Tag: Ladi Balogun

FCMB Raises $115.6 Million Bond in Q3

By InvestAdvocate Lagos (INVESTADVOCATE) –FCMB Group Plc said on Thursday it has raised $115.6 million (N23 billion) bond at the end of its third quarter (Q3), according to a Reuters report quoting Ladi Balogun, FCMB’s chief executive officer. According to the report Balogun said that FCMB still had room to […]

FCMB Lists Holdco, Targets 25% Loan Book Growth in 2013

By InvestAdvocate Lagos (INVESTADVOCATE)-First City Monument Bank Group Plc Monday listed as a holding company (HoldCo) on the Nigerian Stock Exchange (NSE) in Lagos Nigeria as it targets 25 percent (25%) loan book growth in 2013. This is coming on the heels of the Central Bank of Nigeria’s (CBN’s) directive […]

Nigeria’s FCMB forecast -20% fall in Q1 2013 Profit

By Peter OBIORA InvestAdvocate Lagos (INVESTADVOPCATE)- Nigeria’s First City Monument Bank Plc, Tuesday forecast a 20 percent (20%) fall in the First-Quarter (Q1) Profit After tax (PAT) compared to N4.003 billion it made in last year’s result for the same period. This is contained in the Forecast Earnings of the […]