The National Bureau of Statistics (NBS) has said that the total value of capital importation into the country has declined by 2.40 per cent to $1.54 billion in the second quarter of the year (Q2 2022) compared to $1,57 billion in the preceding quarter. However, when compared to the corresponding[Read More…]
Business
FirstBank commemorates its annual Corporate Responsibility & Sustainability week and promotes kindness across over 7 countries
The FirstBank CR&S Week is a dedicated week designed to offer opportunities for employees to give their time & resources to defined causes in line with the Bank’s CR&S strategic approach; The FirstBank CR&S Week is held in Nigeria and 7 other countries: United Kingdom, Ghana, DRC, Guinea, Sierra Lone,[Read More…]
FIRSTBANK COMMEMORATES 2022 INTERNATIONAL YOUTH DAY, DEDICATING THE WEEK TO CELEBRATING THE YOUTH
First Bank of Nigeria Limited has announced its commemoration of the 2022 International Youth Day, globally celebrated today, 12 August 2022 and themed “Intergenerational solidarity: Creating a World for All Ages.” The International Youth Day is commemorated every year on 12 August, bringing youth issues to the attention of[Read More…]
FIRSTMONIE AGENTS TRANSACT OVER 1 BILLION TRANSACTIONS, REINFORCES FIRSTBANK’S LEADING ROLE IN PROMOTING FINANCIAL INCLUSION IN NIGERIA
The Bank’s Firstmonie Agents play a critical role in promoting financial inclusion in the country The Bank currently has over 180,000 Firstmonie Agents spread across 772 Local Government Areas in Nigeria Since 2020, FirstBank has economically empowered thousands of its Firstmonie Agents with over 100 billion naira credit facility First[Read More…]
FIRSTBANK: LEVERAGING DIGITAL BANKING SOLUTIONS FOR EXCELLENT PERFORMANCE
In First Bank of Nigeria Limited, virtually all the indices are looking bright. From a stellar performance in its last year and first quarter of 2022 operations to the unleashing of its robust digital banking solutions in its operations, analysts say its current management deserves accolades for preparing the bank[Read More…]
FirstBank – Reaping the Benefits of a Solid Legacy
FirstBank delighted investors with a pleasant surprise when it announced stellar results confirming that its turnaround strategy pinned on the pillars of innovation, resilience and digging deep is working. Its profit after tax spiked 108% to N32.4billion on the back of massive loan recoveries and a sharply lower level of[Read More…]
EXCITEMENT IN SHAREHOLDERS’ CAMP AS FIRSTBANK SHEDS NPL BURDEN
With a significant cut in its impairment charges (which translates into a clean loan book) in its 1Q, 2022 results, after it successfully brought down its non-performing loan to 6.1 per cent in 2021 full year performance, analysts say the repeat of the impressive performance of FirstBank in the first[Read More…]
FirstBank Bounces Back to its Leadership Position, Delivers a Fantastic Performance in 2021
As financial market analysts continue to digest the 2021 financial results of the FirstBank Limited, which they say reflect the return of the banking conglomerate to its leadership position, Festus Akanbi writes that the regime of strong fundamentals which the robust performance represents is in tandem with the ongoing restructuring[Read More…]
CIBN Lagos Set To Build Eight Story Edifice
The Chartered Institute of Bankers of Nigeria, Lagos State branch is set o build an eighth story Edifice in Lagos for effective and efficient service delivery. Speaking during turning the sod/ groundbreaking ceremony recently in Lagos, Branch Chairman, CIBN, Lagos State Branch, Peter Ashade who was represented by the branch[Read More…]
Report says Billionaire Aliko Dangote Allegedly Broke, Can’t Meet 2023 Refinery Completion Target
Fitch, the world’s biggest global rating agency has alleged that Africa’s wealthiest man, Aliko Dangote is broke. It alleged that his company, Dangote Industries has limited financial flexibility with which to complete its refinery. Fitch is basing its allegation on the timely completion or lack thereof of the project, adding[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…]