| Date | Title | Description |
| 17.09.2024 | Nigeria's Climate Crisis and Global Aspirations: A Dual Challenge | Nigeria stands at a crossroads. On one side, the nation grapples with devastating floods that have wreaked havoc across its northern regions. On the other, it eyes a potential seat at the United Nations Security Council (UNSC), a move that ... |
| 16.09.2024 | The HERCCELERATE program is now open to women-led technology startups | SheVentures, the business division of FCMB that focusses on women, and Hub One, the innovation hub of FCMB, has launched HERCCELERATE.
This accelerator program is intended to prepare early-stage, high-potential women-led technology startups... |
| 15.09.2024 | Navigating Financial Waters: GTBank and Zenith Bank in the Spotlight | In the bustling world of finance, two stories have emerged from Nigeria that highlight the intricate dance between banks and regulatory bodies. Guaranty Trust Bank (GTBank) and Zenith Bank are currently navigating choppy waters, each facing... |
| 13.09.2024 | House of Reps orders GTBank to remit VAT on Remita commission from 2015-2022 | The House of Representatives has ordered Guaranty Trust Bank (GTB) to calculate and remit Value Added Tax (VAT) on the commission it received from Remita between 2015 and 2022 to the Federal Government recovery account.
According to the New... |
| 12.09.2024 | FCMB: A Beacon of Support for Nigeria's MSMEs and Families | In the bustling landscape of Nigeria's economy, First City Monument Bank (FCMB) stands tall, like a lighthouse guiding small businesses and families through turbulent waters. Recently, FCMB received accolades that underscore its pivotal rol... |
| 12.09.2024 | U.S. to back two permanent U.N. Security Council Seats for Africa, Nigeria in focus | The United States has expressed support for creating two permanent seats for African nations on the United Nations Security Council (UNSC), as part of ongoing efforts to reform the powerful global body. U.S.
This is according to a Reuters, ... |
| 12.09.2024 | FCMB bags double awards for MSME lending and sustainability | First City Monument Bank (FCMB) has been recognized for its significant contribution to Nigeria’s economic growth. The bank received two impactful awards at the 2024 Development Bank of Nigeria (DBN) Annual Lecture Series and Awards in Lago... |
| 08.09.2024 | FCMB’s FastCash: A quick fix for back-to-school expenses | First City Monument Bank (FCMB) is stepping up to ease the financial strain of the back-to-school season with FastCash, a digital loan solution that provides swift access to funds for school fees and supplies.
With FastCash, parents and gua... |
| 22.08.2024 | FCMB Group Seeks ₦110.9 Billion to Boost Lending, Technology | Lagos, Nigeria – FCMB Group Plc, a leading financial services holding company in Nigeria’s financial sector, held a Facts Behind the Offer (FBO) session recently at the Nigerian Exchange (NGX) as part of its recapitalization drive aimed at ... |
| 21.08.2024 | Nigerian Banks Navigate Recapitalization: Strategies and Innovations | Nigerian banks are in a race against time. They face a monumental task: raising N1.29 trillion in just three months. This is not just a number; it’s a lifeline. The Central Bank of Nigeria (CBN) has set strict capital adequacy requirements.... |
| 21.08.2024 | Nigerian banks are using these strategies to meet their bank recapitalization targets | Several Nigerian banks are deploying a combination of traditional, innovative and unconventional strategies to meet that bank recapitalization targets.
This is according to information from staff and top executives of some of the commercial... |
| 15.08.2024 | FCMB and FMO Seek Agricultural Solutions in Nigeria with Agritech Hackathon | First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development Bank (FMO) are joining forces to ignite innovation in Nigeria’s agricultural sector through an Agritech Hackathon and Venture Building programme. The initiative, deli... |
| 07.08.2024 | Credit Direct Announces upgrade in Credit Rating, Payout of Series I and II Commercial Paper | Credit Direct Finance Company Limited (Credit Direct), the consumer finance arm of FCMB Group Plc and one of Nigeria’s leading digital-first non-bank financial services providers, has recently received an upgrade to its credit rating from A... |
| 14.06.2024 | Big 4 maintain market dominance as audit firms earn N17.34 billion fees in 2023 | Story highlights
The 50 most capitalized companies in the Nigerian equities market paid a sum of N17.24 billion as audit fees in 2023, a remarkable 46.7% increase from N11.82 billion in 2022.
The Big Four audit companies, maintained industr... |
| 10.06.2024 | Ecobank shuns capital markets to raise $600m through debt instruments | Ecobank Transnational Incorporated, a pan-African financial institution with a national banking licence in Nigeria, will sidestep the Nigerian Exchange and other capital markets in its plan to raise $600 million to meet Nigeria’s recapitali... |
| 01.05.2024 | FCMB seeks shareholder approval to raise ₦150 billion | FCMB will seek shareholder approval at a general meeting to raise ₦150 billion in new capital by selling stocks or bonds. The new capital will help the bank meet new recapitalisation requirements set by the Central Bank.
The requirements, w... |
| 13.03.2024 | Online scam: “No Go Fall Maga, Confam Am Again” Bankers Committee Takes a Stand | If anyone is taking the statement “evolve or die” seriously, it is scammers. Every day, they are upgrading their tactics and approaches in an effort to fleece you of your hard-earned Naira. Show them that no matter how fast they are learnin... |
| 08.03.2024 | How Huawei became Nigeria’s biggest telecoms vendor and enterprise business | When Huawei launched in Nigeria in 1999, two years before its telecommunications revolution, very few people could have predicted it would become the country’s biggest telecoms vendor and build one of the country’s biggest enterprise busine... |
| 01.06.2023 | Ten most valuable Nigerian-owned companies on the stock market | Nigeria is Africa’s largest economy and investment destination for many multinational companies in the energy, FMCG, telecoms, agriculture and tech sectors, to mention the least. It has international companies like MTN, Airtel Africa, Nestl... |
| 03.04.2023 | 20,000 free eye surgeries; Nigerians celebrate FCMB and Tulsi Chanrai Foundation | Over 20,000 visually impaired Nigerians have successfully undergone free corrective surgeries. Their power of sight was restored via the Priceless Gift of Sight initiative of First City Monument Bank (FCMB) in partnership with the Tulsi Cha... |
| 27.01.2023 | The future of African payments with FCMB and CB Insights
TechCabal’s 2021 Year-End report
Success! | At every corner you turn in the African business ecosystem is a banking solution. Proliferating among these banking solutions are fintech startups mainly focused on solving payments and building infrastructure aimed at enabling easier trans... |
| 30.11.2022 | UNDP, First City Monument Bank (FCMB) launch AgroHack Challenge
TechCabal’s 2021 Year-End report
Success! | The winners will receive funding, incubation support for 3 months as well as access to workspace, market and networks to aid business growth
Nigeria’s Agricultural sector is facing a myriad of challenges such as climate and weather changes,... |
| 21.07.2022 | Crop2Cash is giving Nigerian farmers a pathway to financial inclusion | Software developer Michael Ogundare witnessed a stark mismatch in his home country of Nigeria: the majority of local food production depended on smallholder farmers, but those farmers were unable to access financing to support food producti... |
| 30.03.2022 | FCMB SheVentures is helping women tech founders break the bias in Nigeria | One of the critical issues limiting the growth of female-led/female-founded startups in Africa is funding. Despite the boom in venture capital funding in Africa’s startup ecosystem towards the end of the previous decade, the lack of funding... |
| 24.02.2022 | Zenith, Access, others publish names, BVNs and account numbers of forex defaulters | --> -->
Some Nigerian banks have published the names, Bank Verification Numbers (BVN) and account numbers of customers who have accessed foreign exchange under false pretence and failed to return it.
This development is coming after t... |
| 31.01.2022 | Tired of loan sharks? Check out some CBN approved payday loan offers | --> -->
Nigerians looking for a quick influx of cash to meet expenses have various options to shop for the best loans to suit their needs amongst licensed commercial banks.
Rather than going to loan sharks or borrowing from questionab... |
| 07.09.2021 | FCMB emerges the best SME bank in Africa and Nigeria | --> -->
Nigeria’s leading lender, First City Monument Bank (FCMB), has emerged as Best SME Bank in Africa and Best SME Bank in Nigeria at the Asian Banker Middle East and Africa Regional Awards on the 27th of August 2021.
The SME frie... |
| 07.08.2020 | Factsheet: How to think about product-market fit in Africa | You are reading Factsheet, our series of specific guides on experiencing and using technology platforms in Africa. Whether you are looking for knowledge on getting your African film on Netflix, raising a seed round or finishing an online de... |
| 26.06.2020 | What Nigerian banks can do to reduce crowds going forward | Share this article:
On May 4, 2020 the Nigerian government eased the lockdown of three states it announced on March 30. With movement allowed during the 6 a.m. to 8 p.m. curfew that replaced the stay at home order of May, Lagos, Nigeria’s l... |
| 06.03.2020 | The story behind biometric fingerprint ATM withdrawals in Nigeria | Share this article:
With the growing rate of global Internet penetration, companies, and even government agencies, have continued to adopt and develop easier and relatively secure means of harnessing information.
Case in point, biometrics, ... |
| 15.10.2019 | More than just a physical location: A tour of Hub One’s space in Yaba | Share this article:
On January 31, 2019, First City Monument Bank (FCMB) launched Hub One to provide an affordable and enabling enviroment where tech startups can thrive, collaborate and share ideas.
Located in the heart of Yaba, Lagos. Thi... |
| 04.04.2019 | Two top Nigerian fintechs can win 1m naira in FCMB Tech Pitch Perfect competition | Two Nigerian fintech startups stand the chance to each win one million Naira ($2775) with a new competition run by Nigeria’s First City Monument Bank (FCMB) and the Passion Incubator.
The two have partnered to search for innovative solution... |
| 04.04.2019 | Two top Nigerian fintechs can win 1m naira in FCMB Tech Pitch Perfect competition | Two Nigerian fintech startups stand the chance to each win one million Naira ($2775) with a new competition run by Nigeria’s First City Monument Bank (FCMB) and the Passion Incubator.
The two have partnered to search for innovative solutio... |
| 28.07.2016 | Newly launched iLx Centre brings a rejuvenating twist to the learning experience [Exclusive Photos] | Share this article:
Today’s episode of Office Tours got me, my lens and team dropping by Venia Group, owners of the popular Venia Business Hub we toured earlier this year and AutoGenius. They recently launched an integrated learning experie... |
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