30 results
- 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…
- 16 Jan 2024
Court Adjourns 4Bn suit against First Bank Plc
An Enugu State High Court, presided over by Justice Chukwunweike Ogbuabor, on Tuesday adjourned a N4 billion lawsuit against First Bank of Nigeria Plc to Feb. 29 and March 5, for continuation of…
- 6 Apr 2009
First Bank Launches Reloaded Promo
First Bank Nigeria Plc, Nigeria’s financial power hub will give out over N14m cash and other prizes in the second monthly draw of its ongoing Big Splash Promo Reloaded. Customers of the bank…
- 19 Oct 2009
First Bank, Others to Raise N1.2 Trillion
First Bank of Nigeria Plc, Diamond Bank, Zenith Bank and Guaranty Trust Bank Plc, are set to float N1.2 trillion bonds from the nation's capital market. First Bank of Nigeria has concluded plans to…
- 22 Sept 2008
First Bank Supports ComBIT 2008 Expo
First Bank of Nigeria Plc, a leader in the Nigerian banking sector, has thrown its weight behind ComBIT 2008 Expo the annual international communications, business systems and information technology…
- 3 May 2017
CBN Expels 16 Banks from Forex Market
Central Bank of Nigeria (CBN) on Tuesday stopped 16 Deposit Money Banks from participating in the Small and Medium-scale Enterprises (SMEs)window of the foreign exchange market. Isaac Okorafor,…
- 19 Nov 2013
Worries over Arrests of Top Bankers for Alleged Terrorist Financing
The banking industry and State Security Service (SSS) are embroiled in claims and denials over the continued detention of senior personnel of 13 Nigerian banks for alleged terrorist financing and…
- 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…
- 15 Aug 2018
MTN Nigeria Inks N200bn loan facility with 12 banks for Network Expansion
MTN Nigeria on Wednesday signed a seven-year N200 billion medium term facility with a consortium of twelve (12) local banks, with FBN Quest acting as facility agent. Ferdi Moolman, Chief…
- 14 Nov 2023
Interswitch System Glitch: Court Orders Freezing of Accounts in 54 Banks
Justice Peter Lifu (JP) of a Federal High Court sitting in Lagos has granted an order freezing some accounts in about 54 financial institutions in the country where alleged funds from Interswitch…
- 5 Aug 2015
Name and Shame: FCMB, MRS Fight over N6.2Bn Debt
Central Bank of Nigeria (CBN)-initiated name and shame campaign of banks’ delinquent debtors gained further momentum on Wednesday as First City Monument Bank Limited and Ecobank Nigeria published…
- 21 May 2015
Loan Dodgers Owe Banks N138Bn
Loan default by customers made 13 Deposit Money Banks to lose a combined sum of N138 billion in the 2014 financial year, according to calculations by the Punch Newspaper. Data obtained from the 2014…
- 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…
- 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…
- 8 Apr 2021
CBN Freezes 84 Bank Accounts of Firms/Persons under Investigation
Central Bank of Nigeria (CBN) has secured an interim order of a federal high court in Abuja, freezing 84 bank accounts belonging to 25 individuals and companies. Those affected by the new order…
- 15 Jun 2010
Banks Grant MTN N318 Billion Loan Facilities
MTN Nigeria, Nigeria’s leading telecommunications company has received fresh loan facilities to enable the company further expand its network across the country. A consortium of 15 Nigerian…
- 2 Aug 2010
CBN Pumps N130 Billion into Real Sector
The Central Bank of Nigeria (CBN) has released over N130 billion to small and medium scale enterprises (SMEs) through the Bank of Industry (BOI). The fund will be accessed through authorized…
- 4 Jun 2013
First Bank to Close 700 Branches for Software Upgrade
First Bank of Nigeria Plc which prides itself as the Nigeria’s bank of first choice is to shut down its 700 branches nationwide from Thursday (tomorrow) to Monday next week to enable it upgrade its…
- 1 Feb 2016
UBA, Others Make World’s Top 500 Banks
United Bank for Africa, First Bank of Nigeria Limited, Guaranty Trust Bank Plc and Zenith Bank Plc have been named among the world’s top 500 banks. A new study conducted by the United Kingdom-based…
- 17 Aug 2010
More Winners Emerge in First Bank Golden Promo
First Bank of Nigeria Plc recently fulfilled its promise to its numerous customers as it held another round of draws in the ongoing Golden promo to mark Nigeria’s 50th anniversary. It was all…
- 18 Jun 2012
First Bank Signs MoU with NASSI
First Bank of Nigeria Plc has signed a Memorandum of Understanding with the National Association of Small Scale Industrialists (NASSI) to support small- scale enterprises. According to Bisi Onasanya,…
- 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…
- 3 May 2020
FG Rakes in 8Bn from Banks’ IT Levies
Eleven Nigerian banks paid about N8.08bn Information Technology-related levies to the government in 2019, the audited financial reports of the banks have shown. Punch reported that the analyses of…
- 10 Nov 2009
First Bank Records 32% Increase in Revenues
First Bank of Nigeria Plc has recorded a 32 percent increase in revenues from N96.6 billion to N128.1 billion for the six months ended 30 September 2009. The bank’s unaudited results presented…
- 26 Aug 2018
Police Arrests First Bank Lawyer over Alleged Bank Loan Forgery
Chuks Dibiaezue, a lawyer who allegedly forged mortgage loan agreement on behalf of the First Bank PLC has been arrested by operatives of the Nigeria Police, FCT Command. The arrest followed a…
- 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.…
- 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…
- 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…
- 1 Mar 2010
FBN, Others Hand Over 1,116 ATMs to ATMC
First Bank Nigeria Plc (FBN), UBA Plc and Diamond Bank have handed over their offsite ATMs to ATM Consortium (ATMC). This is in conformity with the directive of the Central Bank of Nigeria (CBN)…
- 9 Dec 2013
Interswitch Powers First Bank Loyalty Rewards Scheme
Interswitch Transnational, a leading pan-African integrated payments company with operations in Nigeria and a growing presence in West and East Africa, announces that it is offering an…