
First Bank







About eight Nigerian banks have reported an increase in interest incomes to the tune of N4.8 trillion in six months led by Zenith and Access Banks.

First Bank's parent company, FBN Holdings Plc, has agreed to sell its 100% stake in FBNQuest to EverQuest Acquisition LLP after a bidding process.

About six commercial banks in Nigeria have reported a surge in profit of N979.19 billion in the first half of 2024, with Ecobank leading the pack during the period.

Bank Chairmen have opposed the positions of Femi Otedola, First Bank Chairman, and United Bank of Africa Chairman, Tony Elumelu on the proposed windfall tax.

In 2023, FBN Holdings recorded gross earnings of N1.6 trillion, a 95.7% increase over 2022 while Profit before taxes rose to N350.59 billion a 126.86% gain.

According to a recent disclosure on the Ngx, Nigerian billionaire and businessman Femi Otedola has expanded his ownership share in FBN Holdings by 2.22%.

Nigerian billionaire Femi Otedola has reclaimed the position of majority shareholder in First Bank after acquiring additional shares ahead of his rival.

Olusegun Alebiosu has been formally appointed as the Chief Executive Officer and Managing Director of First Bank of Nigeria Limited accoridng to recent disclosure.

The combination of the military and the police have engaged a 15-man bank robbery operation in Abuja, three persons were gunned down as full details emerged.
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