Chairman, First Bank of Nigeria, Mrs. Ibukun Awosika, has charged youths in Edo State to take advantage of funding opportunities, especially low-interest credit facilities, to grow their businesses and contribute to the development drive of the state government. Awosika, who was a guest speaker at a two-day workshop for entrepreneurs and small and medium enterprises […]
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Investors on the Nigerian Stock Exchange (NSE), yesterday failed to embrace the shares of FBN Holding Plc, despite the firm’s announcement of its year ended December 31 2017 annual accounts indicating a 25 kobo per share dividend payout to shareholders along improved performance recorded in all indicators by the group, as its share price went […]
Read More FBN Holdings Plc, Diamond Bank Plc, Linkage Assurance Plc and International Breweries Plc on Wednesday gave the reasons for the delay in filing their annual financial statements with the Nigerian Stock Exchange. The companies informed stakeholders that they were not able to file their 2017 audited financial statements by March 31, 2018 as required under […]
Read More Fitch Ratings has placed First Bank of Nigeria’s (FBN) subordinated notes, which are rated ‘CCC’/’RR5′, on Rating Watch Positive (RWP). Placing a debt on RWP means that rating for the instrument may likely be upgraded. The FBN notes were issued through FBN Finance Company BV, a special purpose vehicle, which was established to provide funding […]
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A new report has shown that Nigeria owes 51 per cent of its cumulative $15.35 per cent external debt to the World Bank Group. A report by FBN Capital research titled: ‘External Debt Ratios to Savour’ said the Federal Government of Nigeria’s (FGN’s) external debt obligations at end-September amounted to $15.35 billion, equivalent of 3.9 […]
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As part of the continued commitment to drive thought leadership, policy influencing initiatives and sustainable national economic development, First Bank of Nigeria Limited has partnered The Nigerian Economic Summit Group to host the 23rd Nigerian Economic Summit (NES23) with the theme: ‘Opportunities, Productivity & Employment: Actualizing the Economic Recovery and Growth Plan’. The summit which […]
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FCMB Group Plc, Diamond Bank Plc and FBN Holdings Plc (measured by volume) accounted for 659.042 million shares worth ₦1.312bn in 1,933 deals, thus emerging as the top three traded equities for last week. The three financial institutions contributed 44.14 per cent and 8.69 per cent to the total equity turnover volume and value, respectively, […]
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First Bank of Nigeria Limited has announced the acquisition of the remaining shares in FBNBank DRC Limited, making it a First Bank’s wholly-owned subsidiary. First Bank said this followed its initial investment in FBNBank DRC (formerly Banque Internationale de Credit) in 2011, when it acquired a 75 per cent stake in FBNBank DRC. The lender […]
Read More Report according to the investment and research arm of FBN Holdings showed that the Investors’ and Exporters’ (I&E) Forex Window has attracted $11.2 billion as at September 15. The foreign exchange reserves which currently stand at $33 billion is expected to cover 8.1 months imports, when imports of services are added, it said. The research […]
Read More FirstBank of Nigeria Limited has raised monthly limits on international transactions on Naira Cards to $1,100 across Automated Teller Machines (ATM), Point of Sale (PoS), and online channels, with the daily ATM withdrawals raised to $300. The gesture, the lender said, was in line with its drive to promote convenience and ease of business for […]
Read More First Bank of Nigeria Limited has announced the appointment of Mr. Abdullahi Ibrahim as an executive director. Prior to his appointment, Ibrahim was the bank’s group executive, retail banking in the North since January 2016. According to a statement by the lender, the appointment is in line with First Bank’s strong corporate governance credentials and […]
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Six Nigerian banks were ranked among The Banker Magazine’s Top 25 Banks in Africa and among 1,000 banks in the world. The banks so ranked are Zenith Plc, FirstBank Nigeria Limited, Guaranty Trust Bank Plc, Access Bank Plc, United Bank for Africa Plc and Diamond Bank Plc. According to the ranking, released late on Monday, […]
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