firstbank

Crisis at First Bank: Otedola Enforces Discipline Following Extravagant Send-Off for Ex-MD The Breakdown: 1. Key Players and Incident: • Femi Otedola, the chairman of First Bank’s holding company, directed Folake Ani-Mumuney, the bank’s global head of marketing and corporate...

CBN and First Bank Advocate Stronger Nigeria-China Banking Ties The Central Bank of Nigeria (CBN) and First Bank Nigeria Limited have called for increased collaboration between Nigerian and Chinese banks, highlighting the importance of deepening trade and financial relations between the two...

Top Stock Picks of the Week: NEM Insurance, FBN Holdings, and NPF Microfinance Bank Highlighted for Investment Potential- Premium Times Detailed Summary Market Performance Recap Last week, Nigerian stock market performance fell below expectations, despite strong Q3 corporate earnings reports...

FBNHoldings Launches N150bn Rights Issue to Strengthen First Bank Detailed Breakdown: FBN Holdings Plc (FBNH) has officially launched a rights issue valued at nearly ₦150 billion to support its flagship subsidiary, First Bank of Nigeria Limited. The new capital injection aims to bolster the...

FirstBank Tops Nigerian Banks in Africa’s Top 100, Achieving Record Profits and Growth First Bank of Nigeria (FBN) has been ranked as the leading Nigerian bank in the prestigious African Business Magazine’s top 100 banks in Africa. With a capital base of $1.9 billion, FirstBank also secured the...

OTEDOLA REGAINS POSITION AS FIRST BANK’s MAJORITY SHAREHOLDER, INCREASES STAKE TO 9.41% Nigerian billionaire Femi Otedola, Chairman of FBN Holdings, has reclaimed his status as the majority shareholder of First Bank. Otedola now holds a 9.41% stake in the bank following a significant...

NIGERIAN BIG BANKS MARKET VALUE RISES TO N4.6 TRILLION OR $3.15 BILLION The market value of Nigeria's top banks listed on the Nigerian Exchange (NGX) surged to approximately N4.6 trillion ($3.15 billion) last week, reversing a previous dip. This increase was driven by investor re-entry and...

FBNHOLDINGS: NOTIFICATION OF APPOINTMENTS IN FIRST BANK OF NIGERIA LIMITED Lagos, Nigeria, June 19, 2024 FBN Holdings Plc has announced several key appointments in its flagship subsidiary, First Bank of Nigeria Limited, subject to the approval of the Central Bank of Nigeria: 1. Appointment...

FBN HOLDINGS REVENUE SURGES BY 181% - FBN Holdings' gross earnings increased by 181.4% to N730.3 billion in the first quarter of 2024, compared to N259.5 billion in the same period last year. - The growth in revenue was driven by a 153.3% rise in interest income, reaching N455 billion in Q1...

Honeywell Flour Mills of Nigeria Plc, a Nigerian agro-allied group led by Greek investor John Coumantaros, has announced the acquisition of a 71.69 percent stake in Honeywell Flour Mills as well as a 5.06 percent stake in the firm for N4.2 ($0.01011) per share, after months of negotiations and...