FCMB Group Plc

FCMB Group Receives Shareholders’ Approval for Fresh N400bn Capital Raise

December 21, (THEWILL) — FCMB Group Plc has secured the shareholders’ approval to raise up to N400 billion fresh capital in a bid to beat the Central Bank of Nigeria’s March 31, 2026 deadline for banks reapitalisation. The...

FCMB Forecasts ₦62.5bn Profit For Q1 2026 After Strong 2025 Performance

December 10, (THEWILL) — First City Monument Bank (FCMB) Group has projected a profit of ₦62.5 billion for the first quarter of 2026, building on the momentum from its strong performance across three consecutive quarters in 2025. According to the...

FCMB Reports Pre-Tax Profit of N134.5bn for 9m of 2025

-Concludes Public Offer Towards N500bn Recapitalisation Target December 08, (THEWILL) — FCMB Group has reported a profit before tax of N134.497 billion for the nine months ended 30 September 2025. This constitutes a significant 46.2 percent increase from the N91.83...

FCMB Extends Q3 2025 Results Filing Beyond October 30 Deadline

September 29, (THEWILL) — FCMB Group Plc has notified the Nigerian Exchange (NGX) and the public that it will not be able to release its nine-month (Q3) 2025 financial results by the original deadline of 30th October 2025. The company...

Recapitalisation: FCMB in Massive Digital Innovation, as IT/IS Costs Jump 56% in 2024 

February 09, (THEWILL) – Ahead of the March 31, 2026 recapitalisation deadline, Nigeria’s foremost financial services institution, the FCMB Group Plc, is expanding its digital banking landscape to effectively operate in the highly competitive environment that would emerge from...

Q3 2024: FCMB’s 63% Pre-tax Profit Signals Strong Year-end Growth

December 08, (THEWILL) – FCMB Group Plc recently announced a pre-tax profit of N27.6 billion for the third quarter of 2024, up from N16.9 billion in the same period last year, and this points to a bountiful 2024 annual...

FCMB Plc Spends N1.17bn on Directors in Six Months

September 09, (THEWILL) – First City Monument Bank (FCMB) Plc spent N1.17 billion on its directors in the first six months of the year (HY2024) according to its interim financial statement filed with the Nigerian Exchange (NGX). This figure...

Recapitalisation: FCMB Sees Triple-Digit Growth Amid e-Banking Revenue Surge

August 25, (THEWILL) – FCMB Group, a foremost financial services holding company, posted impressive results for its half year 2024 operations. The remarkable performance, which reflects a positive trajectory towards a triple-digit growth in the recapitalization environment, underscores its...

Buhari Mourns FCMB Founder Subomi Balogun

May 19, (THEWILL) - President Muhammadu Buhari has shared in the grief of loss with the business community, particularly banking and investment sector, over the passing of an illustrious citizen, Chief Michael Olasubomi "Subomi" Balogun. THEWILL reports that Chief Subomi...

FCMB Group Announces Issuance of Series I Bond

FCMB Group Plc has successfully completed the issuance of a N20,686,000,000 Perpetual 16% Fixed Rate Resettable NC5.25 Additional Tier I Capital Subordinated Bonds (“the Series I Bond” or “the AT1” or “the Instrument”) under its N300,000,000,000 Debt Issuance Programme. The...
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Mended Fences: 1,000 Goals In Sight As Ronaldo and Portugal Reconciliation Takes Shape

Cristiano Ronaldo’s turbulent relationship with the Portugal national team could be heading towards an unexpected reconciliation, with reports suggesting the veteran forward may return for one final international chapter as he closes in on the historic 1,000-goal milestone.
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