Cratering oil prices and the threat of another naira devaluation are emerging as the biggest risks to how many lenders will emerge…
- 24 Mar 2013
FCMB Joins the World to Observe Earth
First City Monument Bank (FCMB) Plc in collaboration with World Wildlife Fund (WWF) on Saturday March 23, joined millions of people, 4,000 cities, heritage sites, royal palaces, schools, cafes and…