LAGOS, Nigeria (FN) — First City Monument Bank (FCMB) has introduced a new feature on its mobile app allowing customers to open investment accounts and invest directly in mutual funds managed by FCMB Asset Management, the Group’s wealth creation arm.
The launch is part of FCMB Group Plc’s broader digital transformation strategy, designed to integrate banking, payments, and investment services into a single, seamless financial ecosystem.
The in-app investment feature provides customers access to a range of mutual funds tailored to different risk profiles and financial goals, including the low-risk Legacy Money Market Fund, growth-focused Legacy Equity Fund, local-currency Legacy Debt Fund, and dollar-denominated Legacy USD Bond Fund. Users can now manage investments, savings, and transactions entirely from the mobile platform.
Emisi Edun, Managing Director of FCMB, said, “What we are building goes beyond digital convenience. It is about creating a connected ecosystem where banking, payments, and investments work together to serve customers’ broader financial needs. By integrating mutual funds into the FCMB Mobile App, we enable customers to move seamlessly from saving to investing within one trusted platform.
James Ilori, CEO of FCMB Asset Management Limited, added, “Our mission is to democratise access to investment opportunities and make wealth creation simple and inclusive. This feature allows anyone, anywhere, to start investing confidently and build sustainable financial futures.”
Early reactions from users and investors have been largely positive. Chidinma Okoro, a Lagos-based entrepreneur, said, “I no longer need to visit a branch or go through multiple steps to invest. The app makes it easy for busy people like me to grow wealth safely.” Another user, Tunde Adebayo, described the feature as “a game-changer for everyday Nigerians seeking exposure to investments that were once only available to high-net-worth individuals.”
Government officials and financial regulators also praised the initiative. Nneka Eze, a spokesperson for the Securities and Exchange Commission of Nigeria, said, “Digital platforms like this increase financial inclusion and promote transparency in mutual fund investments, aligning with the government’s vision of a modern, accessible financial ecosystem.”
The launch highlights FCMB Group’s commitment to digitally inclusive financial services, connecting banking and asset management to empower individuals and communities to grow long-term wealth.
FCMB Group Plc is a leading financial services holding company with subsidiaries in banking, consumer finance, asset management, and other financial services.
