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GCR Assigns a Final Rating of BBB-(NG) to FCMB Group Plc’s NGN20.7Bn Additional Tier 1 Bonds; Outlook Stable
GCR Ratings (GCR) has assigned a final public national scale long-term Issue rating of BBB-(NG) to FCMB Group Plc’s NGN20.7Bn additional tier 1 subordinated...
EFCC Arraigns Bank Manager, Two Others For N55m Fraud In Makurdi
One of the suspects The EFCC, On Tuesday, March 21, 2023 arraigned one Kichime Gomwalk, a branch manager of First City Monument Bank,...
FCMB Group Announce Plans To Issue Up To N30bn Series I Additional Tier 1 Bond Under its N300bn Debt Issuance Programme
FCMB Group Plc (“FCMB Group”) has completed the registration of its N300 billion Debt Issuance Programme with the Securities and Exchange Commission (“the Commission”)...
Four Banks Lost N1.77bn To Fraud In 2021, Says Report
Four Nigerian deposit money banks lost a total of N1.77bn to fraudulent activities involving the banks’ employees and consumers in 2021. This was...
FCMB Picks Yemisi Edun As Acting MD/CEO
BY OUR REPORTERS--Following stepping aside of embattled Adam Nuhu, First City Monument Bank (FCMB) has named Yemisi Edun as the acting Managing Director/CEO....
FCMB Targets Palm Oil, Cocoa, Ginger, Others With New Agric Finance Facility
Foremost financial institution, First City Monument Bank (FCMB) has introduced an enhanced agro-commodity trade finance facility for agribusiness operators. According to the Bank,...
Fitch Affirms Nigeria’s FCMB at ‘B-‘; Outlook Stable
Ladi Balogun, Chief Executive Officer, First City Monument Bank December 10, 2018/Fitch Ratings Fitch Ratings has affirmed First City Monument Bank Limited’s (FCMB)...
FCMB Q2 2018 results – PBT Grew by 109% YoY to N3.8bn
July 27, 2018/FBNQuest Capital Event: FCMB Group reports Q2 2018 results Implications: FCMB’s Q2 PBT missed our forecast by 27% due to negative...
