Tag Archives: FCMB

Nigeria’s banking sector is entering the decisive stage of its most ambitious recapitalisation exercise in more than a decade, with lenders adopting sharply different strategies to meet new regulatory capital thresholds ahead of the March 31, 2026 deadline set by the Central Bank of Nigeria (CBN).

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FCMB Group Plc has extended its appreciation to key financial regulators and Nigerian Exchange Group (NGX Group) following the successful completion of the initial phase of its transformational capitalisation programme.

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FCMB Group Plc has announced its first-quarter 2024 financial results, with profit before tax rising 192.6% Year-on-Year to N31.3 billion compared to N10.7 billion in the same period in 2023.

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The Receiver appointed by both First City Monument Bank, FCMB, and First Bank of Nigeria Limited, FBN, Mr. Ade Oyebanji, a senior advocate of Nigeria (SAN) to manage the affairs of Algrain Foods Limited has made clarification justifying the disposal of the assets of the company.

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The founder of FCMB, Subomi Balogun, has died. He died in London Friday morning.

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FCMB Group Plc saw its market valuation decline by about 8% in the last seven trading sessions to N70.299 billion on Friday, according to data obtained from the Nigerian Exchange.

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The Economic and Financial Crimes Commission (EFCC), has arraigned one Kichime Gomwalk, a branch manager of First City Monument Bank (FCMB), Michael Damkas Buayam of Tan Global Energy Limited, and Abbas Andrew Dayilim of Castlegate International Limited, before Justice P. S. Gang of the Plateau State High Court Jos, on a five-count charge bordering on stealing, cheating and obtaining by false pretence to the tune of N55,000.000.00 (Fifty Five Million Naira) fraud.

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Barring any change in decision, First City Monument Bank (FCMB) Plc has announced that it will make public it's third quarter results in the year, on November 29, 2022.

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The FCMB Group Plc has reported impressive growth in earnings, revenue, deposits, loans and asset under management growth in its half year 2022, H1’22, financial results.

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More excitement for customers as First City Monument Bank (FCMB) announced Season 8 of its widely famous and successful annual retail campaign, Millionaire Promo.

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