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Latest News
FCMB Group Seeks Shareholders Permission to Raise Additional N150 Billion in Capital
The FCMB Group recently announced its intention to ask shareholders for permission to raise an additional N150 billion in capital.This was stated in the notice of this Wednesday's annual general meeti...
FCMB Group Plc Recorded 108% Year-On-Year in Profit Before Tax
FCMB Group Plc recently announced a 108% year-on-year (YoY) growth in profit before tax (PBT), which accounted for N55.1 billion for the first nine months, which ended September 30, 2023, when compare...
Nigerian Banks Record N192bn From Digital Transactions
As Nigerian banks continue to endorse digitalization, there has been a shift in revenue. In the first half of 2023, the total revenue generated from electronic transactions was N192.010 billion. These...
FCMB Grants Qualified SMEs 5 Million to 100 Million Loans to Fund Their Businesses
First City Monument Bank (FCMB) is now providing Small and Medium Scale Enterprises (SMEs) with access to N5 million to N100 million loans to finance the purchase of equipment required to build and ex...
Otunba Subomi Balogun, Founder of FCMB, Passes Away in London
The Nigerian business community mourns the loss of a visionary leader as news spreads of the passing of Otunba Michael Olasubomi Balogun, the esteemed founder of First City Monument Bank (FCMB). Accor...