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FCMB

FCMB’s Interest Expense Rises Faster Than Income – But Deposits Drop

Over N252.69 billion was recorded as gross earnings for the first quarter (Q1) of 2025 by First City Monument Bank (FCMB), indicating a 41.12 percent increase compared to the N179.05 billion generated in Q1 2024. According to FCMB’s consolidated and separate financial

June 12, 2025

Business·Top Stories

FCMB’s profit plunges by 21% after paying N17.67bn windfall tax

In 2024, First City Monument Bank (FCMB) grew its gross revenue to N794.43 billion, 53.85 percent higher than the N516.35 billion generated in 2023. FCMB, in its financial statements for the period ended December 31, 2024, also reported 75.15 per cent growth

April 29, 2025

Business·News

USAID, FCMB Partner To Expand Access For SMEs, Health Sector Financing In Nigeria

USAID has a partnership agreement with First City Monument Bank (FCMB) to facilitate access to financing of private enterprises and the health sector in Nigeria.

May 10, 2024

NGX stock market. Photo credit: TheCable

Business·Markets·News

Market Surge Propels Dangote Sugar, FCMB, UBA, Others As ASI Hits Record 77,000 Mark

The Nigerian stock market witnessed an electrifying surge, pushing the NGX All-Share Index to a historic high of 77,537.57 points, marking a 2.04% increase in a single trading session. Following yesterday’s crossing of the 75,000 milestone, this ascent saw equities gain N847

January 3, 2024

News

Otunba’s Death Diminishes Tribe Of True Nobility – Osinbajo

Vice President Prof. Yemi Osinbajo, SAN, has mourned the late founder of First City Monument Bank (FCMB), Otunba Subomi Balogun, who died Friday morning in London at the age of 89. According his spokesperson, Laolu Akande, Osinbajo described the late entrepreneur as

May 21, 2023

Business·Insights

Top Five Best Performing Nigerian Banks

Between January to December 2022, the Nigerian banking industry post double-digit growth of 26.92 per cent year-on-year, with the sector generating a combined N5.43 trillion in total revenue from 11 commercial banks. In the banking industry, there are 13 publicly listed commercial

May 10, 2023

GTCO, First Bank Fail To Make Top Five Performing Nigerian Bank Stocks In H1

Business·Insights

Why FCMB, GTBank, Access, Stanbic IBTC CEOs Seek HoldCo Structure, To Stay More

The Nigerian banking industry is in the season of transition from a core banking operation to a Holding Company (HoldCo) structure. Out of 15 commercial banks operating in Nigeria, at least seven lenders; Sterling Bank, Access Holding, FBN Holdings, FCMB Group, Guaranty

April 13, 2023

Business·Insights

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

The Nigerian banking sector exited the Naira scarcity period unblemished judging by the value of equity investment netted by their shareholders in the first quarter (Q1) of 2023. Prime Business Africa’s analysis of the stock market in the first three months of

April 11, 2023

Shareholders Remember Wigwe, Others At Access Holdings Annual General Meeting

Business

Access Bank Joins FCMB To Raise Funds In Face Of Insolvency Fears In Global Banking

Access Holdings Plc has invested $300 million in Access Bank in the face of insolvency fear in the global banking industry. In the circular released to investors and shareholders on Tuesday, via Nigerian Exchange Limited (NGX), Access Holdings said the $300 million

April 4, 2023

Business

FCMB Group Issues N20.69 billion Series 1 Perpetual 16% Fixed Rate Bond

FCMB Group Plc has successfully completed issuance of a N20,686,000,000 Perpetual 16% Fixed Rate Resettable NC5.25 Additional Tier I Capital Subordinated Bonds (“the Series I Bond” or “the AT1” or “the Instrument”) under its N300 billion Debt Issuance Programme. The Group’s AT1

March 17, 2023

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FCMB

FCMB’s Interest Expense Rises Faster Than Income – But Deposits Drop

FCMB’s profit plunges by 21% after paying N17.67bn windfall tax

USAID, FCMB Partner To Expand Access For SMEs, Health Sector Financing In Nigeria

Market Surge Propels Dangote Sugar, FCMB, UBA, Others As ASI Hits Record 77,000 Mark

Otunba’s Death Diminishes Tribe Of True Nobility – Osinbajo

Top Five Best Performing Nigerian Banks

Why FCMB, GTBank, Access, Stanbic IBTC CEOs Seek HoldCo Structure, To Stay More

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

Access Bank Joins FCMB To Raise Funds In Face Of Insolvency Fears In Global Banking

FCMB Group Issues N20.69 billion Series 1 Perpetual 16% Fixed Rate Bond

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Market Analysis: Nigeria’s Q2 Growth Numbers In View

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Naira Rises To N1,500/$ At Official Market

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Aero Contractors Airfares Refund Rises By 137% In Eight Months – NCAA

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