First City Monument Bank (FCMB) has entered into a strategic partnership with Truecaller, the global trusted communication platform, to strengthen customer engagement and safeguard transactions against rising fraud and impersonation in Nigeria’s financial sector. Under the arrangement, FCMB will deploy Truecaller’s Customer Experience Solution and Branded Caller ID, ensuring that all calls from the bank […]
SBM Intelligence has released a new report analysing the financial health of Nigeria’s Tier-2 banks, showing resilience in the face of economic headwinds and a major regulatory shake-up. The report, “Capital, Competition, and Consolidation”, benchmarks the performance of mid-tier banks, such as FCMB, Fidelity, Stanbic IBTC, Sterling, and Wema, against the Central Bank of Nigeria’s (CBN) 2026 recapitalisation […]
BY TEMITOPE ADEBAYO First City Monument Bank (FCMB) has partnered with TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd (TEHC) to finance the flagship Louisville Phase 1 residential tower in Eko Atlantic City, Lagos, with a $40 million loan facility. The tower, comprising 157 high-end residential units including two- and three-bedroom apartments, four-bedroom maisonettes, and five-bedroom […]
BY KEHINDE AKINPELU In a landmark move to bolster electricity access for millions of Nigerians, the Rural Electrification Agency (REA) and First City Monument Bank (FCMB) at the bank’s head-quarters in Marina, Lagos, struck a strategic collaboration to provide a ₦100 billion loan facility targeted at accelerating private sector-led deployment of renewable energy solutions across […]
BY TEMITOPE ADEBAYO FCMB Capital Markets Ltd. successfully led the issuance of GLNG Funding SPV Plc’s ₦11.85 billion 10-Year Series 2 Senior Guaranteed Fixed Rate Infrastructure Bond, which closed in February. This milestone underscores investor confidence in Nigeria’s clean energy transition. The bond, issued by GLNG Funding SPV Plc and sponsored by Green Liquified Natural […]
BY TEMITOPE ADEBAYO A group, the Federal Nigeria Society for the Blind (FNSB) has commended First City Monument Bank (FCMB) for supporting the visually impaired community in Nigeria. Through financial donations and essential supplies, FCMB has strengthened programmes at FNSB, Pacelli School for the Blind, Bethesda Home for the Blind, and Farmcraft Centre for the […]
By Temitope Adebayo FCMB Group Plc recorded positive financial performance across key indicators with a 148 per cent growth in profit before tax of N38.2 billion from January to June this year, compared to N15.4 billion in the corresponding period of 2022. Highlights of the diversified Group’s unaudited six-month results released on the Nigerian Exchange […]
By Joy Obakeye Small and Medium Scale Enterprises (SMEs) can now quickly access from N5 million to N100 million to purchase equipment needed to grow and expand their businesses, from First City Monument Bank (FCMB) SME Asset Finance Facility. According to data provided by the lender, so far, over 25,800 SMEs have accessed this facility. […]
By Joy Obakeye First City Monument Bank (FCMB) has again uplifted and provided 30 recent graduates, aged 18 to 30, with the opportunity to acquire work experience through its annual Flexxtern internship programme. Outstanding participants get retained as full-time employees at the end of their three-month internship period. Initiated to provide unique opportunities for learning […]
By Temitope Adebayo FCMB Group Plc has recorded a 68.4 per cent year-on-year growth in profit before tax of N26.5 billion for the nine months ended September 30, 2022, compared to N15.7 billion in the corresponding period of 2021. The Group’s unaudited nine-month results released on the floor of the Nigerian Exchange Limited (NGX) last […]
Joy Obakeye 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 the world celebrates 2022 Customer Service Week themed, Celebrate Service. Between January and August 2022, about 95 per cent of customers that […]
The General Overseer of Divine Hand of God Prophetic Ministry, Prophet Emmanuel Omale, has dragged First City Monument Bank Plc (FCMB) to court for ₦5 billion, DAILY TIMES gathered. Omale, who claims to be the spiritual guide of the suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, said FCMB falsely […]
Women in Nigeria have been urged to play a more active and frontal role to stimulate the growth of businesses and overall development. In addition, they have been advised to pursue leadership roles in their communities and the corporate world so as to rise to the top echelon of decision making in order to champion […]
Fitch Ratings, a globally-renowned credit rating agency in a new report, has retained Stanbic IBTC Holdings PLC and its banking subsidiary, Stanbic IBTC Bank PLC, have retained their National Long-Term Ratings of AAA(nga) and F1+(nga). READ ALSO: Insurgency: Army takes delivery of sophisticated armaments from China The report also shows that Stanbic IBTC Bank PLC […]
Fidelity Bank Plc and United Bank for Africa (UBA) on Monday fixed April 29 and 30 respectively as the new date for their 2019 Annual General Meeting (AGM) by proxies due to the COVID-19 pandemic. FCMB Group recently notified its shareholders that its 2019 AGM on April 28 would be by proxy. However, UBA in […]
KPMG Nigeria has disclosed that Guaranty Trust Bank plc (GTBank) Plc, FCMB Plc have been rated best above others in the order of customer experience in 2019. The latest Nigeria Banking Industry Expectation Survey released by international auditing firm disclosed also Citibank Plc as one of the best banks in terms of customer experience in […]
Motolani Oseni The All-Share Index of the Nigerian Stock Exchange (NSE) on Thursday reached an all-time low of 27,864.49 due to selling pressure in Seplat, MTN Nigeria and 17 other equities. The equities market index lost 178.31 points or 0.64 per cent to close lower at 27,864.49 against 28,042.80 achieved the previous day. Similarly, the […]
Andrew Orolua – Abuja. Justice Mahmood Abdulgafar of Kwara State High Court, sitting in Ilorin, the state capital on Tuesday, July 16, 2019 ordered 41-year-old Hammed Folorunsho Lanre, a civil engineer to be remanded in Mandala Prison, Ilorin. The Economic and Financial Crimes Commission (EFCC), Ilorin Zonal Office has arraigned Lanre on a two-count charge, […]
An operative of Enugu State Police Command has shot and arrested a security official of First City Monument Bank (FCMB) in Nsuka, Enugu State, while carting away N3.655 million after breaking into an Automated Teller Machine (ATM) at the bank. The official, identified as Alumona Peter Nkem, an indigene of Abbi community in Uzo-Uwani Local […]
The First City Monument Bank, FCMB says, it is partnering with state Governments to ensure that youths in the country are assisted in their entrepreneurial skills where youths that are currently unemployed and had just finished school and have very brilliant business ideas will be supported by their various states. Addressing newsmen in Umuahia, on […]