Tag Archives: FCMB

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 by 15.57 percent to N118.81 …

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FCMB Group Plc On Monday October 23, 2017 said it has entered into an agreement with other shareholders of Legacy Pension Managers Limited for the acquisition of an additional 60 percent stake in Legacy. According to a statement sent to the Nigerian Stock Exchange (NSE), the proposed acquisition will increase FCMB’s interest in Legacy to 88.2 percent, thus making Legacy …

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Nigerian Stock Exchange closed trading on a positive note Friday as all share index rose 1.66%. Market capitalization at the close of trading was N12,725,510,339,197.47. After trading today, All Share Index was 36,920.56 up 1.66%. Market capitalization closed at N12.7 trillion and volume of shares traded was 236,619,367.00 units in 3,803.00 deals. A value of N4,807,693,729.28 Stocks were traded on the floor. …

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A group of Nigerian banks has agreed to an extension of a $1.2 billion loan made to 9mobile, formerly Etisalat Nigeria, pending when the mobile operator’s finds new investors, FCMB bank said on Tuesday. Nigerian regulators stepped in last month to save Etisalat Nigeria from collapse and prevent lenders placing the country’s fourth biggest telecoms group into receivership, prompting a …

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First City Monument Bank (FCMB) Limited has introduced free banking transactions for a period of three months for its new customers operating in the SMEs segment. With this, the operators would enjoy banking services without charges. According to the bank, the offer was aimed at encouraging Nigerians to take active interest in entrepreneurship, while also assisting new and existing SMEs …

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FCMB reports N140.7bn gross earnings in Q3 Despite the hash economic realities in the domestic economy, First City Monument Bank (FCMB) Group Plc yesterday reported N140.7 billion in gross earnings for the third quarter ended September 2016, 29 per cent above N109.3 billion recorded in the same period prior year. The group non-interest income stood at N44.8 billion, for Q3 …

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  COPA Lagos Promotes Tourism with Beach Clean up Kinetic Sports, organisers of the prestigious annual beach tournament, COPA Lagos on Saturday November 19 mobilised Nigerians from all walks of life for a clean-up of Lagos coastal area of Elegushi Beach in Lekki. The exercise which has become a part of the yearly COPA Lagos calendar is aimed at conserving …

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Shareholders of Diamond Bank, FCMB, others lose N8.1bn over non-remittance of funds The Foreign Exchange (FOREX) restriction order placed on Diamond Bank Plc, First City Monument Bank Plc (FCMB) and others by the Central Bank of Nigeria (CBN) reverberated Wednesday on the floor of the Nigerian Stock Exchange (NSE). Two of the Banks, Heritage and Keystone Banks are not listed …

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