Nigeria, Jan. 31 -- FCMB Group Plc recorded a pre-tax profit of N117.2 billion for the fiscal year ending December 31, 2024, in a financial report published on the Nigerian Exchange (NGX) on January 30, 2025.

This is a 12.32% year-over-year increase over the N104.4 billion recorded in 2023 when interest and discount revenue significantly increased.

Interest and discount revenue increased by 75.08% yearly to N621.5 billion from N354.9 billion the year before.

Furthermore, compared to the N516.3 billion reported for 2023, the group's gross earnings increased by 53.93% yearly to N794.8 billion.

Key Highlights (2024 vs. 2023): Gross Earnings: N794.8 billion (+53.93% YoY) Interest & Discount Income: N621.5 billion (+75.08% YoY) Interest Ex...