Capital Market Top Stories

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

Business 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

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 […]

Business

FCMB Restates Commitment to Deepen Capacity, Tasks the Media on Creative Thinking

Ihesiulo Grace 18 October 2016 0

Journalists in Nigeria must adopt creative thinking and innovative skills in order to meet the demands of today’s fast-pace age to effectively discharge their responsibilities. They have been urged to always ensure due diligence and uphold the ethics of the media profession in line with global best practices. These are on account of the importance […]

Crime News

Bloody Lekki Bank Robbery

Ihesiulo Grace 14 May 2015 0

Police nab perpetrators in three states Four of the 22 man robbery gang responsible for the bloody First City Monument Bank (FCMB) robbery which left three policemen and two civilians dead on March 12, 2015 have been arrested by officers of the Lagos State Police Comm and. The suspects identified as Duke Odogbo (38); the […]

Banking

Why FCMB’s Corporate Identity Was Changed – CEO

Ihesiulo Grace 29 April 2015 0

… Posts 38% profit increase     The Group Managing Director/Chief Executive, First City Monument Bank (FCMB) Limited, Mr. Ladi Balogun has explained that the rebranding of the bank’s corporate identify was to project the vibrant state of the company. Balogun made the clarification while speaking with Journalist at FCMB’s 2nd Annual General Meeting in […]