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FCMB Shareholders Approve N2 97bn Dividend

Shareholders of FCMB Group Plc have restated their confidence in the financial institution to sustain its impressive performance and deliver more value. The shareholders gave the commendation at the eight Annual General Meeting (AGM) of the Group held Wednesday, in Lagos. They also unanimously approved the payment of a dividend of N2.97 billion, translating to 15 kobo per ordinary share for the year ended December 31, 2020, as against 14 kobo per share the previous year. The AGM was held virtually due the prevailing COVID-19 pandemic and streamed live to shareholders of the financial institution. The FCMB Group is a holding company divided along three business groups: commercial and retail banking (First City Monument Bank Limited, Credit Direct Limited, FCMB (UK) Limited and FCMB Microfinance Bank Limited); Corporate & Investment Banking (The Corporate Banking Division of the Bank, FCMB Capital Markets Limited and CSL Stockbrokers Limited) and Investment Management (FCMB Pension

Heavy sell-off in Guinness shares leads to N6 9 billion market value loss in a single day

Heavy sell-off in Guinness shares leads to N6 9 billion market value loss in a single day
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Bukola Smith the Game-changer

Twenty-twenty-one is a year of transformative appointments and a tireless plan to make significant advancements everywhere. The situation in Nigeria is not different, and neither are the folks behind the banks. Thus, the appointment of the Executive Director of the Business Development department of First City Monument Bank Limited (FCMB), Bukola Smith, into the position of MD/CEO of First Securities Discount House Limited (FSDH) is not without antecedence. To ignore one so brilliant, capable and diligent to a fault, the Executive Board of FSDH would have to be blind or backward. Fortunately, they are neither, and so Smith has reached the pinnacle within the Lagos-based bank.

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