FCMB Changes Business Model
FCMB will shift its focus to better managing its loan book rather than growing aggressively, after 2015 pre-tax profit fell 68 percent, CEO Ladi Balogun told an analysts’ call. Its pre-tax profit of N7.77 billion ($39.08 million), was down from N23.94 billion a year earlier and followed a profit warning FCMB issued last month citing […]