Connect with us


First City Monument Bank (FCMB) Sort Codes Across Nigeria



  • First City Monument Bank (FCMB) Sort Codes and Branches

A Sort Code identifies both the bank and the branch where an account is domiciled. A sort code is a 9-digit number with the first 3 digits identifying the bank’s code, while the next digit represents the location and the last 5 digits tell the branch.

Below is the complete list of First City Monument Bank (FCMB) sort codes and branches across Nigeria.

1 214010077 UYO
2 214010022 EKET
3 214010051 ORON ROAD UYO
5 214010035 IKOT ABASI
6 214010048 IKOT EKPENE
8 214020012 ONITSHA
9 214030028 GOMBE
10 214030015 BAUCHI
11 214040012 BENIN
12 214040021 BENIN AKPAPAKPA
13 214040034 EFFURUN ROAD
14 214040063 BENIN UGBOWO
15 214050011 MAKURDI
16 214050037 LAFIA
17 214060014 MAIDUGURI
18 214060027 DAMATRU
19 214060030 POTISKUM
20 214070017 CALABAR, CALABAR RD
21 214070020 IKOM
22 214080023 ABUJA GARKI
24 214080036 AREA 3
25 214080049 MAITAMA FEDSEC
26 214080078 LOKOJA
27 214080081 WUSE 2
28 214080094 OBAJANA
29 214090013 WARRI
30 214090026 ASABA
31 214090039 YOLA
32 214090026 JALINGO
33 214100013 ABA
34 214100026 ABA FAUKS RD
35 214100042 UMUAHIA
36 214100055 OWERRI
37 214110029 KADUNA 2
39 214110032 ZARIA
40 214120019 KANO
41 214120022 BELLO RD
42 214120048 DUTSE
43 214130012 KATSINA
44 214140015 ILORIN
45 214150018 HEAD OFFICE
46 214150021 VICTORIA ISLAND
47 214150225 APAPA 1
48 214150047 IKEJA
49 214150050 IDUMAGBO
50 214150092 IPONRI
51 214150076 ADEOLA ODEKU
52 214150063 ALABA
53 214150089 AWOLOWO
54 214150209 ALAGBADO
55 214150173 ALLEN
56 214150403 OKE ARIN 2
57 214150102 OTTA
58 214150131 AJAH
59 214150270 AKUTE
60 214150160 IDUMOTA
61 214150186 BROAD STREET
62 214150306 AIRPORT RD
64 214150283 IKORODU
65 214150212 IKEJA MOTORWAY
66 214150296 OJO
67 214150429 EKWULOBIA
68 214150241 SANUSI FAFUNWA
69 214150364 MUSHIN
70 214150351 AKOWONJO
72 214150128 IKEJA OGBA
73 214150115 YABA  OJUELEGBA
74 214150380 THE PALMS
75 214150393 MATORI
76 214150416 LEKKI 2
77 214150445 TINCAN
78 214150458 KETU
79 214150461 ADEOLA HOPEWELL
80 214150487 AGEGE
81 214150474 AGBARA
82 214150490 ORILE
83 214150500 MACARTHY
84 214150513 SHOMOLU
85 214150526 IDIMU
87 214160011 MINNA
88 214170014 IJEBU ODE
89 214170027 ABEOKUTA
90 214170043 AGO IWOYE
91 214170030 SAGAMU
92 214170056 IJEBU IGBO
93 214180017 AKURE
94 214180020 ADO EKITI
95 214180046 OWO
96 214180059 ORE
97 214180062 IGBOKODA
98 214190023 IBADAN(GBAGI)
99 214190023 BODIJA
100 214190036 OSOGBO
101 214190049 UCH
102 214190052 ILESHA
103 214190065 SHAKI
104 214190081 OJOO
105 214210013 PORT HARCOURT
106 214210026 OLU OBASANJO WAY
107 214210039 YENEGOA
109 214210068 IKWERRE ROAD
110 214210042 TRANS AMADI
111 214210071 OYIGBO(PH)
112 214210084 ABULOMA
113 214210097 AGRREY ROAD
114 214220010 JOS
115 214220016 BIRNI KEBBI
116 214220029 GUSAU
117 214220032 SOKOTO
118 214250028 ONITSHA NEW MARKET
119 214250015 ENUGU
120 214250028 GARDEN AVENUE
121 214250044 AWKA
122 214250060 ABAKALIKI
123 214250028 NNEWI
124 214150568 MARINA

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.

Banking Sector

Ecobank Partners NiDCOM to Mobilise Nigerians Abroad for National Development




In a bid to fulfill it’s objectives and mandate, the Pan African Bank has promised to support Nigerians living and working abroad through it’s partnership with NiDCOM.

The Managing Director, Ecobank Nigeria, Patrick Akinwuntan has stated that the bank is privileged to work closely with the Nigerians in Diaspora Commission, (NiDCOM) and will continue to pursue one of its key mandates of helping to enhance the economic development and integration of Africa through its support to Nigerians living and working abroad.

Speaking at the maiden edition of the Diaspora Quarterly Lecture Series with Ecobank as the sole banking partner which took place on Saturday, 8th May 2021, he noted that Ecobank remains a critical bridge for Nigerians abroad, as it has made huge investments in the necessary platforms to enable them connect with home seamlessly. The event held online and had over 2000 participants from across all the continents in attendance.

“Nigerians in the diaspora play a major role in nation building, their contribution goes a long way to catalyse economic development. For us at Ecobank, we are a pan-African institution positioned to foster the economic growth and integration of our continent, so we are particularly pleased to work closely with the Nigerians in Diaspora Commission (NiDCOM), ably led by the Chairman/CEO, Hon Abike Dabiri-Erewa”.

“We are committed to ensuring that every Nigerian living abroad is able to remit home seamlessly and affordably, access viable investment opportunities and as the financial institution of choice for Nigerians abroad, we have deployed the necessary resources to actualise this.” He stated.

The Minister of Interior, Ogbeni Rauf Aregbesola, who was also present, reiterated the readiness of the government to collaborate with Nigerians in the diaspora, highlighting the new processes put in place to facilitate passport issuance, noting that all backlog of passport applications would be cleared by the end of May 2021.

Also speaking, the Hon. Minister of State, Foreign Affairs Amb. Zubairu Dada said harnessing the human capital and material resources of Nigerians in the diaspora towards the socio-economic, cultural, and political development of Nigeria can no longer be ignored. He pointed out that the Nigerian diaspora community is well educated, resourceful, skilled, and exposed to global best practices.

The NiDCOM Chairman/CEO, Hon. Abike Dabiri- Erewa explained that the Diaspora Quarterly Lecture Series is projected to be a major aspect of national discourse, where Nigerians abroad can be kept abreast of the government’s policies, programmes and projects.

Continue Reading


Increase in Price Boosts Revenue of Dangote Sugar by 41.5 Percent in Q1 2021



Dangote Sugar - Investors King

Revenue of Dangote Sugar Refinery Plc rose by 41.5 percent to N67.394 billion in the first quarter (Q1) of 2021 from N47.643 billion recorded in the same quarter of 2020.

According to the leading sugar manufacturer, the increase in revenue was a result of the increase in the price of sugar in the first quarter. The company claimed price adjustment was necessary to mitigate the negative effect of inflation and depreciation on the company.

Volumes only rose by 5.7 percent during the quarter despite a 41.5 percent increase in revenue, meaning the increase in price was the main sales catalyst.

In the company’s unaudited financial statements, gross profit grew from N12.721 billion in Q1 2020 to N18.044 billion in Q1 2021.

Similarly, operating profit stood at N15.884 billion, up from N10.747 billion posted in Q1 2020.

Finance cost more than double from N1.353 billion in Q1 2020 to N3.412 billion in Q1 2021.

Dangote Sugar’s profit before tax rose from N9.509 billion recorded in the corresponding quarter to N11.949 billion in the quarter under review.

The company paid N3.646 billion in income tax, slightly higher than N3.137 paid in the same quarter of 2020.

Profit for the period grew from N6.372 billion in Q1 2020 to N8.302 billion in Q1 2021.

Commenting on the company’s performance, Dangote Sugar said “EBITDA increased by 34.7% to N17.02 billion (2020: N12.64 billion) on account of increased earnings. Group profit after taxation for the period increased by 30.3% to N8.30 billion (2020: N6.37 billion) reflecting management’s unrelenting drive to deliver consistent shareholder value.”

On price increase, the company hinged it on series of devaluation carried out in 2020 by the Central Bank of Nigeria (CBN), escalating inflation, port congestion and rising in price of global sugar. Dangote Sugar said its imported raw sugar from Brazil under Federal Government’s backward integration plan.

We have continued to witness high cost of raw materials, energy costs and other input costs due to rising inflation and FX rate fluctuation. Further cost escalation is anticipated in the year as inflationary pressure mounts,” the company said.

Continue Reading


FBN Holdings Suffers 39 Percent Drop in Profit to N15.6 Billion in Q1 2021



FBN Holdings - Investors King

FBN Holdings Plc profit after tax declined by 39 percent from N23.140 billion recorded in the first quarter (Q1) of 2020 to N15.6 billion in the first quarter of 2021.

In the leading financial institution’s unaudited financial statements released through the Nigerian Exchange Limited, gross earnings declined by 14.5 percent to N137 billion in the period under review, down from N160 billion filed in the previous quarter.

Similarly, net interest income declined from N60.253 billion achieved in Q1 2020 to N52.793 billion.

Net interest income after impairment charge for losses also dipped from N50.547 billion in Q1 2020 to N39.619 billion in Q1 20201. While net fee and commission income rose from N20.773 billion in Q1 2020 to N28.427 billion in Q1 2021.

Profit before tax declined by 34 percent to N18.906 billion in the quarter under review, down from N28.680 billion posted in the corresponding quarter of 2020.

FBN Holdings paid N3.285 billion in income tax in the first quarter of 2020.

Therefore, profit for the period stood at N15.621 billion. While Net Assets contracted from N765.2 billion to N764.8 billion.

Continue Reading