30 results
- 26 Aug 2013
Balogun, FCMB Boss Bags CIBN Fellowship
Chartered Institute of Bankers of Nigeria (CIBN) has as part of activities marking its 50th anniversary, conferred the fellowship of the institute, on Mr. Ladi Balogun, group managing director/chief…
- 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…
- 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 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…
- 12 Nov 2013
Marginal Field Operators Warn of Crude Oil Production Crash
Crude theft may wreck the marginal field operation in Nigeria’s multi-billion dollars oil and gas industry if nothing urgent is done, operators of the marginal fields cried out on Monday. 18 of the…
- 16 Feb 2015
CBN Renews Hope on Funding of Legitimate Forex Demand
Central Bank of Nigeria (CBN) has reassured stakeholders in the foreign exchange market that it will continue to fund legitimate demand for foreign currencies at its official window. The apex bank…
- 27 Sept 2015
Etisalat, Webmall Partner for Connect Commerce Conference
Nigeria’s most innovative telecommunications operator, Etisalat is partnering with Virtual Retail outlet, Webmall, to host a conference on commerce dubbed ‘ConCon 2015’. The Connect Commerce…
- 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…
- 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…
- 4 Feb 2017
FCMB Raises N5.1 Bn via Bonds
FCMB has sold N5.1 billion ($16 million) of bonds, less than it originally planned to raise, at an interest rate coupon of 17.25 percent, its advisers said yesterday. The seven-year bond was issued…
- 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…
- 11 Oct 2013
MainOne, 4 Banks Sign $100m Facility Agreement
MainOne, one of West Africa’s leading telecommunications services companies, has signed a $100 million financing facility agreement with Standard Chartered Bank, FirstBank, Skye and FCMB Bank. The…
- 18 Jun 2014
CBN Opens Black Book for Bad Debtors
Central Bank of Nigeria (CBN) has opened a black book for serial defaulters in a new zero tolerance regime against bad debtors in the nation’s financial system. The apex bank is to also publish names…
- 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…
- 24 Dec 2014
CBN Signs MoU with DMBs to Boost Power Supply
Central Bank of Nigeria (CBN) has signed another agreement with the Deposit Money Banks (DMBs) in the country to boost power supply in the country. Leading the signing of the agreement on Monday, in…
- 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…
- 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…
- 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.…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 24 Feb 2022
FCMB Unveils Mortgage Loans for Customers
First City Monument Bank has announced mortgage loans for Nigerians who want to own their homes. According to a statement, the bank is offering Nigerians mortgage loans of up to N75m, and anyone can…
- 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…
- 30 Oct 2017
OAU Undergraduate, Adeola Wins Data Science Nigeria Bootcamp Hackathon
By peter oluka Adeola Balogun, a young female 400-level Computer Science undergraduate from the Obafemi Awolowo University, Ile Ife, has won the Data Science Nigeria (DSN) bootcamp hackathon. The…
- 2 May 2024
Kaduna, Google Launch First AI Training in Hausa Language
Kaduna State Government, in partnership with Google and Data Science Nigeria (DSN), introduced the inaugural “AI for Beginners in Hausa,” marking the first instance of artificial intelligence (AI)…
- 13 Sept 2014
Nigerian Hackers Break into Bank System, Steal N6Bn
A group of criminals aided by an insider gained access to a bank’s computers, stealing a jaw-dropping sum. How did they do it? According to Weekly Trust, Godswill Oyegwa Uyoyou worked in the…
- 12 Dec 2014
Microsoft Lumia ‘Make It Happen’ Promo Delights Customers
In a bid to making this yuletide season a memorable one for its ever growing loyal customers, Microsoft Mobile Devices has made good its promise of rewarding customers who emerged winners in its in…