FCMB Group Profit Increases by 192% in Q1 FCMB Group’s profit before tax jumped by 192.6 per cent to N31.3bn in the first quarter of 2024. According to the financial results of FCMB for Q1, filed with the Nigerian Exchange Limited, all of the group’s business...

NGX Sustains Bullish Trade as Investors Gain N3.5tn on Seventh Day  The rally on the Nigerian Exchange Limited entered its seventh day on Monday, resulting in a daily gain of N365bn and a compound gain of N3.5tn from the rally which started on December 28,...

FCMB, FBNH, GTCO Join NGX as Others Exit Banking Index The review of the indexes done by the Nigerian Exchange Limited has seen some banking stocks, such as FBN Holdings, Guaranty Trust Holding Company Plc, FCMB Group, and Stanbic IBTC Holdings Plc, added to the...

Buhari Mourns FCMB Founder, Subomi Balogun President Muhammadu Buhari has condoled with the business community, particularly banking and investment sector, over the passing of an illustrious citizen, Chief Michael Olasubomi Balogun, 89. The President in a statement by his spokesman, Femi Adesina, condoled with family members,...

FCMB Founder, Subomi Balogun, is Dead The founder of First City Monument Bank (FCMB) Group, Chief Olasubomi Balogun, has passed away. The Ijebu high chief reportedly passed on, on Friday morning at the age of 89. Balogun, who had celebrated his 89th birthday on Thursday, March 9,...

Dangote Cement Issues N50bn Bonds For Projects Expansion       Dangote Cement Plc, Africa’s largest cement producer, has announced the successful issuance of N50 billion Series 1 Fixed Rate Senior Unsecured Bonds under the company’s new N300 billion Multi-Instrument Issuance Programme. The company said on Wednesday that the...