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FCMB GROUP
First City Monument Bank Group Plc (FCMB) has announced plans to raise fresh equity capital through an Offer...
The Group CEO of FCMB Group, Ladi Balogun has stated that only about 10% of the bank’s foreign exchange gains recorded in 2023 are realized.
FCMB Group recorded a profit before tax of N64.2 billion in the first half of 2024, marking a 68% year-on-year growth from the N38.2 billion posted in the corresponding period of 2023.
The Group will also seek shareholders’ endorsement for the increase of the Company's issued share capital from N9,901,355,390.50 divided into 19,802,710,781 ordinary shares of 50k each to N19,802,710,781.00 divided into 39,605,421,562 ordinary shares
Credit Direct Finance Company Limited (Credit Direct), a member of the FCMB Group and the leading non-bank consumer lending institution in Nigeria announces the successful completion of its debut commercial paper issuance on the FMDQ platform.
It was another busy week for corporate Nigeria, characterised by Q3 earnings forecasts, dividend announcements, appointments, and even product launches.
Hello and welcome to Nairametrics’ Corporate News Roundup for the week that ended May 27, 2023.
FCMB Group Plc (“FCMB Group” or “the Group”) 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.
FCMB Group Plc sustained its profitable growth trajectory by recording an impressive 42% increase in profit before tax at the end of March 2022.
Otunba Subomi Balogun officially hands over Otunba Tunwase National Paediatrics Centre to UI and UCH
Otunba Olasubomi Balogun has formally handed over his Otunba Tunwase National Paediatrics Centre to the University of Ibadan and the UCH.
The FCMB founder paid a cumulative sum of N15.35 million for a total of 5.1 million additional stocks.
FCMB has issued a fresh N30 billion worth of commercial paper, as part of its N100 billion CP issuance programme.