The SMDP is an intensive skill development programme structured to enhance core leadership and business competencies of selected senior management staff within the Bank and 20 successful participants were graduated in the recently concluded fourth edition. SMDP is one of the three core leadership programmes aimed at internally identifying[Read More…]
Business
₦10 billion Bond: Parthian Partners lauded for prompt payment of second coupon
Leading Nigerian interdealer broker, Parthian Partners Limited, has announced the successful payment of the second coupon on its NGN10 billion 3-year fixed-rate senior unsecured short-term Bond. The payout, which comes just six months after the settlement of the first coupon paid earlier on 27th January 2023, has been lauded for[Read More…]
Transgenerational Wealth Transfer Climaxes Discussion in the Cordros Wealth Summit 2023
Issues around transgenerational wealth transfer were the crux of discussion at the Cordros Wealth Summit 2023 held recently in Victoria Island, Lagos with the theme: “The Future of Wealth”. The Cordros Wealth Summit brings together ultra-high-net-worth investors, industry leaders, and stakeholders to engage in insightful discussions, collaborate on groundbreaking strategies,[Read More…]
FBNHoldings Posts N206b Half-Year Profit
FBN Holdings Plc (FBNHoldings) has posted N206 billion profit before tax in the first half of the year. The six-month report for the period ended 30 June 2023 showed that the company grew gross earnings and profit before tax to N656.6 billion and N206.3 billion respectively. Group Managing Director, FBN[Read More…]
Firstbank Introduces First Humanoid Robot
FirstBank has launched an industry first Humanoid Robot at its Adetokunbo Ademola VI, Lagos Digital Experience Centre (DXC) Branch. The robot is among the phased configuration of the banks state-of-the-art digitally led self-service branch The Humanoid Robot is equipped with Video Banking and Artificial Intelligence (AI), taking on the role[Read More…]
IT’S FIRSTBANK’S FINEST HOUR Dazzles stakeholders with growth across key metrics
Rising from a lower profit margin of N10.2billion and a debilitating Non-Performing Loan portfolio of 45 per cent in 2015, to an impressive profit of N147billion and a significantly lowered NPL rate of 5.6 per cent in 2022, FirstBank has proven that its back-to-back profit-making is far beyond recoveries made, but[Read More…]
CNBC AFRICA INTERVIEW WITH MR OLUSEYE OLUSOGA, MD/CEO OF PARTHIAN PARTNERS LIMITED ON *NIGERIAN ECONOMIC REFORMS AND EXCHANGE RATE UNIFICATION*
*CNBC Africa: What would it take for Nigeria to successfully unify exchange rates. This is one of the priorities for Nigeria’s President, Bola Tinubu.* Seye Olusoga: Unifying exchange rates is a difficult task that must be done and would require a lot of courage to achieve. An attempt to unify[Read More…]
Firstbank Sponsors Timeless Concert by Davido
The much-anticipated timeless concert by David “Davido” Adeleke, unarguably one of Nigeria’s biggest music exports of all time, was an electrifying music showpiece that further reiterated the lofty height and growth that has defined the Nigerian Music industry in recent years as Nigeria’s premier banking giant, FirstBank once again, threw[Read More…]
SMEs Account for the Majority of Business Enterprises Globally – BOI CEO
The Managing Director/Chief Executive Officer of the Bank Of Industry, Okukayode Pitan has said that, Globally, SMEs account for the majority of business enterprises by contributing to production output, exports, and boosting innovation, which represents hallmarks of economic growth in most economies contributing between 40-55% of GDP and 50-80% of[Read More…]
CBN Charges African Regulators to Avoid Bank Failure
The Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, has called on the governors of Central Banks and other African financial sector regulators to be more vigilant in their regulatory and supervisory roles to forestall any run on banks in their respective jurisdictions. A statement from CBN said,[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]