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From left: The wife of the Founder of First City Monument Bank (FCMB), Olori Abimbola Balogun; the founder of the Bank Otunba Olasubomi Balogun and the the Deputy Governor of Ogun state, Mrs. Yetunde Onanuga, during the Ojude Oba Festival held at Ijebu Ode in Ogun State on Saturday (September 26, 2015). FCMB founded by Otunba Subomi Balogun has continued to demonstrate it love for the the promotion of culture and tourism in Nigeria.  As usual FCMB's participation at the 2015 Ojude Oba Festival held at Ijebu Ode, Ogun state on Saturday September 26, 2015 on your platform was notable. The Bank has been sponsoring/supporting the Festival over the years. FCMB's  involvement in the festival is a demonstration of its value as a helpful bank committed to reaching out to all segments of the society.  In a statement obtained by Gistmaster,the management said "FCMB will continue to support initiatives that will enhance the well-being of th...

FCMB Group Plc on Wednesday declared a profit after tax of N8.3bn for the half-year ended June 30, 2015, 13 per cent lower than the N9.576bn it made in the same period last year. Although the group grew its gross earnings by 11 per cent from N69.620bn to N77.353bn in the review period, higher expenses led its profit before tax to dip by 14 per cent from N11.140bn to N9.565bn. FCMB’s financial statements, which it filed with the Nigerian Stock

Zumax Nigeria has dragged FCMB to court over improper management of it account and the diversion of N1 Billion,resulting in what it called monumental fraud. There have been amazing revelations in the Lagos State High Court, where FCMB is currently defending allegations that it is responsible for the massive defrauding of a corporate customer.  (The suit no. in the

DEROJU SHOAGA & TOLA FAWEHINMI     By Niyi Tabiti - Nigerian women in latest fashion and style at the burial of late businessman and socialite,Bode Oshinusi in Ijebu-Ode. Oshinusi died just 10 days after celebrating his 80th birthday in Lagos. The event was graced by notable personalities across the globe.Trust Nigerians, it was a festival of glamour as people turned out looking beautiful in their aso ebi, gold,diamond and latest beads designs.  Guest includes the founder of First City Monument Bank (FCMB), Otunba Subomi Balogun ,Alhaja Tai Elemosho,Chief Mrs Atinuke Abioro,Alhaja Bisi Abiola,Folashade Okoya,Funmi Tinubu and others See photos

By Niyi Tabiti  Terry Waya, Nigerian born businessman and socialite proved his worth when his 40 th birthday attracted 5 governors, senators and businessmen to the UK. Sources also hinted that some pretty girls also made it to the party from Nigeria courtesy of their rich boyfriends.  Chief Lucky Igbinedion the governor of Edo state had a party for Terry Waya, at his private UK residence a day before. Terry Waya’s party would go down in history as one of the most talked about in Nigeria. It reportedly cost whopping 100,000 pounds sterling to stage. The birthday party took place on June 19, 2001 at the Le Meridien Hotel, Picadilly, West End, London.   The 5 governors who attended the

First City Monument Bank (FCMB) Plc has released its financials for the year ended December 2010 declaring profit after taxation of N7.9 billion and a proposed dividend of 35kobo to the shareholders. The N7.9 billion profit after taxation declared by the bank represents 837 per cent growth in post-tax earnings on an annualised basis compared to the N564 million for the 8-months ended December 2009, following the 2009 change in financial year-end. The Group audited result for the financial year also showed that while profit after taxation grew by 837 percent, Gross earnings for the Group was N63 billion, a 17 per cent annualised growth over the period ended December 2009. A statement by the bank also showed that Risk assets grew by 38 percent from N240 billion as at December 2009, to N330 billion as at December 2010. Net interest margin however, narrowed during the year. This, the bank said was due to the low interest rate environment and the focus on high quality credit, resulting in a...