#fcmb

[kemetic-dreams]

Nigeria has 8 female bank CEOs namely;

Miriam Olusanya (GT Bank)

Yemisi Edun (FCMB)

Halima Buba (SunTrust Bank)

Ireti Samuel-Ogbu (Citibank)

Nneka Onyeali-Ikpe (Fidelity Bank)

Tomi Somefun (Unity Bank)

Kafilat Araoye (Lotus Bank)

Bukola Smith (FSDH Merchant Bank)

[touchaheartnews]

Court Sentence FCMB Branch Manager to 121 years in Prison for embezzling Customers Funds

FCMB is a leading financial institution in Nigeria has received a big shock of the year as one of its staff has been thrown to prison for fraud and embezzlement. Justice S. Odili at the Anambra State High Court in Onitsha, Anambra State, sentenced Mr Nwachukwu Placidus, a bank manager at First City Monument Bank FCMB, Onitsha Anambra State to 121 years in prison for embezzling N112 million from a…

[truetellsnigeria1]

FCMB supports ReelFruit on sustainable manufacturing

First City Monument Bank (FCMB) has reaffirmed its commitment to sustainable manufacturing that minimizes negative environmental impact while conserving energy and natural resources. This was demonstrated by the newly inaugurated dried fruit manufacturing plant of Nature’s Bounty Health Products Limited in Abeokuta, Ogun State. Financed by FCMB, the 800-metric-ton manufacturing plant affirms…

[rnnonline]

FCMB to increase instant payments using QR codes

FCMB to increase instant payments using QR codes

To encourage rapid payments for goods and services, First City Monument Bank has introduced a contactless, cardless, and cashless Quick Response code. According to the bank, it launched the payment option to guarantee a hassle-free shopping and transaction experience for clients and merchants. The new code may be accessed using the FCMB Mobile App, the lender said in a statement, and it also…

[tracknews1]

CLO's Call For The Sack of Ademola Adebise AS Non Executive Director Of FCMB

***Describes Him As Fraud Personified The appointment of Mr Ademola Adebise as a non-executive director of First city monument Bank FCMB follows the approval of the Central Bank of Nigeria (CBN). However, his appointment by the Apex Bank of Nigeria has generated mix reactions, as civil liberty organizations are calling for the CBN to terminate Mr Ademola Adebisi appointment owing to his numerous…

[touchaheartnews]

FCMB invites applications for Accelerator Programme to empower one million SMEs across Nigeria.

  First City Monument Bank (FCMB) has launched an accelerator programme to upskill and grow over one million small and medium-sized enterprises (SMEs) in Nigeria. This Nigeria news platform gathered that by partnering with SkillPaddy and other industry experts, the bank aims to equip startups and existing businesses with the skills and resources to develop innovative products and services, create…

[truetellsnigeria1]

FCMB Group Reports Strong Financial Performance, Records N55.1 Billion Growth In Profit Before Tax

First City monument Bank (FCMB) Group Plc., has announced a 108% Year-on-Year (YoY) growth in profit before tax (PBT) to N55.1 billion for the nine months ended September 30, 2023, compared to N26.5 billion in the corresponding period of 2022. The Group’s strong financial performance can be attributed to the collective strength of its diverse business segments. The Banking Group recorded a…

[rnnonline]

FCMB Group projects N79.34 billion gross earnings for Q1 2023

FCMB Group projects N79.34 billion gross earnings for Q1 2023

According to FCMB Group Plc, its goal for the first quarter of 2023 is to generate gross revenues of N79.34 billion. This information may be seen in their Q1 2023 earnings statement, which was made public via the Nigerian Exchange (NGX) and accessed by RNN. In addition, the group anticipated earning N63.82 billion in interest income. Targets for profit were set at N9.58 billion and N8.48 billion,…

[hardynwa]

Stock investors begin H2 with N533bn gain

Stock investors consolidated the bullish sentiments recorded in the first half of the year as they raked in N533bn on the first trading day of the second half of the year. The All-Share Index went up 1.61 per cent to close at 61,949.24 index points on Monday against 60,968.27 index points recorded on Friday. The market capitalisation rose by N53bn to close at N33.731tn, representing a 1.43 increase compared to the N33.198tn recorded in the previous trading session. On the gainers’ list, JAPAULGOLD, ETERNA, and MEYER led the line, gaining 10.00 per cent each. UPL and LINKASSURE also appreciated at the same rate. TRIPPLEG, CORNEST, and NSLTECH led the laggards list, losing 9.87 per cent, 9.09 per cent, and 9.09 per cent, respectively. ABCTRANS was down 6.8 per cent while JBERGER declined by 3.2 per cent. Investors exchanged 1.20 billion units of shares compared to the 998.08 million traded in the previous day’s session. By volume, FCMB led the line with 173.81 million units traded. UBA followed with 160.67 million shares while ACCESS HOLDINGS’s 132.52 million shares completed the top 3 traded stocks. In the first six months of this year, investors have gained N5.3tn, propelled by macroeconomic reforms of the new administration. This came despite the rising inflation, global uncertainty and other economic challenges, which negatively impacted the market during the early part of the year. The market rallied amid buying interest from investors, especially in bellwether stocks. The NGX All Share Index, an indicator which is used to measure the performance of listed firms on NGX, hit a 15-year high for the first time since 2008 and crossed 60,000 index points, to close at 60,968.27 points as against an opening value of 51,251.06 (January 3, 2023), implying an increase of 8,717.21 or 18.96 per cent. Prior to this time, the cash crunch; soaring inflation and the uncertainties in the build-up to the 2023 elections dampened the mood of investors as they activated the “cautious mood” to stock trading. But sentiments started improving as the cash crunch eased and impressive corporate results came in. Read the full article

[chajezskills]

NGX, CIS and others respect Subomi Balogun

Nigerian Stock Exchange Limited (NGX), Institute of Chartered Stock Brokers (ICB) and other market participants held a mock session and gong ceremony in honor of the deceased on Monday. Subomi Balogunfounder of FCMB Group. Mr. Balogun died on May 18 in London after a short illness. He was 89 years old. Speaking at the ceremony, the Managing Director of NGX, Temi Popula, stressed that the late Mr.…

[naijaplux]

8 things you need to know about late Otunba Subomi Balogun 

The Founder of First City Monument Bank (FCMB), Otunba Subomi Balogun, reportedly died on Friday.  The Nigerian Yoruba banker and chief was said to have passed away in a hospital in London on Friday, May 19th, 2023.  Below in this article, Tribune Online highlights eight (8) things you should know about the late Otunba Subomi Balogun.  Subomi Balogun was born in 1934 in Ijebu-Ode, Ogun State to…

[buzz-africa-media]

Subomi Balogun: biography, net worth, age, state of origin, career, education, personal life, death and more

Profile of Subomi Balogun: Name: Chief Michael Olasubomi Balogun Date of birth: March 9, 1934 Age: 89 years old State of origin: Ogun state, Nigeria Nationality: Nigerian Profession: Banker and businessman Net worth: $9 billion Subomi Balogun Early Life Chief Michael Olasubomi Balogun was born on March 9, 1934, in Ijebu-Ode, Ogun state, to Muslim parents. He later converted to Christianity during his secondary school years. After spending some time in Ogun state, he moved to Lagos. Subomi Balogun Education Subomi Balogun completed his primary and secondary school education, obtaining his first school leaving certificate and West African Senior School Leaving Certificate. He also studied Law at the London School of Economics. Subomi Balogun Career After working as a teacher in London, Subomi Balogun returned to Nigeria and joined the Ministry of Justice, Western region. He served as a parliamentary counsel in the federal ministry of Justice. Subomi joined the Nigeria Industrial Development Bank (NIDB) in 1996 and later served as the director of operations at ICON Ltd. He also founded City Securities, a stockbroking and issuing house. Around 1980, he established First City Merchant Bank, now known as First City Monument Bank (FCMB). Subomi Balogun Philanthropy Subomi Balogun is known for his philanthropic work. He has made numerous donations, including aiding in the building of schools and hospitals. He built a National Pediatric Centre in Ijebu-Ode, which he donated to the University of Ibadan’s University College Teaching Hospital. Subomi Balogun Death Subomi Balogun passed away at the age of 89 on May 19, 2023, after a brief illness. Subomi Balogun Personal Life Subomi Balogun was married and had children. Subomi Balogun Net Worth Subomi Balogun’s net worth has been estimated at $9 billion. He owned a fleet of exotic cars and vast real estate holdings in Nigeria and abroad. Frequently Asked Questions (FAQs): - Where is Subomi Balogun from? He hails from Ijebu-Ode in Ogun state. - How old is Subomi Balogun? He was 89 years old. - What is Subomi Balogun’s net worth? His net worth has been estimated at $9 billion. Read the full article

[spyloaded]

FCMB Owner, Otunba Subomi Balogun Is Dead

http://dlvr.it/SpJCCm