FCMB Names Economist Bismark Rewane Board Chairman
First City Monument Bank Limited has appointed Bismarck Rewane as a Non-Executive Director and Chairman of its Board of Directors following approval from the Central Bank of Nigeria. It stated in a statement that the appointment brings one of Nigeria’s leading economists to the board of the lender as it seeks to strengthen its governance […]
SMEs Need Infrastructure Beyond Financing – FCMB VP
Nigeria’s small and medium-sized enterprises need more than access to finance to thrive, according to FCMB’s Senior Vice President and Divisional Head of Business Banking, George Ogbonnaya, who highlights infrastructure, skills and digital transformation as critical growth drivers, in this interview with OKECHUKWU NNODIM Beyond financing, what additional support do Nigerian businesses need to scale […]
FCMB offers zero-interest loans to women entrepreneurs
First City Monument Bank has opened a new round of applications for its SheVentures proposition, offering zero-interest loans of up to N10m to women entrepreneurs to improve access to working capital and support business growth. The bank said in a statement on Tuesday that the facility provides loans ranging from N500,000 to N5m under a […]
Credit Direct & vivo unveil new smartphone financing plan
Credit Direct and vivo Nigeria have signed a Memorandum of Understanding aimed at expanding smartphone access and easing device affordability across the country. The agreement, according to a statement made available to Punch Online on Wednesday, was signed at Credit Direct’s headquarters in Lagos on Friday, April 17, 2026. Under the arrangement, “customers can acquire […]
FCMB Leverages Culture to Deepen Markets & Support SMEs
First City Monument Bank is positioning culture as an economic engine, leveraging platforms such as the Ibadan Cultural Festival to support small businesses, deepen inclusion, and connect local enterprises to broader markets. As a lead partner in the festival organised by the Central Council of Ibadan Indigenes, the bank said in a statement on Wednesday […]
Lagos launches $500m human capital governance programme
The landscape of public service delivery in Lagos State is undergoing a systemic transformation as the state government, in collaboration with the World Bank and First City Monument Bank, scales the Human Capital Opportunities for Prosperity and Equity–Governance programme. According to a statement on Wednesday, the $500m initiative represents a departure from traditional government spending, […]
FCMB Group meets CBN’s N500bn recapitalisation mandate
FCMB Group Plc has officially announced the successful completion of the capital raise programme undertaken for its banking subsidiary, First City Monument Bank Limited. In a statement signed by the Group Chief Executive, Mr. Ladi Balogun, and sent to the Nigerian Exchange on Monday, the Group confirmed it has received all requisite approvals from the […]