Business

 The Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria, of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals.    Speaking to a group of Energy Editors at a one-day training programme, organised by the Dangote Group, Edwin said the […]

Nigerian billionaire Femi Otedola, the Chairman of FBN Holdings, has acquired an additional 2.22 per cent stake in First Bank.   This was disclosed in a corporate filing on the Nigerian Exchange Group on Monday.   With this latest purchase, Otedola’s shareholding in the bank has increased to 11.63 per cent, solidifying his position as […]

Olusegun Alebiosu has been appointed as the Acting Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank Group), effective April 2024.     Alebiosu steps into this pivotal role from his previous position as the Executive Director, Chief Risk Officer, and Executive Compliance Officer, a position he held since January 2022.   Alebiosu […]

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has continued to elevate its global standing, coveting several prestigious international awards, signaling the Bank’s continuous contributions to the economic development of Africa.   The recognition of the bank’s outstanding performance reaffirms its status as a leading player in the financial industry with critical financial intermediation, […]

…Market Cap Hits N1.022tn …Emerges Best Performing Banking Stock in 2023 Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Monday joined the elite group of companies with market capitalisation of over N1tn just as its share price value hits N29.90 per share.   At the close of trading on Monday, the Bank’s market […]Read More

   As Nigeria grapples with a foreign exchange crisis, one person stands out in the scramble to obtain hard currency: Aliko Dangote, Africa’s richest man.   When the government restricted the supply of dollars in June 2015 to prop up the value of the Nigerian naira, firms owned by Dangote landed a healthy share of […]

The vibrant city of Lagos played host to a spectacular celebration of life as Dr. Bisi Onasanya, a distinguished banker and the Chairman of The Address Homes, bid a grand farewell to his beloved mother, Mrs. Selimot Olaleye Elizabeth Onasanya (Nee Folorunsho) who transitioned to glory on November 18, 2023, at the ripe age of […]

First Bank of Nigeria Limited has announced its variety of retail products specifically designed to enhance the operations and sustenance of various businesses in the country. The products: Petroleum Dealership Finance (PDF), Operational Vehicle Finance (OVF) and Commercial Mortgage will strengthen the capacity of businesses to meet their immediate and long-term needs which are required […]

First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its commemoration of the 2022 edition of the Customer Service Week scheduled to be globally celebrated on 3 – 7 October 2022.      The event themed: “Celebrating Service” will be marked across its FBNBank subsidiaries in over half a […]

The roof is already getting raised with #FirstBankIssaVybe, #DecemberIssaVybe campaigns. With FirstBank, it is always a total experience of being woven into the fabric of society from banking at its finest, to music, fashion, arts, and sports. Across the spectrum of human endeavour, FirstBank stands tall behind its over 32 million customers and counting.    […]

  First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the convening of its non-oil export webinar series. The Event is centered on deliberating opportunities that will enhance the country’s expansion of its drive towards diversifying the national economy, thereby reducing the reliance of oil as a mainstay of […]