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FCMB
Finance

FCMB Converts ₦23bn Loan to Equity, Lists 3.16bn Shares on NGX

First City Monument Bank (FCMB) has strengthened its capital base with the conversion of a ₦23.11 billion mandatory convertible loan, including accrued interest,...

FCMB
Featured

FCMB Account Linking with NIN & BVN – Step-by-Step Guide

FCMB (First City Monument Bank) has recently issued an essential security notification to its customers, urging them to link their National Identification Number...

Otunba Michael Olasubomi Balogun
News

Founder of FCMB, Otunba Michael Olasubomi Balogun, Dies at 89

Renowned Nigerian entrepreneur and founder of First City Monument Bank (FCMB), Otunba Michael Olasubomi Balogun, has passed away at the age of 89....

Finance

Crypto ban: CBN penalises banks for flouting directive

The Central Bank of Nigeria (CBN) has imposed sanctions on six banks for violating its directive of barring customers from transacting in cryptocurrencies. Okay.ng...

Yemisi Edun
Finance

FCMB board appoints Yemisi Edun to replace Adamu Nuru as managing director

The board of directors of FCMB Group Plc has appointed Yemisi Edun as the managing director of First City Monument Bank Limited. A...

FCMB
Featured

FCMB’s priceless gift of sight: over 300,000 Nigerians with eye defects benefit

First City Monument Bank (www.fcmb.com), in partnership with Tulsi Chanrai Foundation (TCF) of India, has so far carried out free eye surgeries, correctional testing services and...

Finance

FCMB announces Yemisi Edun as acting MD

First City Monument Bank (FCMB) has announced Yemisi Edun as Acting Managing Director. This was announced in a statement issued by the bank...

Adam Nuru
Opinion

Opinion: My Bank, My Wife and The New Social Order by Joseph Edgar

Let me first out myself. I am a former Employee of FCMB. I worked there for a bit in the securities trading arm,...

FCMB
Finance

FCMB: Braving the odds to deliver value

Owing to the rising default in loan repayment forced by the Covid-19 pandemic and the declining economy that affected borrowers’ revenue inflow, First...