FBNH names New CFO for First Bank

The board of First Bank Holding Company has approved the appointment of Mr. Patrick Iyamabo as the new Chief Financial Officer (CFO) for its subsidiary, First Bank of Nigeria Limited 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. […]

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First Bank introduces debit card overdraft service

First Bank of Nigeria Limited has introduced debit card overdraft service to the Nigerian financial market. This, it said in a statement on Wednesday, would avail customers of instant cash to meet urgent transaction needs. The bank said, “With this service, card users can now enjoy a higher level of banking convenience as they are enabled […]

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First Bank Nigeria to downsize its workers by 1,000

FBN Holdings Plc, the parent company of First Bank Nigeria Limited, is planning to cut about 1000 jobs and focus less on providing loans to the oil industry in a bid to reverse the 2015 financial year’s 82 per cent slump in profit. The lender expects to boost its return on equity, a key measure of […]

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‘See the four Nigerian banks among world’s top 500’

FIRST Bank of Nigeria Limited, Guaranty Trust Bank Plc, Zenith Bank Plc and United Bank for Africa have been named among the world’s top 500 banks. A new study conducted by the United Kingdom-based The Banker Magazine gave this verdict. The 2016 The Banker and Brand Finance Top 500 Banking Brands report showed that First […]

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