Nigeria’s five biggest banks, First Bank, United Bank for Africa (UBA) Plc, Guaranty Trust Holding Company, Access Bank, and Zenith Bank ended the week on a...
Nigerian banks have posted a gross earning of N3.06 trillion in the first nine months of 2021, according to data collated from the third-quarter earnings of...
First Bank Nigeria (FBN) Holdings reported low turnover in three months period of third quarter 2021, as gross earnings and profit declined by 4.96 percent and...
Governor of Central Bank of Nigeria (CBN) Godwin Emefiele, has said the financial regulator will take action on the ownership tussle at First Bank Nigeria Limited...
It’s been over 48 hours since Ripples Nigeria disclosed that Tunde Hassan-Odukale isn’t the majority shareholder as First Bank Nigeria (FBN) Holdings made their investors believe....
Oba Otudeko, chairman, Honeywell Flour Mills Plc (HFMP) plans to sell his indirect stake in the company to Flour Mills of Nigeria (FMN) as the latter...
This week’s stocks watchlist consist of First Bank, Vitafoam, Conoil and Cutix, with the firms getting a mention due to capital market activities and on-field. Ripples...
The Nigerian Pension Commission (PENCOM) has addressed the blow out from the leadership tussle between Tunde Hassan-Odukale and Femi Otedola in First Bank Nigeria (FBN) Holdings....
Change, they say is constant, and First Bank Nigeria (FBN) Holdings seems to be ripe for one, as the lender’s management continues to drag the company...
The capital market declined slightly by 0.05 percent, as the Nigerian bourse free fall continues from last week. The decline costed shareholders N11.83 billion, as the...
The Economic and Financial Crimes Commission (EFCC) has reportedly questioned the newly appointed Managing Director of First Bank of Nigeria Holdings Plc, Nnamdi Okonkwo, in connection...
The Nigerian capital market over-performed this week as investors traded 1.471 billion shares worth N20.941billion in 20,410 deals. This was in contrast to the 1.428 billion...
It seems First Bank’s attempt to douse the chaos around the lender in the capital market failed to sway investors confidence following the leadership tussle between...
First Bank Nigeria Holdings has weighed into the leadership tussle between Tunde Hassan-Odukale and Femi Otedola, following a take over attempt witnessed in H2 this year....
UPDC, BOC Gases Nigeria, Studio Press, and First Bank made their way into Ripples Nigeria’s Stock-To-Watch list for this week amid multiple takeover and failure to...
FBN Holdings (FBNH) Plc, the parent company of First Bank, on Saturday confirmed that Femi Otedola has acquired a 5.07 percent equity stake in the lender....
FBN Holdings Plc has denied knowledge of the acquisition of significant shareholding by billionaire businessman, Femi Otedola in the company. The media had been agog with...
Femi Otedola has reportedly acquired a majority share in First Bank as the Nigerian billionaire plots a takeover of the lender following the ouster of Oba...
The former chairman of First Bank, Oba Otudeko and the Group Managing Director of the bank, Urum Eke, lost a combined N608.32 million in one day...
Stocks to watch this week consist of MTN Nigeria, First Bank, Airtel Africa and Cornerstone Insurance. Their selection has been based on different factors that occurred...
The Nigerian stock exchange ended last week in a high following an increase in investment, as investors acquired 1.048 billion shares worth N11.543 billion in 17,233...
There were several activities in the business community last week, with companies conducting initial public listing or having their financial strength called into question. This is...
First Bank has been given a negative rating by international credit rating agency, Fitch, following the Central Bank of Nigeria (CBN) clampdown on the lender for...
The stock market ended the week in a decline after investors traded 1.419 billion shares worth N15.918 billion in 18,459 deals. This week’s floor trading was...
Ratings agency Moody’s has revealed it has placed First Bank of Nigeria deposit ratings on review for downgrade, after the central bank sacked the board of...
Shareholders of First Bank and investors are still battling with uncertainty following the leadership tussle and clampdown by Central Bank of Nigeria (CBN) which led to...
The stock market continues to decline two days after the Workers’ Day holiday, as the equity capitalisation declined to N20.63 trillion on Wednesday, against the N20.83...
The business community was entertained by confrontation between regulators and companies last week. The companies involved in this faceoff didn’t come out as winners, as shareholders...
One of the sacked board members of First bank OF Nigeria, Mrs Ibukun Awosika, has taken to social media to react to the Central bank of...
FBN Holdings has confirmed that it has obeyed the directive of the Central Bank of Nigeria (CBN) to reinstate its sacked Managing Director and Chief Executive...
The Central Bank of Nigeria has assured depositors with First Bank not to panic that their money is safe. CBN Governor, Godwin Emefiele’s issued a statement...
The stock market reacted negatively to the faceoff between the Central Bank of Nigeria and First Bank, as shareholders dumped shares of the lender, an investors...
Following what many analysts have described as shocking, the Central Bank of Nigeria (CBN) has listed reasons why it took the decision to sack all the...
The Governor of the Central Bank of Nigeria, Godwin Emefiele has sacked all directors of First Bank of Nigeria and First Bank of Nigeria Holdings. The...
The Central Bank of Nigeria (CBN) has described First Bank of Nigeria’s new board appointments which includes Gbenga Shobo as Managing Director and Chief Executive Officer...
The Board of Directors of First Bank of Nigeria Limited has approved the appointment of Mr. Gbenga Shobo as its Managing Director and Chief Executive Officer...
During the just concluded trading week, over 1.67 billion shares worth N23.54 billion exchanged hands in 21,732 deals. This shows less activities occured in the capital...
As Nigeria’s stock market continued its bear run, there were some companies that caught the eye of Ripples Nigeria last week, though the stock market had...
One Philip Orumade, an ex-banker has been arraigned in court for allegedly stealing N18 million from Automated Teller Machine (ATM) belonging to First Bank Pic. A...
A former staff of First Bank of Nigeria Limited, Oreoluwa Adesakin, has been handed a cumulative 98 years in prison by Justice Muniru Olagunju of the...
The Benin Zonal Office of the Economic and Financial Crimes Commission, EFCC, has arrested a staff of First Bank of Nigeria Plc, Philips Orumade, for allegedly...
The Office of the Accountant General of the Federation (OAGF) on Tuesday released a framework on how the COVID-19 funds should be administered. The COVID-19 funds...
Staff of FirstBank, Main branch, Kano, have been advised to self-isolate as the management on Saturday confirmed the death of Abdullahi Lawal, one of its staff....
A customer care officer with First Bank Plc, who was arrested over the robbery attempt on the Mpape, Abuja Branch of the bank has narrated his...
Operations of one of Nigeria’s oldest banks, First Bank Nigeria may be disrupted from today (Thursday) if it goes ahead with an alleged plan to retrench...
A customer relationship manager with First Bank of Nigeria Limited, Kehinde Adewuyi, has been arraigned before an Igbosere Magistrates’ Court for allegedly stealing the sum of...
MTN Nigeria Communications Plc has signed a medium term N200 billion loan facility with seven Nigerian banks for a period of seven years. Speaking at the...
The Nigeria Basketball Federation President, Engr. Musa Kida has urged First Bank Basketball Club of Lagos to go for broke and maintain their unbeaten run when...
Despite the improving macroeconomic environment, the banking industry seems likely to continue to grapple with Non-Performing Loans (NPLs), in the short-term at least, as financial results...
Contrary to speculation in some quarters, the expiration, yesterday, of the deadline set by the Federal High Court, Abuja, for Deposit Money Banks (DMBs) in the...
