First City Monument Bank (FCMB) has been recognised for its exceptional contribution to the growth of small and medium-sized enterprises (SMEs) in Nigeria. The award was presented during the 60th Annual Bankers Dinner held in Lagos on November 28, 2025.
The recognition underscores FCMB’s commitment to driving sustainable economic growth by financing sectors that form the backbone of Nigeria’s productivity. According to data from the Nigerian Gross Domestic Product Report for Q3 2024, the bank’s investments align with the country’s top-performing sectors, including Crop Production (26.51%), Trade (14.78%), Telecommunications (13.94%), Real Estate (5.43%), and Food, Beverage and Tobacco (4.06%).
The award was determined using industry-wide lending statistics from the Central Bank of Nigeria (CBN), which tracks how financial institutions support enterprise development nationwide.
Beyond funding, FCMB provides entrepreneurs with capacity-building programmes, advisory services, and strategic partnerships that help them overcome operational challenges and scale their businesses successfully.
Speaking on behalf of the Managing Director and CEO, Yemisi Edun, Executive Director of Wholesale Banking, Obaro Odeghe, said:
“We are truly honoured to receive this recognition from the CIBN, based on data from the Central Bank of Nigeria. It reinforces our commitment to making a meaningful impact in the lives of Nigerian entrepreneurs, who remain the driving force of our economy.
We will continue to empower SMEs with accessible financing, innovative technology, and expert advisory support. Strengthening these businesses boosts productivity and contributes significantly to national development.”
