The FCMB Group has revealed that it would be seeking shareholders’ approval to raise about N150bn in additional capital. This was disclosed in its notice of its Annual General Meeting filed with the Nigerian Exchange Limited on Wednesday. This came weeks after the Central Bank of Nigeria directed Deposit Money Banks to recapitalise with banks…
FCMB Group Plc has revealed that its digital revenue improved by 62.4 per cent in 2023 to N60.3bn from N37.1bn in the previous year. The lender disclosed in its 2023 audited financial, which was filed with the Nigerian Exchange Limited. FCMB Group in the year under review saw its adoption of technology improve reflecting an…
Access Bank Plc has partnered with 9ijakids and Kidpreneur Africa to empower over 90,000 African children with essential financial management skills in Nigeria and five other countries. According to the lender in a statement, African countries ranked the lowest globally in financial literacy rates among youth. “A survey conducted by the United Nations Educational, Scientific…
First City Monument Bank Group Plc, has announced an N104bn profit before tax for the period ending December 31, 2023, marking an increase of 186 per cent year-on-year from N36.6bn in 2022. The group said the growth was reflected across all business segments, with the Banking Group, Consumer Finance, Investment Management, and Investment Banking divisions…
Chief Executive Officer of Sterling Bank Limited, Abubakar Suleiman, has called for a purpose-driven leadership society to deliver a transformative impact. According to a statement from the bank, Suleiman made this call while delivering an enlightening discourse on leadership during the Lagos Leadership Summit 2024, powered by the Lateef Jakande Leadership Academy. In his address,…
Ibom Airline has purchased and launched a new Airbus A220-300 into commercial service. The Akwa Ibom state-owned airline launched the plane into commercial service on Monday,, with flights from Uyo to Lagos. PUNCH gathered that the A220 with registration 5N-CDA, which arrived at the airline’s base in Uyo on December 8, 2023, from Mirabel, Canada,…
Co-founder of Aluko & Oyebode, one of the largest integrated law firms in Nigeria, Gbenga Oyebode, has been appointed as the chairman of the Board of Directors of Lafarge Africa. Oyebode succeeded Mr Adebode Adefioye, who voluntarily retired as Chairman. A statement filed with the Nigerian Exchange Limited revealed that Adefioye voluntarily stepped down as…
According to the order, the commission said the move was necessitated after MAPs and other operators requested a further review of metre prices in consideration of the significant changes in foreign exchange and inflation rates since NERC’s last price review in September 2023. It said the significant changes in these macroeconomic variables had constrained the…
Queues have resurfaced in major cities like Lagos and Abuja, snaking into the roads and leaving millions of commuters stranded. But IPMAN in Rivers State told Channels Television in an exclusive interview that there is enough fuel stock, dousing fears of queues returning to filling stations in the area. The IPMAN Rivers State Public Relations…
