The governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has announced the reinstatement of Sola Adeduntan, as the managing director and chief executive officer of First Bank of Nigeria Limited. He also ordered the immediate removal of all directors of FBN Limited and FBN Holdings Plc. Emefiele gave this directive during a media briefing […]
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It was a bloody affair as a gang of heavily armed robbers attacked the First Bank branch in Isanlu, headquarters of Yagba East Local Government Area in Kogi State. According to witnesses, the attack started at about 2:30 pm and left many persons. The gunmen, described to be criminal herdsmen and numbered about eight were […]
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The siege at the First Bank in Mpape, Abuja, which started Saturday morning, has ended, as the robbers have been arrested by a joint team of the police and military. One of the armed robbers was eventually killed by the superior firepower of the security agent. The attackers were said to have alleged that “an […]
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Four major Nigerian banks have engaged in a social media battle, throwing banters at each other on their Twitter handles. Those involved in the battle of wits are Sterling Bank, Access Bank, First Bank and Union Bank. The fight started when Sterling Bank tweeted a picture of its new marketing collateral. The picture depicted different […]
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Armed robbers on Thursday reportedly killed a policeman in an attack on a First Bank of Nigeria Limited in Ifaki-Ekiti, in the Ido/Osi Local Government Area of Ekiti State. The attack claimed the life of one Mobile Police (MOPOL) on duty at the bank premises. An eyewitness revealed that the robbery occurred at about 4.00 […]
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First Bank of Nigeria (FBN) has posited that the Nigerian Banks who took over 9mobile — formerly known as Etisalat Nigeria — are in the process of stabilising the telecommunication company before looking for new investors to buy into the company. Quoting First Bank, Reuters said the country’s fourth largest telecoms group will keep stability […]
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The Central Bank of Nigeria (CBN), on Tuesday, barred First Bank, Guaranty Trust Bank and 12 others from dealing in the Small and Medium Entreprises (SME) wholesale Forex window. The other banks affected by the order are FCMB, Keystone Bank, Main Street Bank, Stanbic IBTC, Citi Bank, Enterprise Bank, Ecobank, and WEMA Bank. United Bank for […]
Continue ReadingBad loans in Nigeria’s banking system soared to more than double the limit set by the regulator as the industry struggles with an economic downturn. The ratio of non-performing loans to total credit rose to 11.7 percent at the end of June from 5.3 percent at the end of 2015, the Abuja-based Central Bank of […]
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