The Oyo State Government has partnered the First City Monument Bank (FCMB) on a N1.5 billion loan scheme for youth entrepreneurs in agribusiness. The state’s Commissioner for Agriculture, Mr Olasunkanmi Olaleye, disclosed this while briefing journalists on the outcome of…
FCMB Asset Management is set to raise about N100 billion (~$63 million) over the next one year as it pioneers Nigeria’s first private credit fund. The fund which is in the process of raising the first tranche of N10 billion…
FCMB Group has commenced its public offer of N110 billion at N7.30 kobo per share to meet the capital requirements placed on banks by the Central Bank of Nigeria (CBN). FCMB Group is issuing 15,197,282,219 ordinary shares of 50 kobo…
FCMB Group recorded a profit before tax of N64.2 billion in the first half of 2024, marking a 68 percent year-on-year growth from the N38.2 billion posted in the corresponding period of 2023. The parent group of First City Monument…
By Esther Agbo First City Monument Bank (FCMB) has introduced a new initiative aimed at reducing gender inequality in Nigeria’s business sector by offering zero-interest loans to female entrepreneurs. The initiative, known as the SheVentures programme, provides interest-free loans of…
By Esther Agbo First City Monument Bank (FCMB) has partnered with the Rotary Club of Lagos, District 9112, to empower over 200 widows through micro-credit and skills acquisition programs. This initiative highlights FCMB’s dedication to promoting women’s empowerment and financial…
The Management of First City Monument Bank (FCMB) has disclosed plans to raise N150 billion between now and September 2024. The Chief Executive Officer (CEO) of FCMB Group Plc, Ladi Balogun, stated this on the sidelines of the company’s Annual…
First City Monument Bank (FCMB) is targeting one million small and medium-sized enterprises (SMEs) in its recently launched accelerator programme. The programme which is being executed in partnership with SkillPaddy and other industry experts aims to equip startups and existing…
The review of the indexes done by the Nigerian Exchange Limited has seen some banking stocks, such as FBN Holdings, Guaranty Trust Holding Company Plc, FCMB Group, and Stanbic IBTC Holdings Plc, added to the Banking Index. In a corporate…
The digital platforms of the First City Monument Bank (FCMB) on Monday broke down as many customers who wanted to perform online transactions couldn’t do so as at the time of filing in this report. Speaking with journalists, some of…
