FCMB Banking Subsidiary Delays Group Third Quarter Result

FCMB Group Plc on Wednesday informed the investing public that due to the commencement of the interim audit of the company’s commercial banking subsidiary, First City Monument Bank Limited for the period ended September 30, 2018, the group third quarter result which due date is October 31, 2018, will not be ready. This was contained […]

Result Late Submission: FBN Holdings, FCMB, Wema Others To Pay N15.4 Million Fines

The Nigerian Stock Exchange (NSE), has sanctioned some banks along other listed companies on the exchange for failing to meet the deadline for the submission of their audited report and accounts for last year. The list of the affected listed companies indicated that FBN Holdings Plc – the holding company for First Bank of Nigeria […]

UPROAR AT FCMB AGM

FCMB’s Shareholders Disagreement Over Audit Committee Election, Gift Items Distraught AGM

…As Shareholders Approves 10 kobo Dividend …Improves 2018 First Quarter Earnings  Controversies on Friday trails the 5th Annual General Meeting of First City Monument Bank Plc as Shareholders sharp disagreement which lasted for 45 minutes over election into the Audit Committee of the bank and non-receipt of gift items brought the meeting to a halt. […]

Ladi Balogun

CBN Fines FCMB Plc N28.3 million Over Ladi Balogun’s Late Retirement Notice, Amongst Other contraventions

…As Gross Profit Depreciate By N6.5billion …To Pay 10 kobo Dividend The Central Bank of Nigeria (CBN) has penalised First City Monument Bank Plc over its late disclosure to the apex bank of the bank’s former Group Managing Director, Mr. Ladi Balogun retirement from its operations, just as the bank was fined for acting in […]

Ladi Balogun Managing Director of FCMB Holding Plc

Dwindling Foreign Exchange Income Affects FCMB Q3 Earnings

Earnings performance from FCMB Holding Plc from first quarter of 2017 to third quarter of 2017 has failed to impress shareholders as shown in the company result for the period ended September 30, 2017, which has been attributed to the decline in foreign exchange revaluation for the period under review. For instance gross earnings dropped […]