LAGOS, Nigeria – First City Monument Bank (FCMB) has introduced a new feature to its mobile app, enabling customers to open investment accounts and purchase mutual funds directly. The update, launched on October 27, 2025, comes from FCMB Asset Management, the group’s wealth arm. It aims to make investing as easy as checking a balance.
Customers can now pick from four funds in the FCMB mutual funds app: the low-risk Legacy Money Market Fund for steady liquidity, the growth-focused Legacy Equity Fund, the Legacy Debt Fund for local bonds, and the Legacy USD Bond Fund for dollar-based options. These suit different goals, from quick cash needs to long-term gains.
Yemisi Edun, FCMB’s managing director, said the feature fits the bank’s digital shift. “What we are building goes beyond digital convenience,” Edun stated. “It is about creating a connected ecosystem where banking, payments, and investments work together to serve customers’ broader financial needs.”
James Ilori, CEO of FCMB Asset Management, added that the goal is wider access. “Our mission is to democratise access to investment opportunities and make wealth creation simple and inclusive,” Ilori said. “By bringing mutual funds to the FCMB Mobile App, we enable anyone, anywhere, to start investing confidently and build sustainable financial futures.”
FCMB’s New App Feature ties into the group’s plan for a one-stop financial hub. It joins services like payments and savings in a single platform. This comes as Nigeria’s digital banking grows, with more users seeking easy ways to invest amid rising costs.
A Step Toward Everyday Wealth Building
FCMB, part of FCMB Group Plc, has made significant strides in technology recently. The app update builds on tools like quick loans and transfers. Users can download or update the FCMB Mobile App from the Google Play Store or Apple App Store to get started. No fees for account setup, and investments start small.
FCMB’s New App Feature targets Nigerians facing inflation and job hunts. Mutual funds spread risk and offer better returns than savings alone. With the naira under pressure, the USD option stands out for those eyeing stability.
FCMB Group reported strong growth last year, with assets over ₦2 trillion. This feature could draw more retail investors, boosting its wealth arm.
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