WorldStage Newsonline– First City Monument Bank Limited, a leading Nigerian bank and a subsidiary of FCMB Group Plc has issued a N30 billion Commercial Paper (CP) under its N100 billion CP programme.
FCMB Group in a notification for the Nigerian Stock Exchange (NSE) and its shareholders on Friday signed by Olufunmilayo Adedibu (Mrs), Company Secretary, said the CP has a tenor of 260 days with the aim of raising up to N30 billion to support the bank’s short term funding needs.
“The CP serves as an additional funding source for the bank,” the note said.
