by Rohit Dayanand -

MICROCAPITAL BRIEF: First City Monument Bank of Nigeria Offers Asset Financing Starting at $600 

First City Monument Bank (FCMB) of Nigeria has begun offering loans of NGN 500,000 (USD 600) to NGN 3 million (USD 3,600) with terms of one year to four years for businesses to finance purchases of equipment and machinery. FCMB reports that it also may grant customers – in certain circumstances –

by Sophie Fiala -

MICROCAPITAL BRIEF: Oikocredit Lends $10m to FCMB to Boost Lending to SMEs, Agricultural Enterprises in Nigeria

Netherlands-based cooperative Oikocredit recently invested USD 10 million in debt in First City Monument Bank (FCMB) Limited, which has operations in Nigeria and the UK. The investment will finance loans for