“I am confident we have brought First Bank of Nigeria to a place where it is more than able to deliver” Ibukun Awosika, the former chairman of First Bank Nigeria Limited, says every step she took and decision she made when she held sway as the financial institution helmsperson was geared towards the growth of … Read more
The CBN alleged that Honeywell Flour Mill is enjoying unethical protection from First bank The Central Bank of Nigeria has given First Bank Nigeria Limited 48 hours ultimatum to retrieve loans given to Honeywell Flour Mill. The CBN said the move became imperative due to first bank failure to adhere to its orders. Ekohotblog had … Read more
The shareholders of the bank and FBN Holding Plc lacked the capacity to recapitalize the bank to minimum requirements.  The Central Bank of Nigeria (CBN) has fully weighed in on the fiscal and leadership crisis rocking First Bank Holding and First Bank Nigeria Limited. As part of the effort to reposition the and save … Read more
“In light of the foregoing, you are required to explain why disciplinary action should not be taken against the board” The Central Bank of Nigeria has said First Bank of Nigeria board removal of Adesola Adeduntan, its Managing Director/Chief Executive Officer, undermines the authority of the apex Bank. Consequently, CBN has issued first bank a … Read more
First Bank on Wednesday announced the appointment of Gbenga Shobo as the new Managing Director/Chief Executive Director The Central Bank of Nigeria (CBN) has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief Executive Officer, without regulatory approval. According to the News Agency of Nigeria (NAN), … Read more
First Bank of Nigeria Limited has appointed Mr Gbenga Shobo as the Managing Director/Chief Executive Officer of the bank. Until his appointment, Shobo was the First Bank Deputy Managing Director. First Bank of Nigeria Limited has appointed Mr Gbenga Shobo as the Managing Director/Chief Executive Officer of the bank. The bank’s Chairman, Mrs Ibukun Awosika, … Read more
Former First Bank Staff Sentenced To 98 Years Imprisonment For Monetary Extortion Ekohotblog, September 29, 2020… A former staff of First Bank of Nigeria Limited, Oreoluwa Adesakin has been sentenced to 98 years imprisonment for monetary extortion in the tune of N49m and $368,203.00 respectively. The banker was sentenced on Monday, September 28, 2020 by Justice Muniru Olagunju of the … Read more
First Bank has announced its donation of N1 billion towards the joint effort by the Nigerian Private Sector Coalition Against COVID-19 (CACOVID) to tackle the COVID-19 pandemic. The fund will be used to expand the health facilities; especially testing, isolation, treatment and the provision of Intensive Care Unit (ICU) facilities pivotal to controlling the spread … Read more
FBNInsurance bags Best Life Insurance Company in Nigeria at the World Finance Global Insurance Award, World Finance Magazine reports. The spotlighted firms, according to the magazine, are transforming the global insurance sector, with their use of technology and their desire to have a relationship with their customers; one that would be long-lasting. The Managing Director/CEO … Read more
The Managing Director/Chief Executive Officer of First Bank Nigeria Plc, Mr Adesola Kazeem Adeduntan, has pledged that the bank will support and partner Osun in Mining in order to create more employment opportunities and to help diversify the economy of the State. Adeduntan made this known at a meeting between the First Bank of Nigeria … Read more
Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited, has announced that within the last year, it has supported educational institutions in the country with loans in the sum of over 10 billion naira. Ekohotblog understands that the Bank’s support is carried out through its FirstEdu product, an educational solution created to … Read more
President Muhammadu Buhari on Wednesday, congtatulated Managing Director/Chief Executive Officer, First Bank, Dr Adesola Adeduntan, on his award of Distinguished Alumnus of the Year by Cranfield School of Management, United Kingdom. A statement signed by the Special Adviser On Media And Publicity, Femi Adesina read: “The President believes the award is a vote of confidence … Read more
Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited, has announced its educational solution – FirstEdu – specifically designed to enhance the educational facilities in schools. The FirstEdu product includes FirstEdu loan and FirstEdu portal. FirstEdu loan is targeted at private Nursery and Primary and Secondary schools to assist the schools in … Read more