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…
FBN Holdings Plc has announced its unaudited results for the half year ended June 30, 2022 with a gross earnings of N359.2 billion. In a statement on Friday, the company explained that the gross earnings indicated an increase of 22.4…
By Philemon Adedeji INTRODUCTION FBN Holdings’ unaudited financial results for the period ended 31st March 2022, indicated that huge profit was able to be generated during the period and this huge profit generated made it to stay in a balance…
Femi Otedola offloads 834m shares of FBN HoldingsOne of Nigeria’s most respected bank holding companies, FBN Holdings announced its largest single shareholder Femi Otedola has sold down about 834 million shares of FBN Holdings in a deal valued at about…
