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The entity from which the bank was founded City Securities Limited, was established in 1977 by Oloye Subomi Balogun, the Otunba Tunwashe of Ijebu, a Yoruba traditional aristocrat. First City Merchant Bank was incorporated as a private limited liability company on 20 April 1982 and granted a banking licence on 11 August 1983. It was the first bank to be established in Nigeria without government or foreign support. In 2001, the name of the bank was changed from First City Merchant Bank to First City Monument Bank following the bank’s transformation to a universal bank On 15 July 2004, FCMB changed its status from a private limited liability company to a public limited liability company and was listed on the Nigerian Stock Exchange (NSE) by introduction on 21 December 2004.
In November 2010, both FinBank and First City Monument Bank (FCMB) announced that FCMB has expressed interest in acquiring shareholding and become the strategic investor in FinBank, another Nigerian commercial bank that was undercapitalized. In February 2012, following regulatory approval, FCMB acquired 100% shareholding and began the integration of Finbank in its existing operations
It’s the second online Youth Entrepreneurship Masterclass and we are excited about it. Join Pamilerin Adegoke, Creative Head, ThePamilerin Media, as he discusses “My Hustle, My Grind”.
It promises to be an enlightening session packed full of practical tips and lots of CASH PRIZES will be won.
Please see details below:
Date: June 25
Time: 1:00- 2:00pm
How to Join FCMB Youth Entrepreneurship Masterclass.
It’s going to be a fantastic session. Click the link below to register for FREE.
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