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Sterling Bank mulls holding company structure

Three banks currently operate under holding company structure including First City Monument Bank (FCMB) Plc, First Bank of Nigeria (FBN) Plc and Stanbic IBTC Bank Plc. Ecobank Transnational Incorporat... read more

FCMB, Sterling Bank extol Punch chairman’s legacies

The First City Monument Bank and Sterling Bank Plc have eulogised the late Chairman of Punch Nigeria Limited, Mr. Gbadebowale Aboderin, stating that he will be remembered for his legacies. The Managin... read more

Monument bank, trust company complete 2½-year management transition as founders retire

Integrity Bank and Integrity Trust Co. completed a 2½-year management transition Tuesday as founders Jim Wyss and Randy Rush retired and Brett Wyss, who had headed the bank's lending division and is t... read more

CBN report outlines banks’ deposit, lending rates

The CBN’s data showed that Unity Bank pays the highest average interest rate of 16 per cent per annum to depositors on time deposit, while GTBank pays the lowest of 7.13 per cent to time depositors. F... read more

Revere Bank set to grow with acquisition of Monument

The community bank announced Tuesday it is purchasing Monument Bank in Rockville for $65.1 million in a deal that would create the fourth-largest bank headquartered in Maryland. The combined bank woul... read more

EFCC re-arraigns Orji Kalu, raises charges to 39 counts

Mr Kalu was alleged to have used his company, Slok Nigeria Ltd., to retain N200 million in an account in First Inland Bank, now First City Monument Bank. The sum is alleged to have formed part of fund... read more

Islamic Banking Products and Challenges in Nigeria

in 2013 and 2014 through Jaiz bank and the conventional bank known as the First City Monument Bank. According to Dogarawa, funds meant to be used for Shariah-compatible investments are expected not to ... read more

Forex crisis: Fitch downgrades 10 Nigerian banks

Fidelity Bank Plc, First City Monument Bank Limited, and Union Bank of Nigeria Plc have been downgraded to ‘B-’ from ‘B’, in line with their stand-alone creditworthiness as defined by their Viability ... read more

Nigeria: FCMB Deploys E-Learning Portal for Human Capital Development

In its drive for world class standards in service efficiency and delivery, First City Monument Bank Plc (FCMB) has successfully deployed a highly revolutionary computer based online integrated trainin... read more

Police ask community to help identify Monument bank robber

The El Paso County Sheriff's Office is asking the public for help in identifying a man who robbed Peoples Bank in Monument on Monday. "The same Peoples Bank was robbed on May 24 of this year," the she... read more