30 results
- 11 May 2009
First Bank Holds Promo Reloaded Draw
First Bank Nigeria Plc is set to bound more with its customers and improve market visibility as it announces another draw in its on-going Big Splash Promo Reloaded. The draw is the sixth in the…
- 26 Dec 2024
Access Bank Plc Emerges First Nigerian Bank to Exceed CBN’s N500bn Regulatory Threshold
Access Holdings Plc has successfully closed its N351 billion Rights Issue, gaining approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). This…
- 28 Oct 2021
First Bank Holdings Taps Okonkwo, Former Fidelity Bank CEO to Replace Eke as GMD
The board of FBN Holdings Plc, has approved the appointment of Mr. Nnamdi Okonkwo, as its new group managing director, with effect from January 1, 2022. Mr. Nnamdi Okonkwo The appointment was…
- 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…
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 22 Oct 2021
Femi Otedola Reportedly Acquires Majority Shares of First Bank Holdings
Femi Otedola, business mogul and founder/chairman, Geregu Energy Group, has reportedly acquired the majority shares of FBN Holdings (FBNH). The acquisition is coming some six months after the…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 21 Nov 2013
Terrorist Financing: Banks Meet over Plan for Nationwide Shutdown
National Union of Banks, Insurance and Financial Institutions Employees (NUBIFE) said it will meet today to discuss the planned shut down operations nation wide in protest over the continued…
- 13 May 2016
EFCC Quizzes First Bank Chief over Bank Transactions
FBN Holdings Plc, Nigeria’s biggest lender by assets, said one of its directors was invited and questioned by the Economic and Financial Crimes Commission (EFCC) as part of a wider probe into alleged…
- 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…
- 28 Apr 2016
First Bank to Sack 1,000 Workers
FBN Holdings Plc, the parent company of First Bank Nigeria Limited, is planning to cut about 1000 jobs and focus less on providing loans to the oil industry in a bid to reverse the 2015 financial…
- 13 Jul 2016
Zenith, UBA, Other Mobile Banking Apps Gain Momentum- Study
A new study has revealed that at last the mobile banking sector appears to be gaining momentum, Nigeria CommunicationsWeek can report. United Bank for Africa (UBA) Plc, Zenith Bank Plc, First Bank of…
- 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,…
- 7 Sept 2015
Adeduntan to Take Over from Onasanya as First Bank Boss
First Bank of Nigeria Limited on Monday announced that its Chief Financial Officer and Executive Director, Dr. Adesola Adeduntan, would replace Mr. Bisi Onasanya as the Group Managing Director and…
- 19 Dec 2019
Firm Calls First Bank Out over Alleged IP Infringement, Demands N125m
Xtreme Cr8tivity Xpressions Limited, design and innovation firm, has threatened to drag First Bank Plc to court over alleged unauathorised use of its intellectual property (IP). Design and innovation…
- 15 Jun 2016
Providus Bank Gets Commercial Banking Licence from CBN
Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN), according to information on the apex bank’s website on Tuesday.…
- 10 Dec 2023
Fidelity Bank, Others Top List of Most Capitalized Banks in Q3 2023
Fidelity Bank, leading financial institution, has been listed as one of most capitalized banks in Nigeria based on Q3 2023 financial results. According to an article published in Thisday newspapers,…
- 21 Aug 2018
CBN Slams N34.1m Fines on 3 Banks for Market Infractions
Central Bank of Nigeria (CBN) has sanctioned Guaranty Trust Bank Plc (GTBank), Zenith Bank Plc and Stanbic Holdings Plc N34.1 million over different market infractions in the first six months of…
- 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,…
- 10 Oct 2016
7 Nigerian Banks in Deep Financial Crisis – Report
Seven Nigerian banks are undercapitalised to the tune of N1trillion ($3.2billion), according to a stress test conducted by Arqaam Capital, a Dubai-based international investment bank. According to…
- 19 May 2013
Fitch Assigns FBN Holdings Plc 'B' IDR
The London based rating agency, Fitch Ratings has assigned FBN Holdings Plc (FBNH) a Long-term Issuer Default Rating (IDR) of 'B' and Short-term IDR of 'B'. The Outlook on the Long-term IDR is…
- 19 Oct 2023
Court Orders First Bank to Pay Interest of N2.9Bn to FAAN
A Lagos Federal High Court has ordered First Bank of Nigeria (FBN) Plc to pay the sum of N2,937,925,388.52 billion, to the Federal Airports Authority of Nigeria (FAAN) being an interest for not…
- 24 May 2015
CBN Grants Kakawa Discount House Merchant Banking licence
Central Bank of Nigeria (CBN) has approved a merchant banking licence for First Bank Nigeria Holdings Plc, through its subsidiary, the Kakawa Discount House Ltd. Mr. Bello Maccido, FBN Holdings group…
- 8 Jun 2009
Union Bank Holds Savings Bonanza Raffle Draw
Union Bank of Nigeria Plc in apparent demonstration of its integrity to the banking public has rolled out various cash prizes to 97 lucky winners at the first raffle draw of its on-going…
- 21 Apr 2024
First Bank Comfirms Appointment of Olusegun Alebiosu as Acting MD/CEO
Board of Directors of First Bank has appointed Olusegun Alebiosu as its acting managing director. Mr Alebiosu has been the bank’s executive director/chief risk officer since 2022. He has been in the…
- 26 Sept 2022
Development Bank of Nigeria to Hold its 3rd Annual Lecture Series
Development Bank of Nigeria Plc, Nigeria’s first wholesale development finance institution is set to hold its 3rd annual lecture series, a thought leadership initiative that provides a platform for a…
- 18 Aug 2014
Western Union Partners First Bank on Outbound Service Launch
The Western Union Company, a leader in global payment services, has announced the launch of the outbound remittance service in Nigeria. Since the Western Union Money Transfer service was launched in…
- 6 May 2019
First Bank Plans Aggressive Debt Recovery to Boost Dividend Payout
Management of First Bank, has assured that it would continue to work tirelessly to ensure that it is brought down to a single digit by the end of 2019 financial year. Speaking at the 7th…
- 9 Jan 2023
KPMG Report Rates Stanbic IBTC High in Retail Banking
Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC Holdings Plc, has been named the leading bank in the retail and corporate banking in Nigeria by KPMG 2022 Nigeria Banking Industry Customer…
- 5 Nov 2021
Unity Bank Holds 7thEdition of Corpreneurship Challenge; DolesOut N10M Grant to Corp Members
Unity Bank Plc has handed out a total of N10 million in prize money as business grants to 30 NYSC members in the latest edition of its flagship Youth entrepreneurship and empowerment initiative,…