FCMB secures US$50m loan from AfDB for local enterprises and women-empowered businesses

NIGERIA – First City Monument Bank (FCMB) has secured US$50 million loan from the African Development Bank (AfDB) to channel to local enterprises and women-empowered businesses in the agribusiness, manufacturing, healthcare and renewable energy sectors.  Thirty percent of the funds, which are intended to mitigate effects of the challenging Covid-19 environment, are earmarked for underserved women-empowered businesses. In addition, the…

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Nigeria’s FCMB bank secures US$50M from IFC to support SMEs survive COVID19

FCMB Nigeria

NIGERIA — Nigeria’s First City Monument Bank (FCMB) Limited has secured a US$50M loan from IFC to help it expand lending to small and medium enterprises (SMEs) so they can sustain business activities disrupted by the COVID-19 pandemic. IFC, a member of the World Bank Group, in a statement explained that the loan was made through IFC’s COVID-19 fast-track financing…

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FCMB expands branch network to enhance customer access

NIGERIA – First City Monument Bank (FCMB), one of Nigeria’s leading full-service bank has opened an ultra-modern cash centre within the Lagos State Abattoir Complex in Agege. The new branch was inaugurated by the Bank’s top management in a successful ceremony attended by top dignitaries, including officials of the Lagos State Government, trade unions, their members, and customers of the…

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