Capital Market
FCMB Group Forecasts ₦58.8 Billion Profit for Q4 2025, Signals Strong Year-End Performance
FCMB Group Plc has released its earnings and cash flow forecast for the fourth quarter ending December 31, 2025, projecting a robust profit after tax of ₦58.82 billion. The group anticipates gross earnings of ₦265.2 billion, driven primarily by interest income of ₦231.8 billion. After accounting for interest expenses of ₦116.08 billion, net interest income is expected to reach ₦115.76 billion.
Additional revenue streams include ₦3.72 billion from foreign exchange earnings, ₦4.38 billion from securities trading, and ₦20.43 billion in transaction commissions. Net operating income is forecasted at ₦149.12 billion, with loan losses estimated at ₦14.12 billion and operating expenses at ₦69.13 billion. This positions the group for a profit before tax of ₦65.87 billion, with a projected tax charge of ₦7.05 billion.
On the cash flow front, FCMB expects to generate ₦109.08 billion from operating activities, following adjustments for working capital and taxes. Financing activities are forecasted to result in a net outflow of ₦1.82 billion, while investing activities are expected to contribute ₦71.32 billion. The group anticipates a net increase in cash and cash equivalents of ₦178.57 billion, bringing its quarter-end cash position to ₦852.91 billion, up from ₦674.34 billion at the start of the quarter.
The forecast underscores FCMB’s confidence in its operational resilience and strategic positioning as it closes out the financial year.
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Apple’s “Campos” AI Chatbot Set to Replace Siri in Major Overhaul
Apple is gearing up for one of the most significant changes to its artificial intelligence strategy in years. The tech giant plans to replace Siri with a fully integrated AI chatbot, codenamed “Campos,” which will be built directly into iPhones, iPads, and Macs later this year. The move signals Apple’s intent to compete more aggressively…
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Nigerian Exchange Ends Thursday Mixed as Trading Volume Falls
The Nigerian Stock Exchange (NGX) closed Thursday, January 29, 2026, with a modest uptick in its benchmark indices, even as market activity experienced noticeable declines compared to the previous session. By the end of trading, a total of 550,402,871 shares changed hands across 38,635 deals, representing a market value of ₦14.14 billion. This marked a…
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Access Bank Sets Agenda for Africa Trade Conference 2026
Access Bank Plc has positioned the 2026 Africa Trade Conference (ATC) as a strategic platform to advance Africa’s role in global trade, facilitate policy dialogue, and deepen partnerships between African and international markets. Group CEO Roosevelt Ogbonna said the conference, themed “Turning Vision into Velocity: Building Africa’s Trade Ecosystem for Real-World Impact,” will gather leaders…