FBN Holdings Plc

FBN Holdings Plc slashed net foreign exchange losses in the final quarter but a massive build-up of bad loan losses in the same quarter jerked up the group’s full-year figure to N411 billion, more than the preceding three years' credit…

Nigeria's equities market closed Thursday’s trading session on a high note, buoyed by strong performances by FBN Holdings (FBNH) which led market activities. The strong performance ended in an N134 billion gain as the market…

With the growth in loans and deposits from customers, Ecobank, and five other Tier-1 banks generated N169.05 trillion in total assets as of June 30, 2024, about 40.57 per cent increase from N120.3 trillion reported in 2023 financial year.…

FBN Holdings Plc has sold its 100 per cent equity in FBNQuest Merchant Bank Limited, its unified brand identity for the merchant banking and asset management businesses to EverQuest Acquisition LLP. Acting Company Secretary for FBN…

Five Deposit Money Banks (DMBs) benefitted from the hike of the Monetary Policy Rate (MPR) to 26.25 per cent, generating N2.75 trillion in income from loans and advances and investment securities by the half-year of 2024 This is about a…

The amendment to the Finance Act 2023, and the imposition of a one-time windfall tax on banks’ foreign exchange gains realised in their 2023 financial statements has impacted the value of eight Nigerian banks, causing a depreciation of N198…

Attaining 49.10 per cent Cost-to-Income Ratio (CIR) in 2023 financial year, FBN Holdings Plc ranks highest among Tier-1 banks in Nigeria amid increasing operational expenses. The bank in the 2022 financial year declared 61.70 per cent…

FBN Holdings Plc has announced Olusegun Alebiosu as the substantive Managing Director of its banking subsidiary, First Bank of Nigeria Limited (FirstBank). The Holdings in a statement on the Nigerian Exchange Limited (NGX) disclosed that…

FBN Holdings Plc rolled in foreign exchange losses of about N95 billion in the first quarter in a massive build-up for the second year after a whooping net foreign exchange loss of roughly N333 billion at the end of the 2023 financial year.…

Access Holdings Plc and four publicly listed Tier-1 banks in Nigeria incurred N243.96 billion in banking sector resolution costs to the Asset Management Corporation of Nigeria (AMCON) in the 2023 financial year. The levy for…