Investors which include FBN Capital, African Development Bank and the European Investment Bank are targeting investment funds estimated at $100 million for the funding for tech stat ups in the African continent. The fund will make investments of between $500,000 and $10 million per company. London and Nairobi-based venture firm TLcom Capital had raised $40 […]
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FBN Holdings Plc has disclosed it plans to reduce its non-performing loans (NPL) to less than 20 per cent before the year ends. According to Mr. Urum Kalu Eke, its managing director, who disclosed this at the company’s Facts Behind the Figures at the Nigerian Stock Exchange (NSE) last week in Lagos, the company’s NPL […]
Read More First Bank of Nigeria Limited has been re-elected into the board of advisors of the Payment Card Industry Security Standards Council for the third consecutive time. The lender, in a statement, said the development was in line with its corporate governance and risk management stance. The PCI SSC is an open, global forum for the […]
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FBN Holdings Plc’s Merchant Banking & Asset Management Group has appointed Mr. Ike Onyia as the Managing Director/CEO of FBN Capital Assets Management. Onyia joined the firm with over 20 years’ experience in investment management and advisory. Prior to his appointment, he served as Managing Director of Fiducia Capital, a Securities and Exchange Commission (SEC) […]
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The newly approved 2017 budget has projected capital expenditure at ₦2.24 trillion, while total Federal Government of Nigeria expenditure stood at ₦7.44 trillion, report on the budget released on Monday showed. The FBN Capital report with the theme: Go out and spend it, said · the challenge, once the president has signed off the budget, […]
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First Bank Nigeria Holdings Plc, parents of First Bank Nigeria has posted gross earnings of N581.8 billion in its audited results for the 2016 fiscal year, where its earnings were up by 15 per cent. The results showed the gross earnings leapt from N502.7 billion recorded in 2015. The Group reported operating expenses of N220.9 billion, […]
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Trading activities on the Lagos floor of the Nigerian Stock Exchange (NSE) maintained the positive trend as the All Share Index added 1.11 percent or 283.49 points to close at 25,755.18 points. The market capitalization also increased by 1.11 percent or N98.1 billion to close at N8.911 trillion, bringing the year to date losses lower […]
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FBN Insurance Limited, an FBN Holdings company associated with the Sanlam Group SA, says it is committed to taking insurance to the nooks and crannies of the country. The Managing Director, FBN Insurance Limited, Val Ojumah, said that the company was willing to provide affordable and responsive insurance to the public. He said, “Our strong […]
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