The Bank of Ghana has suspended the foreign exchange (FX) trading licences of two major Nigerian-owned banks, First Bank of Nigeria and Guaranty Trust Bank (GTB). This decision, effective from March 18, 2024, comes in the wake of fraudulent documentation practices observed during the operations...
First Bank Abuja robbery suspects being led away by the police
The standoff between the police and some bandits who attempted to rob a First Bank branch in Mpape Abuja is over.
The robbers finally surrendered to policemen from the FCT Police Command, after one of them had been killed.
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There is a standoff currently going on in Mpape in Abuja between a gang of armed robbers, the police and Nigerian Army after the hoodlums invaded a first generation bank.
The armed robbers were said to have stormed the bank, shooting sporadically into the air to scare people away...
Latest to join the group of successful women who announce proudly that their husbands are the heads of their respective families is Ibukun Awosika, a business mogul who currently serves as the Chairman of First Bank of Nigeria.
In an interview with The Nation, she described …
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Skye Bank Nigeria Plc and First Bank of Nigeria have taken over its asset of Evans Medical Plc, the management has said.
Adesua Akintemi, the company’s secretary, disclosed this in a statement shared with TheCable.
The statement said the company had received a court order for its assets to be...
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Despite the harsh business environment, First Bank of Nigeria Limited and four other Nigerian banks have made the top 500 banking brands of The Banker magazine of the Financial Times and Brand Finance, London.
The Country Representative – Nigeria of The Banker magazine, Mr. Kunle Ogedengbe, in...
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First Bank of Nigeria plc on Saturday has denied involvement in the distribution of former Nigerian petroleum minister, Diezani Alison-Madueke's $153.3 million.
Babatunde Lasaki, the Spokesperson of First Bank Plc, said the bank was not directly involved in the transaction.
“We’ve said this...
Liquidity challenges in Abuja and environs will ease further as Travelex and First Bank of Nigeria Plc begin the sale of Forex to Bureau De Change operators in the North.
Alhaji Aminu Gwadabe, the President, Association of Bureau De Change Operators of Nigeria, disclosed this to NAN in an...
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The Board of FBN Holdings Plc (FBNH) has appointed Mr. Oyewale Ariyibi as the Chief Financial Officer (CFO).
Mr. Ariyibi was until his appointment the Head, Finance for FBNH and Country Financial Controller at Standard Chartered Bank, Nigeria.
He has a combined twenty-six years' experience...
Seven Nigerian banks are undercapitalized to the tune of N1tn ($3.2bn) according to a report from Arqaam Capital, a Dubai-based international investment bank.
The report lists the undercapitalised banks as
First Bank of Nigeria,
Unity Bank Plc,
Diamond Bank Plc,
Skye Bank Plc,
FCMB Group...
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First Bank of Nigeria Limited has approved the appointment of Mr. Patrick Iyamabo as the Chief Financial Officer (CFO) subject to the approval of the Central Bank of Nigeria.
Mr. Patrick Iyamabo will be assuming the CFO role which was hitherto held by Dr. Kazeem Adeduntan before his appointment...
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First Bank of Nigeria Limited has won “The Best Retail Bank in Nigeria Award” for the fifth time, the “Mobile Payment Product of the Year award” and the “Credit Card Product of the Year award” in the 2016 Asian Banker Retail Services West African Awards which took place in Lagos recently...
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