Tag: FCMB

First City Monument Bank (FCMB) has kicked off the 10th season of its popular “Millionaire Promo,” a campaign designed to reward and empower customers across Nigeria.

During the nationwide promotion, 20 customers will win N1 million each, while hundreds more will receive cash prizes ranging from ₦20,000 to ₦100,000. The promotion runs until September 2025, with thousands of customers expected to benefit. 

In the last season, FCMB awarded 2,310 customers cash prizes and 14,780 consolation prizes, totalling 17,080 winners. The Promo remains inclusive. It is open to new and existing savings account holders, with scheduled draws nationwide to ensure widespread participation.

Adetunji Lamidi, Divisional Head of Personal Banking at FCMB, highlighted Millionaire Promo’s role in deepening customer engagement and reinforcing the bank’s commitment to financial security. He stated that the promotion rewards and empowers customers to achieve their financial goals. “The FCMB Millionaire Promo has become a meaningful way to reward customer loyalty and encourage savings. We are excited to see winners emerge this season from cities and towns across Nigeria.”  

To qualify, customers must increase their account balance by at least N10,000 and maintain it for 30 days to enter the monthly and seasonal draws. Additional increments of N10,000 will boost a customer’s chances of winning.

Several past winners shared their experiences. Thompson Akinnodi, from Ondo State, said, “The FCMB Millionaire Promo shows the bank keeps its promises.” Akinnodi used his cash prize to support his children’s education and holiday celebrations.

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Port Harcourt-based businessman Onuoha Harol described his win last year as a “fantastic Christmas gift.” He invested his prize in his block and real estate business. Similarly, Lagos resident Omoye Oyakhire used her prize money to expand her poultry farm.

Another past winner, Tanimu Suleiman, expressed his surprise at winning the FCMB Millionaire Promo. I never believed in this until FCMB called me about winning ₦1 million. The money will be invested in my business,” he said, encouraging others to bank with FCMB and adding that “the bank attends to customers’ needs very well.”

First City Monument Bank (FCMB) Executive Management, led by the Managing Director, Mrs. Yemisi Edun, engaged customers directly last week, during the 2024 celebration of customer service week, listening to their concerns and feedback. This frontline approach is the culture at FCMB and it affirms the bank’s commitment to exceptional customer service. 

Other customer-centric initiatives by the bank last week include: 

• ⁠Special outreach to valued customers 
• Treats for children with kiddie accounts 
• 10% bonus on airtime purchased via USSD and mobile platforms 

 “This direct engagement helps us understand and address customer concerns,” Mrs. Edun said. 

 FCMB’s customer-focused strategy fuels continuous improvement.

SheVentures, powered by First City Monument Bank (FCMB), is breaking barriers by offering interest-free loans to female entrepreneurs in Nigeria. The interest-free loan targets women in the export and agricultural sectors, two crucial areas for the country’s economic development. With a holistic approach that includes financial assistance, training, and mentorship, FCMB is paving the way for a more inclusive and dynamic entrepreneurial landscape.

“Our revamped zero-interest loan offering is tailored to offer sustainable benefits. It marks another milestone in our commitment to empower Nigerian businesswomen to contribute more to export trade, agribusiness, and the economy,” said Yemisi Edun, Managing Director of FCMB.

She added that “the enhanced intervention is part of our Export Readiness Programme aimed at supporting women in the SME ecosystem to scale beyond their local markets by connecting them with other businesses globally and leveraging the vast opportunities of globalisation.”

Nnenna Jacob-Ogogo, Head of SheVentures, described the zero-interest loan offering as a game-changing opportunity for female entrepreneurs.

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“SheVentures addresses a critical need, as 52% of women-led firms identified lack of access to funding as a major constraint. We are passionate about empowering female entrepreneurs, helping them build their businesses, and improving the overall success rate of women-owned or run businesses. We urge them to take advantage of this opportunity,” she stated.

A recent National Bureau of Statistics (NBS) report revealed that women comprise 49.2% of Nigeria’s adult population. The report also showed that over 41 million SMEs operate in Nigeria, of which women own 40%. Women’s businesses are expected to create about 10 million jobs in the next five years, contributing significantly to the country’s economy. This underscores women’s vital role in Nigeria’s economic growth if funding, capacity building, networking, and other opportunities are provided.

Over the past five years, FCMB SheVentures has significantly impacted the female economy through various initiatives. The bank has offered nearly N780 million in zero-interest loans to 334 women-owned SMEs nationwide since 2019. It has also provided thousands of female entrepreneurs free training, mentorship, and capacity-building support, underscoring FCMB’s commitment to uplifting businesses.

First City Monument Bank, a member of FCMB Group Plc, is dedicated to fostering inclusive and sustainable growth within its communities by building a supportive ecosystem rooted in Africa, primarily Nigeria, and connecting people, capital, and markets.