First Bank

A Federal High Court, Lagos, has ordered First Bank Plc, to refund the sum of N1, 071,227,023.00 billion, erroneously received from Debt Management Office (DMO) as subsidy claims, Excess Bank interest and Foreign Exchange Differentials from…

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…

As the controversies over the $225.8 million owed First Bank of Nigeria Limited by General Hydrocarbons Limited (GHL) rage on, the lender has urged the Federal High Court, Lagos to uphold an order freezing the assets and accounts of the…

First Bank of Nigeria Limited (FirstBank) has alleged that General Hydrocarbons Limited (GHL) breached the loan agreement by diverting oil sales proceeds meant to repay the $225 million loan it collected. The bank which addressed its…

Outraged shareholders of First Bank, Nigeria’s oldest financial institution are seeking to stop the shocking bid by Femi Otedola, chairman of the holding company of the bank to embark on a private placement at a time the highly successful…

Justice Akintayo Aluko of Lagos Federal High Court, Wednesday ordered the interim forfeiture of N190, 277,634.2 million and $70, 811, 48, allegedly stolen by Muiz Tijani Adeyinka, a staff, from the First Bank of Nigeria to the Federal…

Leading Deposit Money Banks (DMBs) including Access Holdings Plc, Guaranty Trust Holdings Company Plc (GTCO), and Zenith Bank Plc, among others in Nigeria have again defaulted on the 65 per cent Loan-to-Deposit ratio policy of the Central…

FBN Holdings Plc reaped an unexpected harvest of almost N232 billion from fair value gain on financial instruments in the second quarter – which multiplied group-after-tax profit close to three and a third times to a record N187 billion in…

The plan by First Bank Nigeria Holdings (FBNH) Plc to raise fresh funds has triggered a shareholder crisis which culminated in a protest today by a section of the bank’s minority shareholders at its head office in Marina, Lagos. Some of…

First Bank Plc, has against come under the hammer of Port-Harcourt, River State, division of the National Industrial Court (NICN), for causing one of its former Senior staff, Mrs Francisca O. Richard, Psychological Trauma. …