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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Odu’a Investment Acquires 10% Stake in FCMB Pensions
Odu’a Investment Company Limited has acquired a 10 per cent minority equity stake in FCMB Pensions Limited, a subsidiary of FCMB Group Plc, in a move to strengthen its presence in Nigeria’s pension sector. The company said the transaction followed regulatory approvals from the National Pension Commission and the Central Bank of Nigeria, while the…
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Nigeria Records $96bn Crypto Transactions – SEC
Nigeria’s digital finance ecosystem recorded approximately $96 billion in cryptocurrency and virtual asset transactions, according to the Director-General of the Securities and Exchange Commission, Emomotimi Agama. Agama disclosed this during a stakeholders’ engagement session organised by the Federal Ministry of Finance in Abuja, noting that the scale of activity underscores the need for stronger regulatory…
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Nigeria to Adopt T+1 Settlement Cycle in Capital Market
Nigeria’s capital market will transition to a T+1 settlement cycle from May 29, 2026, in a move aimed at improving efficiency and aligning with global standards. The change was announced by the Central Securities Clearing System, the clearing and settlement arm of the Nigerian Exchange Group. Under the new framework, all securities transactions will be…
