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SUMMARY OF FCMB GROUP'S FINANCIAL PERFORMANCE FOR THE FIRST HALF OF 2024:
1. Profit Increase:
- Net Profit: FCMB Group's profit increased by 68.1%, rising to N59.5 billion from N35.4 billion in H1 2023.
2. Gross Earnings:
- Growth: Soared by 57.2%, reaching N374.5 billion, up from N238.2...
OUTCOME OF FCMB GROUP PLC BOARD OF DIRECTOR'S MEETING
Lagos, Nigeria - 19 July 2024
At a Board of Directors' meeting held on July 19, 2024, FCMB Group Plc approved its unaudited financial statements for the quarter ending June 30, 2024. These statements will be published by July 30, 2024, in...
The FCMB-TLG private debt fund has opened for investment, aiming to raise N10bn in Series 1 of its N100bn Programme. This fund, approved by the Securities and Exchange Commission, is managed by FCMB Asset Management Limited with technical support from TLG Capital Investments Limited, UK.
Key...
HIGHLIGHTS FROM FCMB GROUP'S 11th ANNUAL GENERAL MEETING
Key Announcements and Shareholder Sentiments:
- Capital Raising Programme:
FCMB Group Plc plans to raise N150bn in capital to support future growth. This move was approved at the 11th annual general meeting and met with optimism from...
SEC APPROVES FCMB ASSET MANAGEMENT'S PRIVATE DEBT FUND:
1. Fund Approval:
- The Securities and Exchange Commission (SEC) has approved the private debt fund sponsored and managed by FCMB Asset Management Limited, with support from TLG Capital Investments Limited (TLG Capital) UK.
2. Fund...
Onitsha FCMB manager bags 121 years imprisonment for embezzling customers N112 million
Nwachukwu Placidus, a manager at one Onitsha FCMB bank has been reportedly imprisoned for embezzling N112 million from a customer's account. He was sentenced to 121 years imprisonment after he diverted...
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What...
Company Name: FCMB GROUP PLC. (FCMB)
Ticker: FCMB
Market Classification: Main Board
Sector: FINANCIAL SERVICES
Sub Sector: Other Financial Institutions
Nature of Business: Provision of banking and other financial services to corporate and individual customers
Company Address: 44 MARINA, LAGOS...
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