By Philemon Adedeji Yesterday, trading activities on the Nigerian Exchange Limited (NGX) closed bearish halting a four-day winning streak amid selloffs in telco heavyweight, MTNN (-3.44 per cent) alongside First Bank Holding of Nigeria (FBNH) (-4.87 per cent) and WAPCO…
Financial services, FBN Holdings Plc, has said it will raise fresh capital subject to the approval of shareholders at the group’s annual general meeting scheduled for next month. This was contained in the group’s notice of its 11th annual general…
The top Five banks at the Nigerian Exchange Limited (NGX) experienced a 10.48 per cent appreciation in market capitalisation resulting in a gain of N315.49 billion for investors. FBN Holdings and United Bank for Africa (UBA) were the top gainers…
Profits at FBN Holdings, the parent company of Nigeria’s oldest bank, First Bank increased by 54.4 per cent growth to N50.09 billion, hitting a decade high, analysis showed. The financial services group reached the revenue milestone riding on the wave…
Our attention has been drawn to false news making the rounds that an order of arrest has been made against the MD of FirstBank whilst using the name and image of the GMD of FBN Holdings. We wish to state…
…As UBA takes the lead By Philemon Adedeji A total of six banks grew depositors’ fund significantly to N22.5 trillion in the third quarter (Q3) 2022, reflecting an increase of 10.5 per cent from N20.35 trillion reported in 2021 financial…
By Philemon Adedeji First Bank Holding of Nigeria (FBNH), in its unaudited financial results for the period ended September 30th, 2022, submitted to the Nigerian Exchange Limited (NGX), saw its loan and advances increase significantly that it impacted on interest…
Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDRs) of FBN Holdings Plc (FBNH) and its subsidiary, First Bank of Nigeria Ltd. (FBN), ‘B’ from ‘B-’ with a stable outlook. Fitch also upgraded their Viability Ratings (VR) to ‘b’…
The National Pension Commission (PenCom) says it has approved the acquisition of Access Pension Custodian Limited by First Pension Custodian Limited. FBN Holdings Plc, had through its subsidiary First Pension Custodian Limited, agreed with Access Bank Plc to buy out…
FBN Holdings Plc has approved the appointment of Samson Oyewale Ariyibi and Patrick Iyamabo as Executive Directors of the company. According to a disclosure signed by Adewale Arogundade, Acting company Secretary, Samson will serve as the Executive Director, Investment Management…
