In the wake of the second quarter (Q2) earnings season, equity valuations are being revised and analysts have Seplat, Zenith, Access, Dangote Sugar and First Bank holdings of Nigeria (FBNH), as their most recommended large cap stocks to buy.
BusinessDay considered the recommendations of …...
A Federal High Court in Lagos Wednesday convicted the Chairman of First Bank of Nigeria Limited, Ibukun Awosika, and Managing Director, Dr. Adesola Adeduntan, as well as the bank for contempt.
They were accused of refusing to obey the order of the court, which had ordered them to pay an Ogoni...
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Mobile banking fraud First Bank of Nigeria Ltd., has upgraded its Internet banking solution, FirstOnline with improved features to promote and safeguard electronic banking experience of its customers. The bank in a statement made available to newsmen in Lagos on Tuesday, said that the improved...
One of the leading properties developers in Nigeria, Persianas Group is planning to increase its presence and coverage in the country through its flagship shopping mall – Shoprite with the construction of a second largest Shoprite shopping mall in Abeokuta, Ogun state capital as part of …...
Nigeria’s Best Banking Brand, First Bank of Nigeria Limited has announced it is convening a Youth Mentoring Session, themed “Building a Financially Literate Tribe”. The event which will be hosted by Ibukun Awosika, Chairman, First Bank of Nigeria Limited is being organised to drive a culture of...
The Central Bank of Nigeria, CBN has barred 15 commercial banks from dealing in foreign exchange through the recently created small and medium enterprises, SMEs wholesale forex window.
PREMIUM TIMES reports that barred due to persistent complaints that they were deliberately frustrating...
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Mallam Dauda Lawal, an Executive Director of First Bank who was called in to the EFCC for questioning weeks ago said he was questioned by the agency about his relationship with ex Petroleum Minister Diezani Alison Madueke.
Specifically, he said was “questioned by the EFCC over his alleged role...
Fitch Ratings has downgraded First Bank of Nigeria Ltd's (FBN) and United Bank for Africa's (UBA) the Long-Term Foreign Currency Issuer Default Ratings (IDRs) to 'B' from 'B+'. The Outlooks are Stable. The agency has also downgraded the National Long-Term Rating of FBN Holdings Plc (FBNH), the...
The Nigeria Labour Congress (NLC) said it will begin a nationwide shutdown of banks who have arbitrarily sacked a large number of workers contrary to laid down procedures and the country’s extant labour laws beginning from July 1, 2016.
In a letter of intent to the six affected banks which...
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Not less than 1,000 workers on the bill of First Bank of Nigeria will lose their jobs, FBN Holdings Plc, the mother body for Nigeria’s oldest and biggest bank, has said.
The development is due to “very bad” 2015 earnings, which saw the bank’s profit slump by 82 percent to N15 billion...
Four Nigerian banks have been listed among the top 500 banks in the world.
This is according to United Kingdom-based magazine owned by the Financial Times, The Banker, and Brand Finance in London.
First Bank moved up the scale in 16 places from 336th position in 2015 to 320th this year...
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First bank of Nigeria limited (FBN), a subsidiary of FBN Holdings Plc has commenced banking operations in Senegal.
First Bank Senegal, formerly registered as International Commercial Bank (ICB), was recently acquired by FBN Holdings.
The bank’s expansion to Senegal is part of the integration...
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