First City Monument Bank (FCMB) has announced the issuance of a commercial paper worth N30 billion, as part of its efforts to generate additional source of short-term funds for the bank.
The disclosure was signed by FCMB Group’s secretary, Olufunmilayo Adedibu, and sent to the Nigerian Stock Exchange on Friday.
A part of the notification sent to NSE reads, “A part of the notification sent to NSE reads: “FCMB Group Plc (“FCMB”) hereby notifies the Nigerian Stock Exchange (NSE) and its esteemed shareholders that one of its subsidiaries, First City Monument Bank Limited (the Bank) is undertaking a Commercial Paper Issuance (CP) under its N100 billion-naira CP programme.”
