First Bank Nigeria

FirstBank reiterate commitment to ethics, corporate governance

FirstBank Nigeria Limited has reiterated its commitment to the promotion of sound business ethics in students of Nigerian universities as well as to continuously uphold good corporate governance in all its operations. Head, Corporate Responsibility, Marketing and Corporate Communications, FirstBank, Ismail Omamegbe, said this in Lagos at the National Final of the 2018 Ethics Challenge […]

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First Bank to reward customers using its Verve Card

The First Bank of Nigeria has unveiled a reward scheme for customers that use their Verve Card usage in its Free Fuel Friday promotion. The free fuel Friday promo which was activated by FirstBank in collaboration with Verve International and OVH Energy Marketing, a licensee of the Oando retail brand, commenced on Friday, 19 October […]

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Sleeping giant, First Bank seeks over ₦8.86bn debt from Arisekola’s family

On the heels its failure for seven years to recover its whooping bad debts of over ₦700 billion, Nigeria’s major financial institution, First Bank of Nigeria, seems to have woken from its slumbers as it just renewed legal hostilities with one of its debtors, Lister Flour Mills Nigeria Limited owned by the late Ibadan socialite […]

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First Bank Nigeria

FirstBank, NURTW collaborate on agent banking

First Bank of Nigeria Limited and the National Union of Road Transport Workers have entered into a partnership for the establishment of agent banking services at bus parks across the country. According to FirstBank, the move will bring banking services closer to operators of commercial vehicles at various parks in the country. Speaking at the […]

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Breach of contract: Court orders First Bank to pay Olisa Agbakoba ₦271.3 million

Nigeria’s major banking institution, First Bank of Nigeria Plc, has found itself in another trouble as a Federal High Court , sitting in Lagos has ordered it to pay Chief Olisa Agbakoba (SAN), a total sum of 271,368,454.85 million in general damages for mismanaging his share portfolio investment account. Mr. Babatunde Ogungbamila, Lawyer to the […]

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7-years after, FBN Holdings fails to disclose bad debts on ₦700bn provisioning

Nigeria’s foremost banking institution, First Bank of Nigria Holdings Plc, has lately been emeshed in controversy bothering on lack of trust of its stakeholders, particularly its shareholders, following its failure as a publicly quoted entity, to disclose how it has handled the issue of of its bad debts. The banking institution, was particularly berated for […]

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First Bank Nigeria

FirstBank to reward customers using its Naira MasterCard

First Bank of Nigeria Limited has announced a promotional campaign to reward its customers for using their FirstBank Naira MasterCard for international transactions. The bank said in a statement that the promo would run for four months, beginning in July through October. According to the statement, the FirstBank Classic MasterCard Debit, Platinum MasterCard Debit, and […]

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Godwin Emefiele

CBN, 3 banks get ₦12 billion dividend from investment in AFC

The Nigeria’s Central Bank, CBN, and three other banks in the country received $41.736 million dividends (₦12.938 billion) in 2017 from their investments in regional multinational financial institution, the Africa Finance Corporation, AFC. The other banks, according to data obtained from the AFC’s 2017 Financial Report, are United Bank for Africa Plc, Access Bank Plc […]

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First Bank to help 10,000 visually impaired Nigerians

First Bank of Nigeria Limited on Tuesday unveiled plans to deepen its intervention in the health sector with the empowerment of 10,000 visually impaired Nigerians. The 10,000 visually impaired low-income Nigerians, according to the bank, will be provided with free pairs of eye glasses. The glasses are to be distributed to them within a period […]

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Ibukun Awosika

First Bank chairman, MD convicted for contempt

The Chairman of First Bank of Nigeria Limited, Mrs. Ibukun Awosika; and managing director, Dr. Adesola Adeduntan, may be on their way to prison in the next three months, if the of contempt of court. verdict of the Federal High Court delivered against them in Lagos on Wednesday is upheld They were convicted for contempt as […]

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Godwin Emefiele

Emefiele in unannounced visits to First Bank, UBA, Zenith, inspects dollar sales

Mr Godwin Emefiele, Governor, Central Bank of Nigeria (CBN), on Monday paid an unannounced visit to First Bank, UBA and Zenith banks offices in Abuja to inspect sales of foreign currencies to customers. He said that the visit was to ascertain banks compliance with the new directive by the CBN to sell foreign currencies to […]

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FirstBank rewards payment card promo winners

First Bank of Nigeria Limited, in partnership with Visa International, has announced the emergence of two winners, Mrs. Hadizat Bello and Mr. Ado Ibrahim Idris, in the FirstBank Visa Gold Card issuance and usage promo. The lender said the promo draw took place at his head office in Lagos, adding that the winners along with […]

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