… Shareholders Approves 10 kobo dividend … Group improves 2018 Q1 earnings What was supposed to be a peaceful meeting of members of the First City Monument Bank Holdings (FCMB Holdings) Plc, at its 5th annual general meeting on Friday 27th April 2018, resulted in a chaotic atmosphere, forcing the meeting to end abruptly. The […]
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Records N6.5 billion gross profit loss The Central Bank of Nigeria (CBN) has slammed a total sum of ₦28.3 million fines as sanction against First City Monument Bank (FCMB), Plc, over its late disclosure to the apex bank about the retirement of its former Group Managing Director, Mr. Ladi Balogun, among contraventions perpetrated by the […]
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As reactions continue to trail tough dividend rules recently introduced by the Central Bank of Nigeria (CBN), analysts at SBG Securities have said that seven lenders are not affected by the policy from a Capital Adequacy Ratio (CAR) perspective and using 9M 2017 unaudited figures. The analysts in a report obtained by correspondent, listed the […]
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Equities trading on the floor of the Nigerian Stock Exchange (NSE), yesterday, reversed its previous loss of 0.33 per cent as the All Share Index (ASI) was up by 0.51 per cent, on the back of gains recorded by FCMB and Skye Bank , to close at 43,119 points. At the close of trading, the […]
Read More FCMB Group Plc has completed the acquisition of an additional 60 percent equity stake in Legacy Pension Managers Limited (Legacy). The acquisition, which increases the holding company’s interest in the company from 28.2 percent to 88.2 percent, was concluded at the Completion Board Meeting of Legacy on yesterday in Abuja. The acquisition which follows the […]
Read More The FCMB Group has got new recognition in the banking space as the group steps up efforts to boost its services. Two of its subsidiaries, First City Monument Bank and First City Asset Management Limited, emerged as the “Most Improved Retail Bank in Nigeria” and the “Best Managed Fund in Equity”, respectively, at this year’s […]
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FCMB Group Plc, Diamond Bank Plc and FBN Holdings Plc (measured by volume) accounted for 659.042 million shares worth ₦1.312bn in 1,933 deals, thus emerging as the top three traded equities for last week. The three financial institutions contributed 44.14 per cent and 8.69 per cent to the total equity turnover volume and value, respectively, […]
Read More First City Monument Bank, FCMB, has organized the first in a series of free training programmes for small and medium business owners, in line with its resolve to support and nurture Small and Medium Enterprises, SMEs, in the country. The initiative, led by FCMB’s Training Academy and the bank’s SME Segment Managers, was attended by […]
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Organisers of the Sustainability, Enterprise and Responsibility Awards, otherwise known as The SERAS CSR Awards Africa has announced a list of 84 organizations that beat the deadline for the submission of entries for the 2017 edition. The list include Fidelity bank, GTbank, Diageo, Lafarge, Sahara Energy, Shell, Chevron, Tolaram group, 9Mobile, FCMB, FrieslandCampina, Multichoice, Access […]
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Pan-African banking outfit, United Bank for Africa (UBA) Plc, said it has made provisions on loans to 9mobile, the mobile operator formerly known as Etisalat Nigeria. The bank did not give details of the provision but said it had a ₦38 billion ($125 million) exposure to 9mobile. UBA said the exposure was secured. It can […]
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The Chief Executive of Nigeria’s Zenith Bank Plc, has said it has made a provision on 30% of its loan to 9mobile, the country’s fourth largest telecoms group formerly known as Etisalat Nigeria. The bank’s GMD, Mr. Peter Amagbo said: “We have taken about 30 percent … as a provision which we believe is very […]
Read More Deposit Money Banks (DMBs), yesterday announced the setting up of a projects review committee to oversee the disbursement of ₦26 billion equity funds for the Small and Medium Enterprises (SMEs) . Members of SMEs Projects Review Committee include the Managing Directors of GTBank, Zenith Bank, First Bank, UBA, Access Bank, FCMB, Unity Bank, CBN Director […]
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