In a bid to foster innovation and sustainability in agriculture, First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development Bank (FMO) have announced the launch of the FCMB–FMO AgriTech Investment Readiness Programme 2025. This initiative aspires to identify, support, and finance Nigeria’s most promising agritech startups and Small- to Medium-sized Enterprises (SMEs). In collaboration…
The Nigerian Communications Commission (NCC) has revealed that Fidelity Bank, United Bank for Africa (UBA), and First City Monument Bank (FCMB) are among the banks owing telecommunications companies over Unstructured Supplementary Service Data (USSD) codes assigned to them. According to the NCC, the affected banks must settle their outstanding obligations by January 27, 2025,…
First City Monument Bank (FCMB) Executive Management, led by the Managing Director, Mrs Yemisi Edun, engaged customers directly last week, during the 2024 celebration of customer service week, listening to their concerns and feedback. This frontline approach is the culture at FCMB and it affirms the bank’s commitment to exceptional customer service. Executive Director, Risk Management, First City…
FCMB Group Plc, a leading financial services holding company in Nigeria’s financial sector, held a Facts Behind the Offer (FBO) session recently at the Nigerian Exchange (NGX) as part of its recapitalization drive aimed at raising ₦110.9 billion. The session highlighted the Group’s robust financial performance and underscored why it presents a compelling investment opportunity….
FCMB Manager has been jailed for 121 years over N112m fraud. Truetells Nigeriareports that Nwachukwu Placidus, a former bank manager at FCMB, Onitsha branch has been sentenced to 121 years in prison for embezzling N112 million from a customer’s fixed deposit account. This comes after he diverted fixed deposit funds totalling N112,100,000 (One Hundred…
GCR Ratings (GCR) has extended the ‘Rating Watch Negative’ outlook on FCMB Asset Management Limited’s national scale ratings. The ratings firm said in its latest note that the long-term and short-term ratings of A-(NG) and A2 (NG) respectively, were affirmed. According to GCR, the ‘Rating Watch Negative’ outlook is solely on account of the relatively…
First City Monument Bank (FCMB) has reaffirmed its commitment to sustainable manufacturing that minimizes negative environmental impact while conserving energy and natural resources. This was demonstrated by the newly inaugurated dried fruit manufacturing plant of Nature’s Bounty Health Products Limited in Abeokuta, Ogun State. Financed by FCMB, the 800-metric-ton manufacturing plant affirms Nature’s Bounty’s commitment to large-scale production…
How FCMB Bank Deposited N540M Into Chief Registrar’s Account Inorder To Prevent Contempt Proceeding Against MD, Yemi Edun The FCMC has deposited sum of N540 million into the account of Chief Registrar’s account. The amount, we gathered was awarded to Prophet Omale accused of laundering money for ex EFCC chair, Ibrahim Magu for Defamation,…
First City monument Bank (FCMB) Group Plc., has announced a 108% Year-on-Year (YoY) growth in profit before tax (PBT) to N55.1 billion for the nine months ended September 30, 2023, compared to N26.5 billion in the corresponding period of 2022. The Group’s strong financial performance can be attributed to the collective strength of its diverse…
FCMB Group Plc has announced the completion of a N26 billion bond issuance, a significant move in the Nigerian financial market. This Series 2 Bond, part of the Group’s larger N300 billion Debt Issuance Programme, is named the Perpetual 16% Fixed Rate Resettable NC5.25 Additional Tier I Subordinated Bonds. According to FCMB, the issuance witnessed…
