First Bank

BREAKING: Dangote Refinery Slashes Petrol Price To N899.50 per Litre

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NNPCL Drops Petrol Price

Dangote Refinery reduces PMS price to N899.50 per litre. Price cut aims to ease transport costs during holidays. Consumers can buy extra litre on credit with bank guarantee. Dangote Petroleum Refinery has announced a reduction in the price of its Premium Motor Spirit (PMS) to N899.50 per litre, effective immediately. The announcement was made in … Read more

First Bank Sacks Over 100 Employees After N40 Billion Fraud Scandal

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First Bank of Nigeria has terminated over 100 employees following the revelation of a N40 billion fraud orchestrated by Tijani Muir Adeyinka, a manager in the operations team, Eko Hot Blog reports. EDITOR’S PICKS ‘Demonstration Continues’ – Lagos Protest Organizers Declares ‘FG’s Policies Major Cause Of Hardship’ – Obaseki Reacts As Edo Protesters Worship On … Read more

Central Bank of Ghana Halts Forex Trading Licenses For GTB And First Bank Citing Fraudulent Documentation

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Eko Hot Blog reports that Guaranty Trust Bank Ghana Limited (GTB) and FBN Bank Ghana Limited (FBN) are facing a notable development as the Central Bank of Ghana has decided to suspend their Foreign Exchange Trading Licences. This suspension, effective from March 18, 2024, is set to last for a month. Editor’s Pick “Binance Traders … Read more

Net Open Operation: Reps Uncovers Five Banks Withholding $5bn Forex

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Eko Hot Blog reports that the House of Representatives on Wednesday uncovered five banks withholding five billion dollars in forex. Worried by the instability in the foreign exchange market in the country, the House mandated the joint Committees on Banking Regulations and Banking Institutions to conduct an investigative hearing into the non-compliance by banks and … Read more

JUST IN: Femi Otedola Emerges As First Bank Board Chairman

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Eko Hot Blog reports the First Bank of Nigeria (FBN) Holdings has appointed Femi Otedola, a billionaire businessman and investor, as the new chairman of its board of directors. The financial institution made the disclosure in a corporate filing on the Nigerian Exchange Limited (NGX), notifying investors of the new development. Rumours first emerged in … Read more

Naira Scarcity: Properties Looted As Hoodlums Ransack, Destroy Banks In Rivers

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Hoodlums have destroyed three commercial banks in Rivers State. The affected institutions are First Bank, Keystone Bank, and the  First City Monument Bank. The hoodlums reportedly looted computer monitors, desktops, water dispensers, and other items inside the bank. EKO HOT BLOG reports that during a protest against the Central Bank of Nigeria’s naira redesign policy, … Read more

Naira Crisis: Angry Mob Sets Access, Union, First Bank Ablaze In Delta [PHOTOS]

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  • An angry mob has reportedly burned down Access Bank, Union Bank, and First Bank in Delta.

  • The protest started peacefully on the streets of Udu before it turned violent.

  • Also, in Oyo and Osun, there have been violent protests over the scarcity of fuel and the new naira notes.

EKO HOT BLOG reports that Some hoodlums who joined protesters on Wednesday set ablaze Union, Access Bank, and First Bank branches in Udu area of Warri, Delta State.

The protest against the scarcity of the new Naira notes began on the streets of Udu before it turned violent, resulting in the burning of buildings by some hoodlums.

EDITOR’S PICKS 

In the South-west states of Oyo and Osun, there have also been violent protests over the scarcity of fuel and the new naira notes.

On Wednesday, Governor Samuel Ortom of Benue State asked the Federal Government to review its Naira policy “before the situation gets out of hand.”

FURTHER READING

According to him, “this is the worst policy done by the Federal Government.”

Click here to watch our video of the week:

CBN Plunges Nigerians Into Confusion As Banks Reject Old Naira Notes

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The CBN’s naira redesign policy has been a source of suffering and confusion for Nigerians in recent weeks. The Supreme Court seemed to give respite to Nigerians last week after ordering the apex bank not to enforce its deadline for phasing out the old naira notes. However, some commercial banks have stopped collecting the old … Read more

BREAKING: Kogi Govt Seals First Bank Branches Over Alleged Tax Evasion

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Kogi State Government has sealed-off all First Bank Nigeria PLC branches operating in the State.   EKO HOT BLOG reports that the action was on the order of a Kogi High Court sitting in Lokoja.   EDITOR’S PICK  Lagos Court Remands Six Men For Allegedly Inflicting Injury On Woman, Others Gbajabiamila Makes Fresh 10 Appointments … Read more

VIDEO: Aboki Makes Scene At Bank After Millions Of Naira Mysteriously Turned Paper

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Aboki Makes Scene At Bank

Aboki Makes Scene at Bank After His Millions of Naira he Carried Inside His Bag Mysteriously Turned Into Paper  The Aboki man could be heard saying ” Give me my money, give me my money in the bank EDITOR’S PICK Rejection Of UTAS Will Prolong Strike Action – ASUU Osun 2022: Oyetola, Adeleke Makes INEC … Read more

CBN Recruitment 2022/2023 Application Form Portal

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CBN Recruitment

Apply for CBN Recruitment 2022/2023 Application Form Portal below. EKO HOT BLOG reports that the CBN recruitment 2022 portal is currently open for online applications. This online media platform outlines the necessary guidelines that will increase your chances of being recruited in the CBN 2022 recruitment exercise. Read Also: JAMB Includes 21 New Texts For English, … Read more

FULL LIST: CBN Removes ATM Maintenance Fee, Cuts Other Bank Charges

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CBN

CBN has removed ATM maintenance fee and also reduced other bank charges. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has reviewed charges and rates for electronic banking operations in the country. The development was disclosed in the CBN new ‘Guide to Charges to Banks Other Financial and non-financial, on Thursday, 27th … Read more

First Bank Rewards Customers In Transact And Win Promo

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Getting rewarded for spending money is a dream that is probably going to remain exciting for many people, but not for the Firstmonie Wallet users. Eko Hot Blog reports that in a two month Transact and Win campaign that started on November 22, 2021, First Bank of Nigeria Limited is rewarding several customers for carrying … Read more

BREAKING: CBN Approves Abdullahi To Succeed Babalola As FBNH Chairman

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CBN has approved Abdullahi to succeed Babalola as FBNH Chairman. Eko Hot Blog reports that the Central Bank of Nigeria has approved the appointment of Alhaji Ahmad Abdullahi as non-executive Director of First Bank Holding Plc and Chairman of the company This follows the recent resignation of the former Chairman of the company, Mr Remi Babalola. The CBN’s approval of … Read more

Wigwe’s Blueprint for Access Bank Aggressive African Expansion

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Access Bank

The Managing Director/Chief Executive of Access Bank Plc, Mr Herbert Wigwe, in an interview with Cable News Network (CNN) speaks on the bank’s move to break more grounds and expansion move into other African nations EKO HOT BLOG gathered that Access Bank Plc is putting in more effort to conquerer the African nations in a … Read more

FBN Speaks On Femi Otedola’s Acquisition

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FBN, Femi Otedola

FBN has spoken about the acquisition of a majority stake in the company by Femi Otedola.   EKOHOTBLOG reports that FBN Holdings Plc, the holding company for First Bank of Nigeria Limited, has said that it is not aware of the widely-reported share acquisition of the company by Femi Otedola.   This online news platform recalls that reports … Read more

Femi Otedola Acquires First Bank

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Femi Otedola

Femi Otedola has acquired First Bank.   EKOHOTBLOG reports that that Nigerian billionaire businessman, Femi Otedola, has acquired First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider largest share, after he bought about N30 billion worth of shares from the financial institution.   An exclusive report monitored on The Street Journal monitored by  EKOHOTBLOG disclosed that … Read more

Opinion: For First Bank Of Nigeria 125 Years Is Not Just A Number

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Femi Otedola

By Bashorun J K Randle The combination of One plus Two and Five – making eight has significant implications amongst magicians, tarrot card readers, fortune tellers, snake charmers and pentecostal preachers of prosperity, who insist that it is supercharged with spiritual dimensions. Regardless, we must abandon metaphysics and concentrate instead on heartily congratulating our nation’s … Read more

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