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FCMB

NGX Rebounds With N104bn Gain, RT Briscoe, Fortis Global Lead Recovery

NGX Gains N827bn, Eterna, FCMB Make Gainers’ List

August 6, 2026

The Nigerian stock market rebounded with a N827.29 billion gain on Thursday, as the bourse’s market capitalisation increased to N158.27 trillion. Nigerian Exchange’s (NGX) market capitalisation increased from the N157.45 trillion recorded

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

Business News·Top Stories

Nigerian Bourse Loses N564bn, Traders Reduce Transactions To N21bn

August 5, 2026

On Wednesday, the Nigerian stock market declined by N564.90 billion to N157.45 trillion, falling below the N158.01 trillion recorded on Tuesday. The decline was on the back of the all-share index (ASI)

Business News·Top Stories

NGX Records N57bn Deals, Access Holdings, FCMB Lead Trading Activities

July 27, 2026

On Monday, the Nigerian Exchange (NGX) recorded a N32.91 billion decline in the bourse’s market capitalisation, after the all-share index (ASI) contracted by 51.02 basis points. The market capitalisation of the Nigerian

FCMB Borrows N20.68bn To Protect Against Insolvency After Silicon Valley Bank Collapse

Business News·Top Stories

FCMB Earnings Rose To N252bn In Q1 2026, Profit Up Over 100%

June 26, 2026

The gross earnings of First City Monument Bank (FCMB) Group Plc increased by 26.72 percent to N320,21 billion in the first quarter (Q1) of 2026, surpassing the N252.69 billion generated in the

FCMB Pensions Reports N8.89bn Revenue But 34% Increase In Tax Payment Impacts Profit

Business News·Top Stories

FCMB Joins Trillion-Naira Club As Gross Earnings Increase By 42%

June 18, 2026

First City Monument Bank (FCMB) has entered Nigeria’s trillion-naira revenue club after gross earnings jumped 42.5% to N1.13 trillion in 2025, driven by a 61.7% spike in interest income to over N1

International Energy Insurance, Zichis Agro Among Losers As NGX Loses N440bn

Business News·Top Stories

Nigerian Stock Market Cap Sheds N844bn As NGX Transactions Plummet

June 15, 2026

The Nigerian Exchange (NGX) said over N844.30 billion was wiped off the stock market on Monday, as the market capitalisation of the bourse declined to N156.12 trillion. On Thursday, the market capitalisation

Business News·Top Stories

NGX Market Cap Closes At N156trn, Stock Traders Gain N714bn Within Eight Hours

June 8, 2026

At the end of trading on Monday, the market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, increased to N156.30 trillion. The market capitalisation had closed trading on

Business News·FEATURES·Top Stories

Nigerian Stock Market Closes With N1.66trn Gain, Ecobank, Aradel Among Gainers

April 16, 2026

The Nigerian stock market closed with N1.66 trillion gain on Thursday, April 16, after the market capitalisation increased to N136.43 trillion. On Wednesday, April 15, the market capitalisation closed at N134.77 trillion.

Business News·Top Stories

NGX Rebounds With N683bn Gain As Market Cap Settles At N122.23trn

February 18, 2026

The Nigerian Exchange (NGX) recovered from the slump recorded on Tuesday, February 17, with a N683.62 billion gain as the market capitalisation closed at N122.23 trillion on Wednesday, February 18. During trading

Business News·Top Stories

Five Best-Performing Banks In Q3 2025 — By Profit Growth

December 19, 2025

Sterling Financial Holdings Company, First City Monument Bank (FCMB), Stanbic IBTC, Wema Bank and Ecobank are the top five best-performing banks in Nigeria by pretax profit growth in the third quarter (Q3)

Business News·Top Stories

FCMB Posts N828.12bn Revenue, Records 52.25% Increase In Profit

December 10, 2025

In the first nine months of 2025, FCMB generated N828.12 billion in gross earnings, exceeding the N587.77 billion recorded in the corresponding period in 2024, representing a 40.89 percent increase. FCMB announced

Business News·Top Stories

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

June 12, 2025

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

Business News·Top Stories

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

April 29, 2025

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

Business News·News

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

May 10, 2024

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.

NGX stock market. Photo credit: TheCable

Business News·Markets·News

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

January 3, 2024

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

News

Otunba’s Death Diminishes Tribe Of True Nobility – Osinbajo

May 21, 2023

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

Business News·Insights

Top Five Best Performing Nigerian Banks

May 10, 2023

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.

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

Business News·Insights

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

April 13, 2023

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

Business News·Insights

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

April 11, 2023

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

Shareholders Remember Wigwe, Others At Access Holdings Annual General Meeting

Business News

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

April 4, 2023

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

Business News

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

March 17, 2023

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”)

Business News·Markets

Investors Trade N8 billion Nigerian Stocks In Five Days, As FCMB Record Bad Week

September 18, 2022

Investors parted with N8.004 billion to trade over 719.398 million shares in 17,444 deals, in contrast to the 949.819 million shares that exchanged hands in 18,525 deals, valued at N9.329 billion, during

Business News·Markets

Over N90 billion Made By Nigerian Stock Investors, Amid Gains In FCMB, Stanbic IBTC

September 2, 2022

Investors pocket over N90 billion following 0.3% appreciation in market capitalisation, which rose from N26.90 trillion to N26.99 trillion. The All-Share Index jumped to 50,045.83 ASI after gaining 156.03 basis points, having

Entrepreneurship·Agro-Economy·News

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