30 results
- 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…
- 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…
- 5 Aug 2015
Name and Shame: FCMB, MRS Fight over N6.2Bn Debt
Central Bank of Nigeria (CBN)-initiated name and shame campaign of banks’ delinquent debtors gained further momentum on Wednesday as First City Monument Bank Limited and Ecobank Nigeria published…
- 18 Aug 2022
First Bank Appoints Iyamabo as Executive Director
First Bank of Nigeria Limited has announced the appointment of Mr. Patrick Iyamabo as an Executive Director. The appointment is subject to the approval of the Central Bank of Nigeria (CBN). In a…
- 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…
- 14 Nov 2023
Interswitch System Glitch: Court Orders Freezing of Accounts in 54 Banks
Justice Peter Lifu (JP) of a Federal High Court sitting in Lagos has granted an order freezing some accounts in about 54 financial institutions in the country where alleged funds from Interswitch…
- 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…
- 25 May 2026
NIBSS Blames System Glitch for Disappearance of N13.66Bn, Seeks Court Nod for Recovery
Nigeria Inter-Bank Settlement System Plc (NIBSS) has sued 19 commercial and microfinance banks, over N13.66 billion allegedly lost to unauthorized transfers following a major glitch on its payment…
- 1 Feb 2016
FCMB Upgrades Service Delivery with New Software
First City Monument Bank (FCMB) Limited has upgraded its service delivery platform by deploying the Finacle Core Banking solution version 10 to enhance world-class service excellence and customer…
- 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…
- 16 Aug 2018
MTN Nigeria Inks N200bn loan facility with 12 banks for Network Expansion
MTN Nigeria on Wednesday signed a seven-year N200 billion medium term facility with a consortium of twelve (12) local banks, with FBN Quest acting as facility agent. Ferdi Moolman, Chief…
- 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…
- 21 May 2015
Loan Dodgers Owe Banks N138Bn
Loan default by customers made 13 Deposit Money Banks to lose a combined sum of N138 billion in the 2014 financial year, according to calculations by the Punch Newspaper. Data obtained from the 2014…
- 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…
- 9 Feb 2020
Firms Slam N7Bn Suit on FCMB over Alleged Breach of Contract
Sunlek Investment Limited and Sunsteel Industries Limited, two limited liability companies, have slammed a N7billion suit on First City Monument Bank (FCMB) Plc over alleged breach of contract. In a…
- 25 Jun 2020
IFC Supports FCMB to Finance SMEs Facing COVID-19 Related Challenges
IFC, a member of the World Bank Group, today announced a $50 million loan to Nigeria’s First City Monument Bank (FCMB) Limited to help it expand lending to small and medium enterprises (SMEs) so they…
- 19 Nov 2013
Worries over Arrests of Top Bankers for Alleged Terrorist Financing
The banking industry and State Security Service (SSS) are embroiled in claims and denials over the continued detention of senior personnel of 13 Nigerian banks for alleged terrorist financing and…
- 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…
- 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…
- 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.…
- 5 Oct 2022
FCMB Celebrates Happy Customers, Peerless Service, Talents
By ensuring the right blend of technology and people, First City Monument Bank Limited (FCMB) is creating a feeling of happiness and satisfaction for its customers across all service touchpoints as…
- 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…
- 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…
- 15 Jun 2010
Banks Grant MTN N318 Billion Loan Facilities
MTN Nigeria, Nigeria’s leading telecommunications company has received fresh loan facilities to enable the company further expand its network across the country. A consortium of 15 Nigerian…
- 21 Nov 2013
Terrorist Financing: Banks Meet over Plan for Nationwide Shutdown
National Union of Banks, Insurance and Financial Institutions Employees (NUBIFE) said it will meet today to discuss the planned shut down operations nation wide in protest over the continued…
- 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…
- 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…
- 3 May 2017
CBN Expels 16 Banks from Forex Market
Central Bank of Nigeria (CBN) on Tuesday stopped 16 Deposit Money Banks from participating in the Small and Medium-scale Enterprises (SMEs)window of the foreign exchange market. Isaac Okorafor,…
- 20 Nov 2016
NNPC, Shell Sign MoUs with Nigerian Banks for $2.2Bn Contractor Financing Support
Shell Companies in Nigeria, supported by the Nigerian National Petroleum Corporation (NNPC) has signed Memoranda of Understanding (MoUs) with eight Nigerian banks under the refreshed Shell…
- 20 Nov 2016
NNPC, Shell Sign MoUs with Nigerian Banks for $2.2Bn Contractor Financing Support
Shell Companies in Nigeria, supported by the Nigerian National Petroleum Corporation (NNPC) has signed Memoranda of Understanding (MoUs) with eight Nigerian banks under the refreshed Shell…