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Tag: FCMB

  • FCMB Group reports N79.3b half-year profit before tax in unaudited results

    FCMB Group reports N79.3b half-year profit before tax in unaudited results

    FCMB Group Plc has  reported a N79.3 billion profit before tax in its unaudited financial results for the half-year ended June 30. This represents 23 per cent year-on-year increase, driven primarily by improved net interest income and asset yields.

    Gross revenue rose to N529.2 billion (41.3 per cent year-on-year increase) from N374.5 billion in 2024, supported mainly by a 70.3 per cent growth in interest income.

    However, non-interest income declined by 35.1 per cent due to a N36.6 billion drop in currency revaluation gains compared to last year.

    Net interest income almost doubled, rising from N106.2 billion in the previous year to N207.4 billion by June. The yield on earning assets improved to 20.2 per cent, leading to a net interest margin of 9.1 per cent, up from 6.3 per cent in the 2024 financial year.

    The group’s digital business—payments, lending, and wealth services—grew. Digital revenue increased by 60 per cent year-on-year, rising from N46 billion in June 2024 to N73.6 billion this June. Digital services account for 13.9 per cent of total earnings.

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    Operating expenses rose by 46.1 per cent to N153.2 billion. The increase was due to higher personnel costs, regulatory expenses, technology costs, and general inflationary pressures. Despite this, cost-to-income ratio improved to 57 per cent at the end of June 2025, compared to 59.9 per cent recorded at the end of 2024.

    Net impairment losses on financial assets grew to N36.2 billion on a quarterly basis, following the group’s banking subsidiary exit from Central Bank ’s loan forbearance programme. This led to a rise in the cost of risk to 2.8 per cent, up from 1.8 per cent in 2024.

    After tax, profit increased by 23 per cent year-on-year, closing at N73.4 billion.

    Each business division contributed to performance. Consumer Finance reported a profit before tax growth of 54.5 per cent, Banking Group reported a profit before tax of 41.3 per cent, and Investment Management recorded a 10 per cent growth. Investment Banking recorded a 48.9 per cent decline due to a one-time gain from a divestment in the previous year. In terms of contribution to PBT, Banking Group accounted for 82 per cent, Consumer Finance, 11.6 per cent, Investment Management, 4.8 per cent, and Investment Banking, 1.4 per cent.

    The group’s balance sheet improved. Total assets rose by 6.9 per cent to N7.54 trillion, up from N7.05 trillion as of December 2024. Loans and advances grew by 1.1 per cent to N2.38 trillion, impacted by currency revaluation, loan write-offs and paydowns, while customer deposits rose by 5.6 per cent to N4.55 trillion.

  • IFC, FCMB partner to empower women entrepreneurs

    IFC, FCMB partner to empower women entrepreneurs

    First City Monument Bank Ltd. (FCMB) has partnered with the International Finance Corporation (IFC) to roll out the Goldman Sachs 10,000 Women course to promote entrepreneurship.

    Goldman Sachs 10,000 Women is a global initiative that helps foster economic growth by providing entrepreneurs around the world with practical education, interactive activities, and instruction by educators from top business schools reaching over 200,000 entrepreneurs.

    Built by Goldman Sachs and delivered through the University of Leeds, 10,000 Women Online education program is open to all SMEs, granting access to all ten courses and eligibility to join the 10,000 Women alumni community. 

    Building on a legacy of empowering women entrepreneurs, FCMB, through its SheVentures initiative has significantly contributed to the empowerment of female entrepreneurs in Nigeria over the last five years. The program has provided zero-interest loans totaling up to N800 million and offered training and mentorship to thousands of women-led SMEs.

    Read Also: FCMB, Dutch bank unveil N20m Agritech scheme for startups

    Yemisi Edun, Managing Director, First City Monument Bank, said: “Empowering women entrepreneurs is essential to driving innovation, job creation, and economic growth. This program will enhance their skills and also unlock new opportunities for their businesses, aligning with our purpose of fostering inclusive and sustainable growth.”

    George Ogbonnaya, FCMB’s Divisional Head of Business Banking, emphasized the bank’s commitment to SMEs, stating that, “the partnership promotes gender equality within the entrepreneurial landscape and will foster sustainable growth for all.”

    Applications for the 10,000 Women Online program opened on August 1, 2025, and will close on August 31,2025 for both start-ups and existing female entrepreneurs across Nigeria.

    Further details and application information are available at https://on.fcmb.com/10000Women.

  • FCMB, FMO unveil N20m agritech programme for startups

    FCMB, FMO unveil N20m agritech programme for startups

    In a bid to foster innovation and sustainability in agriculture, First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development Bank (FMO) have announced the launch of the FCMB–FMO AgriTech Investment Readiness Programme 2025.

    This initiative aspires to identify, support, and finance Nigeria’s most promising agritech startups and Small- to Medium-sized Enterprises (SMEs).

    In collaboration with Heave Ventures, the programme is designed to enhance access to capital while fostering the scalability of innovative agritech businesses. It will feature a competitive grant prize pool of N20 million, awarded to ventures recognised as best positioned for investment. The programme will also include digital learning and fundability scoring through Zimara. This proprietary platform leverages alternative data and established readiness benchmarks to identify bankable ventures.

    Applications for the programme are now open at and will remain accessible from August 8 to September 12, 2025. Following this period, the top twenty startups will participate in an intensive 6-week investment readiness programme, culminating in a pitch presentation to a panel of esteemed funders in October 2025.

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    Divisional Head of Agribusiness & Non-Oil Exports at First City Monument Bank, Mr. Kudzai Gumunyu, said: “This programme is more than providing traditional funding; it is a commitment to nurturing and empowering agritech startups to contribute to the agribusiness landscape and unlock its full potential. It reflects our mission to drive inclusive and sustainable growth through an African-rooted ecosystem that connects people, capital and markets. This initiative will help nurture and prepare these startups for investment opportunities, enhancing their potential to contribute to the agritech landscape in Nigeria’’.

    CEO of Heave Ventures, Abiodun Lawal, expressed his thoughts on the programme’s impact, stating:  “Scaling agribusiness innovation has the potential to revitalise entire value chains — from production to processing to export — creating millions of decent jobs, boosting foreign exchange earnings, and positioning Africa not merely as a consumer but as a vital global food and agricultural technology supplier. Agriculture is a powerful lever in the fight against poverty and unemployment and in achieving food sovereignty. Investing in agribusiness is an investment in the continent’s economic independence, resilience against global challenges, and the dignity of its people. We are delighted by the commitment shown by FCMB and FMO in supporting agritech startups and assisting them in their developmental journey.”

  • FCMB, FMO unveil ₦20m agritech investment for startups

    FCMB, FMO unveil ₦20m agritech investment for startups

    In a bid to foster innovation and sustainability in agriculture, First City Monument Bank (FCMB) and the Dutch Entrepreneurial Development Bank (FMO) have announced the launch of the FCMB–FMO AgriTech Investment Readiness Programme 2025. 

    This initiative aspires to identify, support, and finance Nigeria’s most promising agritech startups and Small- to Medium-sized Enterprises (SMEs).

    In collaboration with Heave Ventures, the programme is designed to enhance access to capital while fostering the scalability of innovative agritech businesses. 

    It will feature a competitive grant prize pool of ₦20 million, awarded to ventures recognised as best positioned for investment. 

    The programme will also include digital learning and fundability scoring through Zimara. This proprietary platform leverages alternative data and established readiness benchmarks to identify bankable ventures.

    Applications for the programme are now open at http://on.fcmb.com/AgricTech-Hackathon will remain accessible from August 8 to September 12, 2025. 

    Following this period, the top twenty startups will participate in an intensive 6-week investment readiness programme, culminating in a pitch presentation to a panel of esteemed funders in October 2025.

    Mr. Kudzai Gumunyu, Divisional Head of Agribusiness & Non-Oil Exports at First City Monument Bank, said: “This programme is more than providing traditional funding; it is a commitment to nurturing and empowering agritech startups to contribute to the agribusiness landscape and unlock its full potential. 

    “It reflects our mission to drive inclusive and sustainable growth through an African-rooted ecosystem that connects people, capital and markets. This initiative will help nurture and prepare these startups for investment opportunities, enhancing their potential to contribute to the agritech landscape in Nigeria’’.

    The CEO of Heave Ventures, Abiodun Lawal, said:”Scaling agribusiness innovation has the potential to revitalise entire value chains — from production to processing to export — creating millions of decent jobs, boosting foreign exchange earnings, and positioning Africa not merely as a consumer but as a vital global food and agricultural technology supplier. 

    “Agriculture is a powerful lever in the fight against poverty and unemployment and in achieving food sovereignty. Investing in agribusiness is an investment in the continent’s economic independence, resilience against global challenges, and the dignity of its people. We are delighted by the commitment shown by FCMB and FMO in supporting agritech startups and assisting them in their developmental journey.”

  • IFC partners FCMB to empower women entrepreneurs

    IFC partners FCMB to empower women entrepreneurs

    First City Monument Bank Ltd. (FCMB) has partnered with the International Finance Corporation (IFC) to roll out the Goldman Sachs 10,000 Women course to promote entrepreneurship.

    Goldman Sachs 10,000 Women is a global initiative that helps foster economic growth by providing entrepreneurs around the world with practical education, interactive activities, and instruction by educators from top business schools reaching over 200,000 entrepreneurs. 

    Built by Goldman Sachs and delivered through the University of Leeds, 10,000 Women Online education program is open to all SMEs, granting access to all ten courses and eligibility to join the10,000 Women alumni community.  

    Building on a legacy of empowering women entrepreneurs, FCMB, through its SheVentures initiative has significantly contributed to the empowerment of female entrepreneurs in Nigeria over the last five years. The program has provided zero-interest loans totaling up to N800 million and offered training and mentorship to thousands of women-led SMEs.

    Managing Director, First City Monument Bank, Yemisi Edun said: “Empowering women entrepreneurs is essential to driving innovation, job creation, and economic growth. This program will enhance their skills and also unlock new opportunities for their businesses, aligning with our purpose of fostering inclusive and sustainable growth.”

    FCMB’s Divisional Head of Business Banking, George Ogbonnaya, emphasized the bank’s commitment to SMEs, stating: “The partnership promotes gender equality within the entrepreneurial landscape and will foster sustainable growth for all.”

    Applications for the 10,000 Women Online program opened on August 1, 2025, and will close on August 31,2025 for both start-ups and existing female entrepreneurs across Nigeria. 

  • FCMB Pensions Limited leads with 5.68% return in July 2025

    FCMB Pensions Limited leads with 5.68% return in July 2025

    Nigeria’s pension industry maintained its steady performance in July 2025, delivering positive returns across all Retirement Savings Account (RSA) fund categories, despite macroeconomic headwinds and tighter financial conditions.

    According to data compiled by Nairametrics Research, all 18 Pension Fund Administrators (PFAs) recorded gains, with FCMB Pensions Limited emerging as the top performer, posting a monthly average return of 5.68%, driven by strong returns across all RSA fund types. The pension system’s average fund growth stood at 4.20% for the month, reinforcing investor confidence in the resilience and stability of Nigeria’s contributory pension scheme.

    RSA Funds Category Performance – July 2025

    The month of July witnessed significant gains across the four RSA categories, with RSA Fund I (the high-risk, high-return category) which delivered the highest average return of 6.30%, driven by higher exposure to variable income instruments.

    RSA Fund II, the default fund for active contributors under 50 years, posted a 5.33% on average return.

    RSA Fund III, targeted at pre-retirees (50+), returned 2.06% gain, while RSA Fund IV, the most conservative fund for retirees, returned 1.47%, in line with its low-risk investment structure.

    Top Performing PFAs in July 2025

    Based on the average percentage change across all RSA fund categories, the following Pension Fund Administrators emerged as the best performers in July 2025:

    FCMB Pensions Limited dominated the chart with an average monthly return of 5.68%, and a standout performance of 7.29% in RSA Fund II, and 4.23% in RSA II.
    Pensions Alliance Limited having an average return of 5.62%. with a strong and consistent performer across all funds, notably 8.89% in RSA Fund I and 7.28% in RSA Fund II.
    Trustfund Pensions Plc, with an average return of 5.48%, posted a remarkable 9.37% gain in RSA Fund I — the highest return among all PFAs in any fund category.

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    Other PFAs with solid performances include:

    Crusader Sterling Pensions Limited: 5.32% average return, led by 6.89% in RSA Fund II and 5.32% in RSA Fund III, the highest in that category.

    Tangerine Apt Pensions: 5.07% average return, with significant gains of 9.10% in RSA I and 6.23% in RSA II.

    AccessARM: 4.99% average return, notable for 8.01% and 5.78% gains in RSA I and RSA II, respectively.

    Leadway Pensure PFA Limited: 4.68% average return, notable for 6.80% and 6.45% in RSA Fund I and II, respectively.

    Fidelity Pension Managers Limited: 4.56% average return, posting consistent returns across all RSA fund types

    Fund category chart leaders – July 2025

    RSA Fund I Performance

    RSA Fund I, designed for aggressive investors, led the charge with an average return of 6.30%. This fund’s performance was driven by strategic allocations to variable income instruments.

    Top 3 Performers:

    Trustfund Pensions Plc – 9.37%
    Tangerine Apt Pensions – 9.10%
    FCMB Pensions Limited – 8.90%

    All 18 participating Pension Fund Administrators (PFAs) recorded positive returns, with NLPC Pension Fund Administrators Limited posting the lowest return at 1.18%.

    RSA Fund II Performance

    RSA Fund II, tailored for contributors under 50 with a medium-risk appetite, posted an average return of 5.33% in July 2025, reflecting steady performance across the category.

    Top 3 Performers:

    FCMB Pensions Limited – 7.29%
    Pensions Alliance Limited – 7.28%
    Crusader Sterling Pensions – 6.89%
    All 18 participating PFAs recorded positive returns.

    RSA Fund III Performance

    RSA Fund III, designed for contributors aged 50 and above, with a 3.18% average return in July 2025, RSA Fund III remained resilient amidst a volatile fixed-income market, securing its position as the third-best performing fund among the four RSA categories.

    Top 3 Performers:

    Crusader Sterling Pensions – 5.32%
    FCMB Pensions Limited – 4.23%
    Pensions Alliance Limited – 3.95%

    RSA Fund IV Performance

    As the most conservative fund for retirees, RSA Fund IV posted a modest 1.99% return in July 2025, making it the lowest-performing category among the four RSA funds.

    Top 3 Performers:

    Crusader Sterling Pensions – 2.88%
    Trustfund Pensions Plc – 2.58%
    AccessARM – 2.48%

    Pension Assets and Portfolio Allocation Review

    As of June 2025, Nigeria’s total pension fund assets stood at N24.63 trillion, according to the National Pension Commission (PenCom) — a 2.17% increase from N24.11 trillion in May.

    A breakdown of the portfolio shows that Federal Government of Nigeria (FGN) securities remain the dominant asset class, accounting for 61.65% of total assets, amounting to N15.19 trillion.

    Corporate debt securities and money market instruments represent 9.19% and 9.08%, respectively.

    Meanwhile, investments in domestic equities rose to N3.08 trillion, or 12.51% of total assets, while mutual funds contributed 0.75%, totaling N183.82 billion.

    RSA Registrations and Fund Distribution

    Total RSA registrations reached 10.79 million as of June 2025, reflecting a 4.01%year-on-year growth.

    The default fund for active contributors, RSA Fund II, remains the largest by NAV with N10.29 trillion, accounting for 41.81% of total assets. RSA Fund III, designed for contributors aged 50 and above, expanded to N6.39 trillion, while RSA Fund IV, catering exclusively to retirees, recorded a moderate 2.14% month-on-month growth, reaching N1.83 trillion.

  • FCMB backs Eko Atlantic housing project with $40m

    FCMB backs Eko Atlantic housing project with $40m

    First City Monument Bank (FCMB) and TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd (TEHC) have collaborated to finance Louisville Phase 1, a tower that will comprise 157 residential apartments, including two and three-bedroom apartments, four-bedroom maisonettes, and five-bedroom penthouses, in Eko Atlantic City, Lagos.

    The Nation learnt that the residential tower is phase 1 of the larger Louisville project, a $150 million mixed-used development that will include a world-class hotel complex, a world-class commercial centre with retail shops, multipurpose halls, high-quality cinemas and a games arcade, state-of-the-art sporting facilities with a gym, swimming pool, and wellness center, and a car park facility to accommodate over 1,400 cars.

    Famed as West Africa’s first integrated urban ecosystem, Louisville Mixed-Use Development proudly holds two prestigious Excellence in Design for Greater Efficiencies (EDGE) certifications from the International Finance Corporation (IFC).

    These accolades, recognised during the Future Cities – Africa Green Building Summit co-hosted by the Green Building Council Nigeria (GBCN), reflect Louisville’s bold commitment to sustainability and best-in-class green building practices.

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    Players in the sector says the development will distinguish itself not only by its ambitious scale and innovative mixed-use structure, but also by its forward-thinking design that embraces smart and eco-conscious living.

    The entire structure will be built to eco-friendly standards, integrating green technologies, smart home systems, and sustainable construction practices aimed at reducing environmental impact while maximising energy efficiency, comfort, and modern luxury.

    TEHC has engaged reputable technical experts with the necessary experience for the project, using a robust selection process to ensure the most qualified and competent contractors were appointed. ITB Nigeria Limited, with a proven track record of successful projects, is leading the technical team as the piling and turnkey EPC contractor for the development.

    FCMB, the sole financier for the development of phase 1, is providing a $40 million facility for residential development. The piling work has been completed, with construction scheduled to be completed in phases over the next 36 months. The project is the bank’s first major international infrastructure collaboration involving a housing cooperative.

    It reflects FCMB’s strategy to expand investment in mixed-use real estate that bridges housing deficits, supports free zone enterprises, and strengthens the urban economy.

    Managing Director and CEO, FCMB,   Yemisi Edun,  said: “This partnership with Total Energies Housing Cooperative Multipurpose Society Ltd is our commitment to finance a project that supports Nigeria’s urban growth. The Louisville Mixed-Use Development supports integrated living and the development of a live, work and play environment that meets global standards in facilities and hospitality. This collaboration reflects FCMB’s strategic focus on real estate to enable job creation and community development.”

    Commenting, Chief Commercial Officer, TEHC,    Oluwakemi Balogun said:”This partnership marks a bold step in global collaboration for urban renewal. We’re proud to work with FCMB to bring to life the first phase of the elite urban ecosystem in Africa.”

    Also, Managing Director of ITB Limited, Ramzi Chidiac said:“Louisville will be a revolution in the developments within Eko Atlantic, Lagos, and Nigeria at large”.

  • FCMB backs TotalEnergies staff housing with $40m loan facility in Eko Atlantic

    FCMB backs TotalEnergies staff housing with $40m loan facility in Eko Atlantic

    First City Monument Bank (FCMB) and TotalEnergies Staff Housing Cooperative Multipurpose Society Ltd (TEHC) have partnered to finance and deliver Louisville Phase 1, a tower that will comprise 157 residential apartments, including two and three-bedroom apartments, four-bedroom maisonettes, and five-bedroom penthouses, in Eko Atlantic City, Lagos.

    This residential tower is phase 1 of the larger Louisville project, a $150 million mixed-used development that will include a world-class hotel complex, a world-class commercial center with retail shops, multipurpose halls, high-quality cinemas and a games arcade, state-of-the-art sporting facilities with a gym, swimming pool, and wellness center, and a car park facility to accommodate over 1,400 cars.

    As West Africa’s first integrated urban ecosystem, Louisville Mixed-Use Development proudly holds two prestigious Excellence in Design for Greater Efficiencies (EDGE) certifications from the International Finance Corporation (IFC). These accolades, recognised during the Future Cities – Africa Green Building Summit co-hosted by the Green Building Council Nigeria (GBCN), reflect Louisville’s bold commitment to sustainability and best-in-class green building practices.

    The development will distinguish itself not only by its ambitious scale and innovative mixed-use structure, but also by its forward-thinking design that embraces smart and eco-conscious living. The entire structure will be built to eco-friendly standards, integrating green technologies, smart home systems, and sustainable construction practices aimed at reducing environmental impact while maximising energy efficiency, comfort, and modern luxury.

    TEHC has engaged reputable technical experts with the necessary experience for the project, using a robust selection process to ensure the most qualified and competent contractors were appointed. ITB Nigeria Limited, with a proven track record of successful projects, is leading the technical team as the piling and turnkey EPC contractor for the development.

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    FCMB, the sole financier for the development of phase 1, is providing a $40 million facility for residential development. The piling work has been completed, with construction scheduled to be completed in phases over the next 36 months.

    The project is the bank’s first major international infrastructure collaboration involving a housing cooperative. It reflects FCMB’s strategy to expand investment in mixed-use real estate that bridges housing deficits, supports free zone enterprises, and strengthens the urban economy.

    Yemisi Edun, Managing Director and CEO, FCMB, Yemisi Edun, said: “This partnership with Total Energies Housing Cooperative Multipurpose Society Ltd is our commitment to finance a project that supports Nigeria’s urban growth. The Louisville Mixed-Use Development supports integrated living and the development of a live, work and play environment that meets global standards in facilities and hospitality. This collaboration reflects FCMB’s strategic focus on real estate to enable job creation and community development.”

    Chief Commercial Officer, TEHC, Oluwakemi Balogun said:”This partnership marks a bold step in global collaboration for urban renewal. We’re proud to work with FCMB to bring to life the first phase of the elite urban ecosystem in Africa.”

    Ramzi Chidiac, Managing Director of ITB Limited, said:“Louisville will be a revolution in the developments within Eko Atlantic, Lagos, and Nigeria at large”.

  • FCMB rewards 3,016 customers in millionaire promo

    FCMB rewards 3,016 customers in millionaire promo

    First City Monument Bank (FCMB) has rewarded 3,016 customers in Season 10 of its ongoing Millionaire Promo.

    So far, 12 customers have won the top prize of ₦1 million each, while 3,004 others have received different cash rewards.

    The winners were selected through electronic draws held between January and June, ensuring broad participation. The promo is open to new and existing savings account holders and ends in September.

    During the fifth draw held on June 17, four additional customers won the star prize of ₦1 million each, with 112 others also receiving cash prizes. The latest millionaires include Ranti Badmos from Lagos, Wilson Onoezikome in Kaduna, Esther Obafemi in Ijebu-Ode, Ogun State, and Israel Oruma in Asaba, Delta State.

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    Israel Oruma, a timber merchant, expressed his delight at winning, saying the prize would significantly support his business.

    “This is a pleasant surprise. I have been facing financial challenges recently. The ₦1 million will go a long way in assisting me. I’m investing it in my business and will encourage all my staff, family, and friends to open an account with the Bank. Thank you, FCMB.”

    Adetunji Lamidi, Divisional Head of Personal Banking at FCMB, said the Millionaire Promo reflects the bank’s broader mission to enable financial security and opportunity for everyday Nigerians.

    “At a time when many are facing economic pressure, savings-driven initiatives like this shift the focus from getting by to making progress. It gives people a reason to save, rewards loyalty, and shows that banking helps create real-life impact.”

    Speaking on the integrity of the selection process, Oyinkan Kusamotu, Principal Legal Officer at the Lagos State Lottery and Gaming Authority, stated:”It’s great to witness FCMB’s commitment to compliance, fairness, and transparency throughout the draw process, which builds trust with customers and stakeholders.”

    To qualify for Season 10 of the FCMB Millionaire Promo, customers must increase their account balance by at least ₦10,000 and maintain it for 30 days to enter the monthly and seasonal draws.

    Each additional ₦10,000 saved increases the customer’s chances of winning. Dormant or inactive account holders can also participate by reactivating their accounts. Draws are held nationwide, giving everyone a fair opportunity to win.

  • Enactus honours FCMB for youth-led social impact

    Enactus honours FCMB for youth-led social impact

    First City Monument Bank (FCMB) has been honoured with the Changemaker Collaboration Award by Enactus Nigeria for its support in helping young Nigerians grow as leaders, entrepreneurs, and change-makers.

    The award was presented in Lagos on July 3, 2025, at the 25th Anniversary Gala and Awards ceremony of Enactus Nigeria. The body empowers young leaders to drive social and economic change through innovative projects and is in over 30 tertiary institutions nationwide.

    Country Manager of Enactus Nigeria Michael Ajayi commended FCMB’s consistent support and corporate vision, saying:

    He said: “FCMB’s unwavering commitment to the Enactus movement has gone beyond sponsorship—it is a true collaboration rooted in shared values of innovation, inclusion, and youth empowerment. The bank’s belief in the potential of Nigerian students has helped us deliver measurable impact in dozens of communities. FCMB has shown what it means to be a changemaker, not just in word, but in action.”

    FCMB reaffirmed its commitment to capacity building, innovation, and sustainable development. , Head of CSR and Sustainability, Omoniyi Iyanda, who represented the bank, said:  

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     “We are honoured to receive this recognition from Enactus Nigeria, an organisation whose work aligns with FCMB’s purpose of fostering inclusive and sustainable growth. Our partnership with Enactus reflects our belief in young Nigerians as catalysts for economic transformation. By equipping them with skills, resources, and a platform to lead social change, we are building a future where innovation drives prosperity for all.”

    Over the years, FCMB has played a key role in helping Enactus Nigeria expand its impact across tertiary institutions by providing students with the tools, training, and support they need to develop innovative solutions to real community challenges. 

    Through the annual Enactus Challenge, the Bank has supported students in discovering their potential and turning their ideas into practical, visible projects that drive sustainable development. These projects span clean energy, agribusiness, financial literacy, and gender equality.