By Uzoma Akobundu
One of Nigeria’s leading banks, First City Monument Bank (FCMB) is to pay its shareholders 10 kobo dividend as the bank has successfully closed its books for the year ended 2017.
Approval for the dividend payout was given following declaration of profit of N9.4billion at the weekend when the bank held its Annual General Meeting in Lagos.
Excited shareholders were optimistic that FCMB is on the trajectory for better profitability and commended the management for leaving up to their promise that the headwinds which the bank witnessed in 2015 which affected the bank’s financial report last year would be tackled vigorously.