By Seun Ibiyemi FCMB has raised the alarm over a growing number of ATM card swap incidents, urging customers to remain vigilant while carrying out transactions. In a customer advisory, the bank said fraudsters are increasingly adopting tactics that involve distracting ATM users and secretly exchanging their cards during transactions, leading to unauthorized withdrawals and…
By Seun Ibiyemi FCMB Group Plc has announced the successful completion of a major capital raise programme undertaken for its banking subsidiary, First City Monument Bank Ltd, as part of efforts to meet new regulatory capital requirements. The group disclosed this in a corporate filing signed by its Group Chief Executive Officer, Ladi Balogun, and…
By Adeyemi David The Nigerian equities market rebounded on Wednesday, adding N684 billion to investors’ portfolios as renewed buying interest in key stocks lifted overall performance. Market capitalisation rose from N121.552 trillion at the start of trading to N122.236 trillion at the close, while the Nigerian Exchange Limited All-Share Index advanced by 0.56 percent, or…
