News

First Bank: Why Stakeholders Wants Otedola Out

DailyTimesNGR DailyTimesNGR 9 January 2025 0

By Dooyum Naadzenga Billionaire Femi Otedola’s Leadership role at the First Bank of Nigeria is currently threatened as stakeholders at the bank are rallying for his removal from leadership positions. Concerns over declining financial performance and questionable governance practices have

Money

First Bank Restates Commitment To Financial Inclusion

Ihesiulo Grace 13 April 2023 0

By Temitope Adebayo First Bank of Nigeria Limited has reiterated its commitment towards financial inclusion in the country as it joined the rest of the world to participate in the 2023 edition of the Global Money Week (GMW) held recently. Global Money Week is an annual global awareness-raising campaign on the importance of ensuring that […]

Business

First Bank boosts customers business with retail products

Ihesiulo Grace 17 October 2022 0

By Temitope Adebayo First Bank of Nigeria Limited has announced its variety of retail products specifically designed to enhance the operations and sustenance of various businesses in the country. The products, which includes; Petroleum Dealership Finance (PDF), Operational Vehicle Finance (OVF) and Commercial Mortgage will strengthen the capacity of businesses to meet

Business Headlines

FirstBank moves to explore opportunities in non-oil export

Ihesiulo Grace 30 November 2021 0

First Bank of Nigeria Ltd has announced plans to explore opportunities in the non-oil export solutions to enhance the country’s economic diversification drive. This is contained in a statement made available to the News Agency of Nigeria (NAN) on Monday in Lagos. The statement was issued by the bank’s Group Head, Marketing/Corporate Communications, Mrs Folake […]

Business Headlines

Updated: First Bank Holdings: Nnamdi Okonkwo succeeds UK Eke

Ihesiulo Grace 28 October 2021 0

The Board of FBN Holdings Plc on Thursday announced the retirement of its Group Managing Director, Mr UK Eke, who would be succeeded by the immediate past Managing Director of Fidelity Bank Plc, Mr Nnamdi Okonkwo. Uke Eke is retired after successful completion of his two-term tenure at the FBN Holdings boss, which is contained […]

Business Headlines

Honeywell Group explains financial relationship with First Bank, says debts are being serviced

Ihesiulo Grace 3 May 2021 0

Honeywell Group has said it is servicing loan facilities obtained from First Bank of Nigeria Limited and other financial institutions to carry out its operations. The company, in a statement released in Lagos at the weekend, said like most companies, it utilises its own equity and borrows from banks and other financial institutions to carry […]

Business Headlines

First bank boardroom crisis: Ibukun Awosika opens up

Ihesiulo Grace 2 May 2021 0

*‘I have always acted with honour and integrity’ Days after her sack by the Central Bank of Nigeria (CBN) as Chairman of the Board of First Bank of Nigeria Limited, Dr (Mrs) Ibukun Awosika has absolved herself of blame, saying that every of her actions on the Board of the banking giant have always been […]

Business

First Bank reconstitutes board in line with CBN directives

Ihesiulo Grace 1 May 2021 0

PHILIP CLEMENT, ABUJA First Bank Nigeria Limited has reconstituted its board in line with the directives of the Central Bank of Nigeria. In a statement by the Bank, the reconstitution is with immediate effect for the smooth running of the financial institution. Recall that the governor of the Central Bank of Nigeria, Godwin Emefiele, in […]

Business Headlines

Confusion as CBN reinstates Adeduntan as First Bank MD, dissolves board

Ihesiulo Grace 30 April 2021 0

Motolani Oseni And Philip Clement Central Bank of Nigeria (CBN) has reinstated Sola Adeduntan as the Managing Director and Chief Executive Officer of First Bank of Nigeria Limited. Governor of the CBN, Godwin Emefiele, who made this announcement at a press briefing on Thursday, also ordered the immediate removal of all directors of FBN Limited […]

Business Headlines

Disgust as embattled CBN meddles in First Bank’s choice of Shobo as new MD/CEO

Ihesiulo Grace 28 April 2021 0

*How plot to influence succession failed The Board of First Bank Nigeria (FBN) Limited has approved the appointment of Mr. Gbenga Shobo, currently Deputy Managing Director, as its new Managing Director/Chief Executive Officer-designate. The lender after its board meeting yesterday explained that the decision was subject to all regulatory approvals. Gbenga succeeds Adesola

News

First Bank raises the bar in new CEO appointment, others

Ihesiulo Grace 28 April 2021 0

By Sam Nzeh The appointment of Mr. Gbenga Shobo as new Managing Director/CEO designate of First Bank Nigeria Limited on Wednesday by the Board of Directors of the bank has been commended by industry stakeholders who said with the appointment, the bank will no doubt raise the bar in delivery of financial services to its […]

Entertainment News

First Bank Chairman Awosika makes debut in Kunle Afolayan’s “Citation”

Ihesiulo Grace 1 September 2020 0

Chairman of First Bank, Dr. Ibukun Awosika, has made a surprise debut in Kunle Afolayan‘s upcoming movie, Citation, one news coming as a big surprise in the entertainment industry. Sharing the news on Instagram on Monday, filmmaker, Afolayan, said that the choice of Dr Awosika is due to her leading impact in women’s leadership and […]

News

Covid 19: Firstbank donates N1bn, reiterates commitment to safety of Nigerians

Ihesiulo Grace 30 March 2020 0

FirstBank has announced its donation of the sum of N1billion towards the joint effort by the Nigerian Private Sector Coalition Against COVID-19 (CACOVID) to rapidly expand the health facilities; especially Testing, Isolation, treatment and the provision of Intensive Care Unit (ICU) facilities pivotal to controlling the spread and importantly, treating individuals diagnosed

Business News

Oil&Gas Sector: Firstbank identifies funding as key to achieving local content

Ihesiulo Grace 13 February 2020 0

Group Executive, Energy Infrastructure, CBG, First Bank Ltd., Bashirat Odunewu, has identified funding as key to achieving local content in the county. Odunewu, who spoke on Wednesday as one of the panellists at a session at the ongoing Nigeria International Petroleum Summit (NIPS), in Abuja, on Wednesday. She said that funding projects that had local […]

News

Alleged forgery: IG gives DCP Legal 14 days to produce “missing” case file

Ihesiulo Grace 24 December 2019 0

The Inspector General of Police, Mohammed Adamu has ordered the Deputy Commissioner of Police (Legal) to return the case file in respect of allegation of forgery and threat to life reported by Whiteplains British School against First Bank PLC, Muftau Ande, Dibiaezue Chuks and Godwin Imakhai, to the DCP-lntelligence Response Team for conclusive investigation. The […]

Banking News

First Bank to employ 500,000 agents

Ihesiulo Grace 24 September 2019 0

The Chief Executive Officer (CEO), First Bank Nigeria PLC, Dr Adesola Adeduntan, said the bank will engage 500,000 agents across the country to ensure that its services were made available to people in every nook and cranny. Adeduntan made this known on Tuesday at opening of the 12th Annual Banking and Finance Conference of the […]

News

Police officer allegedly kills young man over verbal altercation

Ihesiulo Grace 27 June 2019 0

A young man reportedly died yesterday, after a policeman attached to a bank allegedly hit him with a wood during a verbal altercation with an unknown lady at the ATM in Enugu State. The incident took place at First Bank branch located at Nkwo Inyi in Oji River Local Government Area of the state on […]

Business

Firstbank promotes awareness of cyber security with Fireside chat

Ihesiulo Grace 28 May 2019

Temitope Adebayo Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited has announced that the fourth edition of its Fireside chat would hold on Friday, 31 May 2019 at its Digital Innovation Lab in Yaba, Lagos. The topic, Cyber Security in Digital Payments, would be delivered by Dr. Obadare Peter Adewale (Co-Founder […]

Business

Glo EVC, Bella Disu, 65 others clinch IoD certification

Ihesiulo Grace 5 March 2019 0

The Executive Vice Chairman, Globacom, Mrs Bella Disu, and 65 other Directors of various organisations have clinched the certification of the prestigious Institute of Directors (IoD). The 66 directors were admitted into the body of directors at the February 2019 New Members Induction ceremony of the Institute held at Eko Hotels last Thursday. While Mrs […]

Business

FirstGem initiative: FirstBank promotes female independence, entrepreneurship

Ihesiulo Grace 21 November 2018 0

First Bank Limited has restated its determination to continually promote female independence and entrepreneurship through one of its numerous initiatives called FirstGem. Women from all walks of life would converge at the Harbour Point Event Centre, Victoria Island, Lagos for the second anniversary of the launch of FirstGem. The lender in a statement explained that […]