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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 Managemen ....

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Peter Obaseki, FCMB's COO retires


The Board of Directors of FCMB Group announced Obaseki’s retirement, with effect from March 1.
The Chairman of the Group’s Board of Directors, Mr. Oladipupo Jadesimi, thanked Obaseki for his service and support to the Board over the years.
Obaseki’s retirement was approved at a meeting of the Board of the Group on February 26, which has been communicated the Nigerian Stock Exchange, NSE.
FCMB Group Plc comprises commercial and retail banking (First City Monument Bank Limited, Credit Direct Limited, FCMB (UK) Limited and FCMB Microfinance Bank Limited.
The other two business arms are investment banking (FCMB Capital Markets Limited and CSL Stockbrokers Limited); as well as asset and wealth management (FCMB Pensions Limited, FCMB Asset Management Limited and FCMB Trustees Limited). ....

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