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First City Monument Bank (FCMB) Sort Codes Across Nigeria

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FCMB
  • 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.

S/N SORT CODES  BRANCHES
1 214010077 UYO
2 214010022 EKET
3 214010051 ORON ROAD UYO
4 214010064 WELLINGTON BASSEY (UYO)
5 214010035 IKOT ABASI
6 214010048 IKOT EKPENE
7 214010019 STATE HOUSE OF ASSEMBLY UYO
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
23 214080023 OGBOMOSHO STREET
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
38 214110016 KADUNA AHMADU BELLO WAY
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
63 214150034 COMMERCIAL ROAD APAPA
64 214150283 IKORODU
65 214150212 IKEJA MOTORWAY
66 214150296 OJO
67 214150429 EKWULOBIA
68 214150241 SANUSI FAFUNWA
69 214150364 MUSHIN
70 214150351 AKOWONJO
71 214150377 ADENIRAN OGUNSANYA SURULERE
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
86 214150555 ADETOKUNBO ADEMOLA
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
108 214210055 MIDAS PORT-HARCOURT
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 Investing.com, with over a decade experience in the global financial markets.

Finance

States Debt Rises by 163 Percent -BudgIT

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Naira

Debts of All 36 States Rise by 163 Percent or N3.34 Trillion to N5.39 trillion Between 2014 and 2019

Debts continue to rise across the 36 states of the Federation, according to a recent report by BudgIT, a public sector-focused financial information house.

In the just released 2020 edition of its annual state of states report titled, “Fiscal Sustainability and Epidemic Preparedness Financing at the State Level”, BudgIT said debts rose by 162.87 percent or N3.34 trillion from N2.05 trillion in 2014 to N5.39 trillion in 2019 across the 36 states.

The report stated that 10 of the states incurred half or N1.68 trillion of the entire debt, adding that seven of the 10 states are from the South while three are from the North.

Speaking on how states can attain fiscal sustainability, Damilola Ogundipe, BudgIT’s Communications Lead, said: “States need to grow their Internally Generated Revenue, IGR, as options for borrowing are reduced due to debt ceilings put in place by the Federal Government to prevent states from slipping into debt crisis. There has to be a shift from the culture of states’ overdependence on Federation Account Allocation Commission, FAAC.

The report further stated that 13 states, including Lagos, Oyo, Kogi and others, were unable to fund their recurrent expenditure together with debt repayments due in 2019.

It stated: “From our 2020 State of States analysis, 13 states were unable to fund their recurrent expenditure obligations together with their loan repayment schedules due in 2019 with their respective total revenues. 

“The worst hit of these 13 states are – Lagos, Oyo, Kogi, Osun and Ekiti states while the other states on this pendulum are Plateau, Adamawa, Bauchi, Gombe, Cross River, Benue, Taraba and Abia. 

“Furthermore, of the remaining 23 states that can meet recurrent expenditure and loan repayment schedules with their total revenue, eight of those states had really low (less than N6 billion) excess revenue, that they had to borrow heavily to fund their capital projects. 

“The worst hit are Zamfara, Ondo and Kwara who had N782.45 million, N788.22 million and N1.48 billion left, respectively. 

“Based on their fiscal analysis, only five states – Rivers, Kaduna, Akwa Ibom, Ebonyi and Kebbi states – prioritised capital expenditure over recurrent obligations, while 31 states prioritised recurrent expenditure according to their 2019 financial statements.”

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Finance

Oil Marketers Says No to Labour Strike, Decries Over N320bn Losses

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petrol Oil

Oil Marketers Reject Labour Strike, Decries Over N320bn Losses

Oil marketers across the country have rejected labour’s planned strike over N320 billion worth of investment losses.

The marketers under the aegis of the Natural Oil and Gas Suppliers Association of Nigeria also kicked against the proposed industrial action by the Nigeria Labour Congress and other civil right groups, pleading with the union and allies to have a rethink and look into the situation from a bigger picture.

This was after labour and other civil right groups announced they would be embarking on a nationwide strike starting from September 28, 2020 to force the government to reverse the increase in pump price and electricity tariffs.

Labour had said the government remained insensitive to the plight of Nigerians despite the negative impacts of COVID-19 on the economy and Nigerians.

However, Ukadike Chinedu, the association spokesperson of Natural Oil and Gas Suppliers Association of Nigeria, who was quoted in a statement issued in Abuja, said members of the association may be forced to cut staff in an effort to reduce operating costs given current economic realities.

He said, “Some of our concerns are heavy losses of over N320bn investments from product purchases at government specified prices and sales at compelled price reductions, which could not be justified by the costs of transaction.”

Ukadike added that several oil businesses were no longer trading because of heavy losses and several others were dying in silence.

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Finance

Banks’ Credit to Economy Hits N19.33 Trillion in August

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Godwin Emefile

Deposit Money Banks Credit to Economy Rose to N19.33 Trillion in August

The total credit facility to the economy rose to N19.33 trillion in the month of August.

The Central Bank of Nigeria-led monetary committee disclosed on Tuesday after the nation’s monetary policy committee meeting.

The committee attributed the improvement to the 65 percent loan-to-deposit ratio policy implemented to compel the nation’s deposit money banks to join central bank efforts at growing the real sector of the economy.

Godwin Emefiele, the Governor of the Central Bank of Nigeria, who spoke during the meeting said “The bank’s policy on Loan to Deposit ratio also resulted in a significant growth in credit to various sectors from N15.57tn to N19.33tn between end-May 2019 and end-August 2020, an increase of N3.77tn.

“This growth in credit was mainly to manufacturing (N866.27bn), consumer credit (N527.65bn), oil and gas (N477.65bn), agriculture (N287.11bn) and construction (N270.97bn).”

On monetary aggregates, broad money supply (M3) rose to 6.93 per cent (year-to-date) in August 2020 from 5.23 per cent in July 2020, reflecting the increase in both Net Foreign Assets and Net Domestic Assets.

He said total domestic credit grew by 6.94 percent in August 2020, lower than the 9.43 percent recorded in July 2020.

The committee reduced the nation’s benchmark interest rate by 100 basis points to 11.5 percent, down from the previous 12.5 percent.

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