4 articles tagged with “FCMB”
FCMB Group completed CBN's N500bn capital requirement ahead of deadline while private sector credit fell 2.8% YoY to N75.24trn in January, highlighting divergent trends in Nigeria's banking sector despite inflation moderation to 15.51%.
Major Nigerian lenders are exploring consolidation and completing capital raise programs ahead of the Central Bank of Nigeria's recapitalization deadline, with FCMB Group reaching N266.5 billion in verified eligible capital and South Africa's FirstRand eyeing market entry.
Nigeria's mid-sized banks delivered robust profit growth in 2025, with FCMB Group and Wema Bank outpacing peers, while BUA Cement's 367% profit surge highlighted broader corporate earnings strength across Africa's largest economy.
Mandatory reserves held by five major Nigerian banks with the Central Bank of Nigeria climbed to N6.9 trillion, reflecting the impact of sustained tight monetary policy as the sector navigates recapitalization pressures and liquidity management challenges.