Group acquires 96% stake in AIICO Pensions
FCMB Group said it has notified the Nigerian Stock Exchange (NSE) that its pensions arm, FCMB Pensions Limited, has entered into an agreement to acquire 96 percent of AIICO Pensions Limited.
Bellwethers lift stock market indices further by N58 billion
Gains recorded by some high value stocks buoyed transactions on the equities sector of the Nigerian Stock Exchange (NSE), yesterday, causing investors’ wealth to appreciate further by N58billion.
Persistent sell pressure drags index further by 0.4 per cent
Following persistent sell pressures in the shares of some bellwethers, transactions on the trading floor of the Nigerian Stock Exchange...
Transcorp, Japaul Oil lead stock market N4bn gain
Following bargain hunting in some high cap stocks, especially Transcorp, and Japaul Oil, trading on the floor of the Nigerian Stock Exchange..
FCMB Group records N177 billion earnings, 4.8 million customers
FCMB Group Plc has posted a gross revenue of N177.4 billion, for the financial year ended December 31, 2018, an increase of 4.3 per cent compared to the N169.9 billion for the same period in 2017. It also reported a rise in profit before tax rose by 73 per cent to N18.4 billion, against N11.5…
FCMB Group optimistic on sustained growth, profitability
Following the successful acquisition of majority (88.2 per cent) stake in Legacy Pension Managers Limited, FCMB Group Plc has expressed optimism on the bank’s sustained growth trajectory, as the benefits of key investments begin to reflect in its operations. The Group Chief Executive Officer, Ladi Balogun, speaking at the 2017 yearly general meeting of the…
FCMB promotes 537 workers, restates commitment to welfare
FCMB Group Plc and its commercial and retail banking subsidiary- First City Monument Bank (FCMB) Limited, have promoted 537 workers, as part of the Group’s tradition of rewarding and motivating employees for higher productivity.