Financial performance of FBN Holdings Plc tumbled in the half year ended June 30, 2017 hammered by more than ₦491 billion Non-Performing Loans (NPLs) and ₦62.4 billion impairment charge for credit losses. This implies that over ₦100 billion that otherwise would have accrued to shareholders in profits was lost in the course of the year. […]
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 […]
Read More
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) […]
Read More Foremost Nigeria’s financial institution, First Bank of Nigeria Holdings (FBNHoldings) or the “Group”) has recorded a gross earnings of ₦581.8 billion for its year ended 31 December 2016 activities. The institution’s audited results for the period released to investors via the Nigerian Stock Exchange showed a gross earnings of ₦581.8billion, up 15.7 per cent year-on-year […]
Read More
Managing Director of First Bank Nigeria Plc, Dr. Adesola Adeduntan, has advised Nigerians to cultivate the habit of saving their monies in the bank for future use rather than resorting to home banking. Adeduntan stated this on Thursday in Calabar, Cross River State while educating pupils of St. Patrick’s College in Ikot-Ansa on financial literacy. […]
Read More
