30 results
- 18 Jun 2025
First Bank Spends N15Bn to Guard Systems against Hackers in 5 Months –CEO
First Bank HoldCo Plc has disclosed that it spent over ₦15 billion to protect its banking systems from cyberattacks between January and June this year, as digital threats to financial institutions…
- 29 Apr 2021
CBN Fires all First Bank Directors, Reinstates Sacked MD
Central Bank of Nigeria (CBN), has sacked all First Bank of Nigeria (FBN) directors and appointed new ones with immediate effect. The CBN also accused the directors of corporate governance breach,…
- 24 Jul 2025
SEC Grants “No objection” to N323Bn First Holdco Shares Deal
The Securities and Exchange Commission (SEC) granted a “no objection” to the N323.45 billion First Holdco off-market deal that occurred on July 16. The regulator in a statement clarified its role in…
- 1 Feb 2026
If Capital is the Answer, What Exactly is the Problem with First Holdco
By Blaise Udunze The Olayemi Cardoso-led Central Bank of Nigeria’s 24-month compliance timeline for the recapitalization of Nigeria’s banking system is about to conclude on March 31, 2026, which is…
- 27 Oct 2024
First Bank Proposes New Name after Upgrading Banking Platforms
FBN Holding Plc, one of Nigeria’s foremost banks, has announced plans to change its name, Plc at its upcoming 12 Annual General Meeting (AGM) on November 14, 2024. The bank announced this in a notice…
- 31 Jan 2024
Femi Otedola Becomes chairman of First Bank Holdings
Billionaire businessman Mr Femi Otedola, has emerged as the chairperson of the board of FBN Holdings Plc, whose flagship company is First Bank. He was appointed to the role during a meeting of the…
- 23 Oct 2021
First Bank Denies Reports of Otedola Takeover
FBN Holdings Plc Friday denied claims by online media that Femi Otedola, business mogul, has acquired majority stake in the bank. Femi Otedola In a statement signed by Seye Kosoko, company secretary,…
- 28 Oct 2020
Access Bank Gets CBN’s Nod to Restructure into Holdco
Access Bank, the biggest retail bank in Africa, has announced that it has received Central Bank of Nigeria (CBN’s) Approval-in-Principle to restructure to a Holdco. The bank has also received…
- 13 Feb 2025
Banking Consolidation Less Likely as Nigerian Banks Meet Capital Requirements – Fitch
Fitch Ratings has said that Nigerian banks are making significant progress in raising core capital to meet new paid-in capital requirements. The rating agency noted that the banks are generally on…
- 4 Feb 2026
Why FirstBank Wrote off N748Bn Bad Loan – Otedola
Femi Otedola, group chairman, First Bank Holdings, has justified the company’s decision to write off N748bn in legacy non-performing loans, saying the move was a deliberate strategy aimed at securing…
- 30 Oct 2025
Nigerian Banks and the Culture of Concealment: How Financial Results Are Being Cooked to Hide Losses
In Nigeria’s banking industry, profit has become more a press release than a performance. Every results season, the same storyline plays out with record profits, rising assets, and promises of…
- 19 Feb 2026
FirstCap MD says Payment Security Remains Biggest Barrier to Bankable Gas and Power Projects
Ukandu E. Ukandu, Managing Director/CEO of FirstCap Limited, a leading investment banking firm and subsidiary of First HoldCo Plc., has reaffirmed that payment security remains the most decisive…
- 23 Apr 2025
FG Rakes in N1.2 Trillion from Banks’ VAS
Nigeria’s banking sector, in 2024, thrived in a stormy economic climate, capitalising on market volatility to deliver record profits. According to The Sun , nine of the country’s listed banking…
- 23 Oct 2025
FirstCap Named Capital Markets Architect of the Year at the BAFI 2025 Awards
FirstCap Limited, a subsidiary of First HoldCo Plc., and a prominent investment banking firm, has been honored with the prestigious Capital Markets Architect of the Year award at the 2025 BusinessDay…
- 17 Dec 2021
Remi Babalola Quits FBN Holdings as Chairman, CBN Appoints Alhaji Ahmad Abdullahi as Replacement
Mr Remi Babalola, chairman of FBN Holdings Plc, has exited his position barely nine months after he was appointed. The Central Bank of Nigeria (CBN) has also approved the appointment of Alhaji Ahmad…
- 1 Feb 2026
First Trustees to Host 8th Islamic Estate Planning Clinic in Abuja
First Trustees, a subsidiary of First HoldCo Plc., and a leading provider of trust solutions for individuals, corporates, and government institutions, is proud to announce its 8th Islamic Estate…
- 18 Nov 2025
A dangerous Concentration of Power: Is CBN’s Fixed Income Securities Takeover a Ticking Bomb for Nigeria’s Economy?
By Blaise Udunze The Central Bank of Nigeria’s decision to take full control of government securities issuance has been described by some as a bold move toward transparency and market efficiency.…
- 16 May 2025
Fidelity Bank reclaims trillion-naira market cap as stock rises to ₦21
Fidelity Bank Plc, has reentered the trillion-naira market capitalisation club, after its share price rose by 5.3%, climbing from ₦19.95 to ₦21.00 on May 13, 2025, according to data from the Nigerian…
- 1 Jun 2025
First Asset Management Receives 2024 Fund Manager Award
First Asset Management Limited, a subsidiary of First HoldCo Plc, has received the prestigious Fund Manager of the Year 2024 award. This accolade was conferred during the inaugural Capital Market…
- 22 May 2025
When Legacy Meets Preparedness – Olusegun Alebiosu as CEO, Firstbank Group
By Aniekan Ezekiel What happens when legacy meets preparedness? What results from such a combination? Let us not be in a hurry to put forward any answers yet. Instead, let us consider first the…
- 21 Nov 2025
FirstCap Champions Real Estate Financing with Lekki Gardens’ ₦25B CP Issuance Establishment
FirstCap Limited, Nigeria’s leading investment banking and capital markets advisory firm and a subsidiary of First HoldCo Plc, has announced its strategic role as Joint Issuing House and Placing…
- 27 Mar 2025
First Asset Management expands into US Equity Market, Introduces FBN Blended Dollar Fund
First Asset Management, one of Nigeria’s investment managers and a subsidiary of First HoldCo Plc. has launched its FBN Blended Dollar Fund to drive up customer earnings through its rich blend of US…
- 2 Dec 2025
FBNQuest Merchant Bank Confirms New Ownership Structure, Sets Stage for Future Growth
FBNQuest Merchant Bank has confirmed the successful completion of its ownership transition, following its divestment from First HoldCo Plc and acquisition by EverQuest Acquisition LLP, a new investor…
- 7 Nov 2025
Banks’ N1.96Trn Black Hole: Who Took the Loans, Who Defaulted, and Why the Real Economy Suffers
By Blaise Udunze Nigeria’s banking sector has entered a season of reckoning. Eight of the nation’s biggest banks have collectively booked N1.96 trillion in impairment charges in just the first nine…
- 22 Apr 2025
How Nigerian Banks Earned N14.26 Trillion in Interest Income in 2024
Nine leading Nigerian banks collectively generated N14.26 trillion in interest income in 2024, reflecting a 119.55% increase from N6.49 trillion in 2023. This surge is attributed to the Central Bank…
- 11 May 2025
Bank customers to ditch SMS alerts for email amid rising charges
Some bank users in Abuja have declared they will opt for electronic mail alerts from their banks to cut costs and reduce charges on their accounts. Some of them who spoke to the News Agency of…
- 15 Jul 2025
Zenith Banks Leads as 8 Banks Suffer N156Bn Impairment Charges
Eight leading Nigerian banks collectively set aside N156 billion as impairment charges on their credit and financial assets, marking a significant financial impact amidst a challenging economic…
- 19 Feb 2026
Sterling HoldCo Starts Allotment of Oversubscribed Public Offer Shares
Sterling Financial Holdings Company Plc (Sterling HoldCo) has begun allotting 12,581,000,000 ordinary shares of 50 kobo each at ₦7.00 per share from its 2025 Public Offer. Sterling HoldCo The process…
- 7 Sept 2025
Customers Wax Worriedly over Multiple Bank Charges, Urge BCAN, CBN to Intervene
Nigerian bank customers have continued to express frustration over what they describe as unauthorised and excessive debits from their accounts, calling on the Bank Customers Association of Nigeria…
- 18 Oct 2024
FBN Holdings Taps Wale Oyedeji as New GMD
FBN Holdings Plc has officially announced the appointment of Adebowale (Wale) Oyedeji as the new Group Managing Director (GMD), effective November 13, 2024. This appointment, which is subject to the…