FCMB, led by Nigerian banker Ladi Balogun, expects Q1 earnings to top $40 million
FCMB, led by Nigerian banker Ladi Balogun, forecasts Q1 2026 profit to reach $44 million amid strong banking growth.
Ladi Balogun
FCMB led by Nigerian banker Ladi Balogun gains approval for $274 million raise
FCMB Group secures shareholder approval for a $274 million capital raise as Ladi Balogun moves to meet CBN recapitalization rules.
Nigerian banker Ladi Balogun leads FCMB to $570 million gross earnings in 9 months
FCMB posts $570 million in nine-month earnings under Ladi Balogun, driven by strong interest income and rising profit.
Ladi Balogun leads FCMB to $157 million gross earnings in Q1 2025
FCMB Group, led by Ladi Balogun, reported strong Q1 2025 results with gross earnings of $157 million, solidifying its position among Nigeria’s top financial institutions.
FCMB Group secures $95.2 million in oversubscribed public offer
The bank issued 19.8 billion new shares, priced at N7.3 ($0.005) each, bringing in over 39,000 new investors—underscoring rising interest in the bank.
FCMB forecasts $141.83 million revenue for Q1 2025, targets $19.56 million profit
The bank targets diversified revenue growth, strong cash inflow, and operational efficiency in its Q1 2025 outlook.
FCMB Group reports $51.4-million profit, driven by strong revenue growth
FCMB Group posts a 68-percent increase in profit after tax for Q3 2024, fueled by robust growth in interest income, fee-based income, and strategic cost control.
Nigerian banker Ladi Balogun-led FCMB Group completes initial phase of capital raise
This move is aimed at strengthening the bank's financial foundation and supporting its expansion within Africa's financial markets.
