Business
FCMB Group H1 2025 Results Show Strong Profit, Digital Growth
FCMB Group H1 2025 results reveal a 23% rise in pre-tax profit to N79.3bn and a 60% surge in digital income, highlighting strong performance across business segments
FCMB Group H1 2025 results have reaffirmed the financial institution’s strong trajectory, with a pre-tax profit of ₦79.3 billion, representing a 23% year-on-year increase.
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This growth was largely driven by improved net interest income, higher asset yields, and robust digital expansion.
The Group’s gross revenue for the period rose to ₦529.2 billion, up from ₦374.5 billion in H1 2024 a 41.3% increase, fueled primarily by a 70.3% rise in interest income.
Net interest income nearly doubled to ₦207.4 billion, while net interest margin (NIM) climbed to 9.1%, up from 6.3% in the previous year, reflecting improved deposit mix and effective capital deployment.
Despite a 35.1% decline in non-interest income due to lower currency revaluation gains, digital revenue grew by 60%, reaching ₦73.6 billion. Digital services now contribute 13.9% to total earnings a testament to FCMB’s digital-led strategy.
Key Performance Highlights:
Operating expenses rose 46.1% to ₦153.2 billion, largely due to inflation, tech costs, and personnel expenses.
Cost-to-income ratio improved to 57%, down from 59.9%.
Impairment losses surged to ₦36.2 billion, pushing cost of risk to 2.8%, following the exit from CBN’s loan forbearance programme.
Profit after tax grew 23% YoY to ₦73.4 billion.
Segment Contributions:
Banking Group: 82% of Group PBT, up 41.3%.
Consumer Finance: 11.6% of PBT, up 54.5%.
Investment Management: 4.8% of PBT, grew 10%.
Investment Banking: 1.4% of PBT, down 48.9% due to one-time gain in 2024.
Balance Sheet & Capital:
Total assets: ₦7.54 trillion, up 6.9%.
Customer deposits: ₦4.55 trillion, up 5.6%.
Loans and advances: ₦2.38 trillion, up 1.1%.
Low-cost deposits now make up 69.3% of total deposits, up from 57.5%.
Assets under management: ₦1.58 trillion, up 15.5%.
Capital raised for clients by investment banking grew by over 600% to ₦2.97 trillion.
Following a successful ₦144.6 billion capital raise in 2024, the CBN has now verified the second tranche a ₦22.5 billion mandatory convertible note which increases issued shares to approximately 42.8 billion.
Ongoing phases aim to meet minimum capital requirements for maintaining an international banking license.
Also read: Wema Bank’s H1 2025 Results Reveal Exceptional 231% Profit Growth, Setting New Industry Standards
FCMB remains optimistic, aiming to exceed its NIM guidance, deepen digital transformation, improve operational efficiency, and sustain strong earnings momentum through H2 2025.
The Niger Delta Chamber of Commerce, Industry, Trade, Mines and Agriculture (NDCCITMA) has dismissed allegations that it appropriated the Niger Delta Economic & Investment Summit (NDEIS) brand, insisting it lawfully obtained trademark acceptance for the name and will proceed with its 2026 summit as scheduled.
In a statement issued on September 12, 2026, the chamber described claims by Kunle Nwiwa Junior as “cheap blackmail, misleading, mischievous and a misrepresentation of the facts,” maintaining that it independently developed the summit and followed all required regulatory procedures.
According to NDCCITMA, it applied for and received a Trademark Acceptance Letter for the name Niger Delta Economic & Investment Summit (NDEIS) in August 2025 under File No. NG/TM/O/2025/387284.
The chamber said the chronology of events contradicts allegations that it copied another party’s application, arguing that its trademark acceptance predated the period during which Nwiwa’s own application was reportedly still pending before the relevant authorities.
“Economic Summit” is a generic expression
NDCCITMA further argued that the phrase “Economic Summit” is a generic description widely used for conferences that bring together governments, investors, businesses, development institutions and other stakeholders to discuss investment and economic development.
The chamber maintained that while concepts may be widely used, legal protection only arises from recognised intellectual property rights, including duly registered trademarks and other enforceable proprietary interests.
It therefore rejected suggestions that any individual or organisation has exclusive ownership of the broader concept of an economic summit.
Court grants interim injunction
Addressing reports that the summit had been halted, NDCCITMA said the dispute is already before the Federal High Court in Port Harcourt and that there is no court order restraining the event.
The chamber disclosed that in Suit No. FHC/PHC/CS/57/2026, Justice Stephen Dalyop Pam granted an interim injunction restraining the defendants—Kunle Nwiwa Junior and Keneva Consult Ltd.—from interfering with the planned summit.
According to NDCCITMA, the court also directed the defendants to remove publications, notices, petitions, social media posts and other statements allegedly considered damaging to the chamber’s name, integrity and reputation pending the hearing of its motion for interlocutory injunction.
The matter has been adjourned until September 22, 2026 for further hearing.
Chamber rejects ₦500 million demand claim
NDCCITMA also alleged that it had received a demand from Nwiwa Junior requesting ₦500 million as a condition for abandoning his claims over the summit.
The chamber said the demand was rejected, adding that it subsequently petitioned the Inspector-General of Police over what it described as repeated harassment and threats directed at its officials.
It said the petition sought police intervention, including inviting the complainant for questioning and caution where necessary.
Summit opens September 15
Despite the legal dispute, NDCCITMA reaffirmed that the 2026 Niger Delta Economic & Investment Summit will hold from September 15 to 17, 2026, at the Obi Wali Conference Centre in Port Harcourt, Rivers State.
The summit will be held under the theme “Driving Investment, Innovation & Industrial Growth in the Niger Delta” and is expected to bring together policymakers, investors, business leaders, development partners and industry stakeholders to discuss economic transformation across the region.
The chamber said it remains committed to promoting commerce, industry, trade, mining, agriculture and sustainable economic development throughout the Niger Delta while allowing the courts to determine all outstanding legal issues.
Tinubu Niger Delta summit opens in Port Harcourt as investors and policymakers gather to drive investment, innovation and industrial growth
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