30 results
- 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…
- 16 Feb 2016
First Bank Makes History, Achieves 100m Switching Transactions
Interswitch Transnational Africa’s leading integrated payment and transaction processing company has officially recognized First Bank Nigeria Ltd. as the first financial institution in the country to…
- 24 May 2021
FirstBank Shines in Global Banking/Finance Awards 2021
First Bank of Nigeria Ltd., has been awarded the 2021 ‘Retail Banking CEO of the Year Nigeria; ‘Most innovative Retail Banking App Nigeria’ and "Best CSR Bank Nigeria.’’ Dr Adesola Adeduntan, Chief…
- 16 Oct 2013
First Bank Promotes Sports, Donates N44m for Facilities
First Bank of Nigeria Ltd. in its bid to strengthen sports development and enhance student health and wellbeing through physical recreational activities in secondary schools has donated sporting…
- 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,…
- 27 Dec 2018
First Bank Moves to Tackle Unemployment, Empowers Youth
First Bank of Nigeria Ltd., yesterday reiterated its commitment to tackling the nation’s rising unemployment rate with youth empowerment initiatives aimed at wealth creation. Mr. Gbenga Shobo, the…
- 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…
- 18 Jan 2026
Here Are Nigerian Banks That Have Secured Their Licences
Nigeria's banking sector recapitalization, mandated by the Central Bank of Nigeria (CBN) in March 2024, requires banks to meet tiered minimum paid-up capital thresholds by March 31, 2026: ₦500…
- 29 Mar 2023
FG Arraigns First Bank MD, Others over Alleged Forgery
Federal Government has charged First Bank of Nigeria Ltd, its managing director, and three other individuals with alleged forgery, according to report by bizwatchnigeria.ng. The charge sheet filed…
- 11 Jun 2018
First Bank Says Media Reports on Contempt Order False
First Bank Nigeria has issued a disclaimer on alleged contempt of court order reports circulating on some media platforms, that Mrs Ibukun Awosika, its chairman and Mr Adesola Adeduntan, managing…
- 22 Jul 2019
First Bank Leverages Digital Innovations to Promote Financial Inclusion
First Bank of Nigeria Limited has organised a joint seminar with sub-Saharan African banking and telecom regulators to promote financial inclusion through digital innovations in sub-Saharan Africa.…
- 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…
- 10 Feb 2019
Court Asks CBN, NCC Not to Conclude Etisalat’s Sale over $43m Debt
A Federal High Court in Abuja has warned the Central Bank of Nigeria (CBN), the Nigerian Communications Commission (NCC) and others involved in the transaction for the sale of troubled telecom firm,…
- 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…
- 1 Jul 2025
FirstBank Rolls Out Facial ID for Seamless Mobile Banking
First Bank of Nigeria Ltd. has introduced a new facial biometric feature on its mobile banking application, FirstMobile, aimed at simplifying user enrollment and device activation. The bank, in a…
- 27 Apr 2024
CBN Licenses Unified Payments as Second Provider for PTSA Services for Nigeria
Central Bank of Nigeria (CBN) has awarded the country’s second Payment Terminal Service Aggregator (PTSA) license to Unified Payments, Nigeria’s premier financial technology company, following a…
- 30 Oct 2013
First Bank, Resourcery, Others Bag RIMA Award
First Bank and Resourcery were among the Companies crowned at the 9th edition of Records and Information Management Awareness Conference, Awards and Exposition (RIMACE & RIMA Awards) with the…
- 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…
- 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,…
- 1 Sept 2015
ChamsMobile Unveils Nigeria’s First Visa Virtual Card
ChamsMobile Limited, a licensed mobile money operator, and Skye Bank Plc, have launched the first Virtual Visa Card in Nigeria. The Virtual Visa Card is an entirely digital payment card for online…
- 5 Jul 2020
CBN Debits Banks N1.977.7trn to Tightens Liquidity
Central Bank of Nigeria (CBN) has debited close to N2 trillion from several banks in the last quarter in line with its Cash Reserve Ratio (CRR) compliance requirement, and this has left many banks…
- 16 Jan 2014
FirstBank Achieves PCIDSS
First Bank of Nigeria Ltd has recently attained Payment Card Industry Data Security Standard certification (PCIDSS), as part of its efforts to continually maintain leading best practice and remain…
- 25 May 2026
NIBSS Blames System Glitch for Disappearance of N13.66Bn, Seeks Court Nod for Recovery
Nigeria Inter-Bank Settlement System Plc (NIBSS) has sued 19 commercial and microfinance banks, over N13.66 billion allegedly lost to unauthorized transfers following a major glitch on its payment…
- 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…
- 27 Jul 2023
DLM Capital Group Acts as Lead Issuing House, Financial Adviser for DBN Debut Bond Issuance
For the Development Bank of Nigeria's first bond issue, Prominent development investment banking institution, DLM Capital served as both the principal issuing house and the financial consultant.…
- 21 Mar 2022
FirstBank Splashes N4m on Customers in Verve Card Promo
First Bank of Nigeria Ltd. has rewarded 300 customers to the tune of N4 million in the bank’s current Verve Card campaign. The bank said this in a statement issued in Abuja on Monday, FirstBank…
- 5 Aug 2022
FirstBank Rewards Customer with Car in Verve Card Campaign Finale Promo
The First Bank of Nigeria Ltd. has rewarded the grand prize winner of its Verve Card campaign, Mr Olakunle Animasaun, the Chairman of Kanwl International Ltd., with a brand new car. The 14-week promo…
- 28 Apr 2017
Agent Banking in Nigeria Sees Spike as Paypoint Grows
Launched in 2016, Quickteller Paypoint was designed to take financial services to the nooks and crannies of Nigerian communities, providing access to underserved markets. Revealed at the maiden…
- 6 Feb 2026
WIEG to host Nigeria’s first International Investment Summit in Lagos
World International Economic Group (WIEG) Nigeria has announced plans to host its inaugural International Investment Summit on Feb. 25 and 26 at the Four Points by Sheraton Hotel, Oniru, Victoria…
- 17 Oct 2013
NIPOST, FirstBank Join Hands on Mobile Payment
First Bank of Nigeria Ltd. through its mobile payment solution FirstMonie has entered into a strategic partnership with the Nigerian Postal Service (NIPOST) to ensure enhanced access to convenient…