News

REA partners FCMB to launch N100 Billion financing facility

DailyTimesNGR DailyTimesNGR 2 July 2025 0

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

Business

FCMB Capital Markets leads ₦11.85bn bond to boost clean energy drive

DailyTimesNGR DailyTimesNGR 3 May 2025 0

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

Business

FCMB earns commendation for supporting visually impaired community

DailyTimesNGR DailyTimesNGR 5 March 2025 0

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 […]

Business

FCMB Group posts N38.2bn profit in H1 2023

Ihesiulo Grace 1 August 2023 0

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 […]

Business

FCMB offers N100m to SMEs for asset financing

Ihesiulo Grace 18 June 2023 0

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. […]

Business

FCMB Flexxtern Season 6: 30 graduates get internship placements

Ihesiulo Grace 7 December 2022 0

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

Business

FCMB Group posts 68.4% profit growth in nine months

Ihesiulo Grace 4 December 2022 0

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 […]

Business

Customer Service Week: FCMB celebrates customers, peerless service

Ihesiulo Grace 4 October 2022 0

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 […]

News

Magu’s ‘spiritual father’ drags FCMB to court, demands ₦5bn

Ihesiulo Grace 5 September 2020 0

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 […]

Business

FCMB, others want women to play active role in stimulating growth of businesses

Ihesiulo Grace 11 July 2020 0

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 […]

News

Stanbic IBTC retains AAA, F1+ Fitch National Ratings

Ihesiulo Grace 9 April 2020 0

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 […]

Business

COVID-19: UBA, Fidelity Bank, FCMB announce 2019 AGM by proxies

Ihesiulo Grace 8 April 2020 0

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 […]

Business

GTBank, FCMB lead others as best banks in customer experience

Ihesiulo Grace 16 January 2020 0

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 […]

Business

Equities market indices down amid Seplat, MTN, 17 others losses

Ihesiulo Grace 19 July 2019 0

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 […]

Crime Law News

Fraudster lands in prison

Ihesiulo Grace 17 July 2019 0

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, […]

Crime Headlines

Police arrest FCMB security while robbing bank’s ATM

Ihesiulo Grace 3 July 2018 0

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 […]

Business

FCMB investing N1b in Abia youths – Executive Director

Ihesiulo Grace 18 March 2018 0

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 […]

Capital Market Headlines

FCMB’s declining FX income weakens Q3 earnings

Ihesiulo Grace 29 November 2017 0

Declining foreign exchange earnings which has been the basis of growing income by key deposit money banks, including FCMB Holdings Plc, has sustained a depressive trend weakening projected earnings as reflected in the group’s third quarter 2017 result recently released. The Holding company’s marked y/y growth in earnings in its third quarter result for the […]

Business Capital Market Capital Market

Equities Market kicks off week with 40 percent volume growth

Ihesiulo Grace 29 November 2016 0

The volume of shares traded on the Nigerian Stock Exchange (NSE) appreciated by 40.4 percent to settle at 202.4 million units, as the market opened the week with further price losses yesterday. The shares traded in 2,558 deals were valued at N1.616 billion compared to 144.2 million units valued at N2.143 billion and exchanged in […]

Capital Market Capital Market

FCMB grows profit 600 percent in Q3

Ihesiulo Grace 28 November 2016 0

FCMB Group has reported a profit after tax (PAT) of N12.98 billion for the nine month period ended 30 September 2016, representing an increase of 596 percent from N1.87 billion recorded in the corresponding period of 2015. The group which comprises First City Monument Bank (FCMB), FCMB Capital Markets, CSL Stockbrokers and CSL Trustees, attributed […]