First Bank Stock News

HAMILTON, N.J., April 01, 2022 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company’s financial and operating performance d

HAMILTON, N.J., April 01, 2022 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company's financial and operating performance durin

FirstBank, Nigeria’s leading financial inclusion services provider has urged its customers to take advantage of the Bank’s ongoing Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card. The Eight-week promo will end on Wednesday, 30 March 2022 as 2,601 customers will win various prizes. These prizes include N20,000 Cash Prize, N10,000 Cash Prize, N10,000 worth of airtime; power generating sets, refrigerator, cooking gas and the grand prize of a brand-new car. The promo will reward customers on a weekly and monthly basis. In every week of the promo, 200 customers who carry out a minimum of 2 transactions with their Verve debit card stand a chance to win N10,000.00 worth of airtime, cash prizes of N10,000 and N20,000. Furthermore, 100 customers who perform a minimum of 8 transactions within 4 weeks with their Verve debit card will be rewarded with either a Generator set, Refrigerator, Gas Cooker or N50,000 cash prize every four weeks. A Grand prize of a brand-new car will also be won by a lucky customer who performs a minimum of 16 transactions during the campaign period.

It is well known that fintech companies are using technology to provide easier ways for customers and clients to manage their finances. However, while some might say they are doing this better than commercial banks, there is nothing to suggest that the commercial banks are losing out. From 1892, when the first commercial bank was established in Lagos, the banking business in Africa’s largest economy has evolved to a point where customers can now complete transactions at the comfort of their homes. Considering the monetary stance of the apex bank to keep interest rates low in order to encourage borrowings and stimulate the economy from the covid-19 induced recession in the previous year, Nigeria’s commercial banks are taking advantage of electronic banking to ramp up efforts to boost revenue from other generating units. These banks are benefitting massively from the wave of mobile phone adoption proving easy-to-use banking apps that are secure and operate seemingly like social media apps.

SOUTHERN PINES, N.C. , March 10, 2022 /PRNewswire/ -- First Bank is excited to announce the first winners of its Project Launch contest. Project Launch, part of the Power of Good, First Bank''s comprehensive social responsibility program, is designed to fund projects that improve or create more educational opportunities in the communities throughout the Carolinas. The year-long contest encourages innovation and creativity and is open to educators, nonprofits, entrepreneurs, and creative thinkers who may need the financial support and a partnership that will help them get their projects off the ground. Winners are selected and announced monthly through the end of the year. The following February winners have been awarded a collective total of $22,800 for their projects. Octavio Perez of Hickory, NC , benefitting third-grade classes at Clyde Campbell Elementary. The goal is to purchase a classroom subscription for a reading app call Novel Effect, which reads books aloud, immersing students into the story producing rich engagement with reading.

The Nigerian capital market rebounded from two consecutive losses on Wednesday, with the equity capitalisation rising by 0.28 percent to end trading with N25.48 trillion. Tuesday’s equity capitalisation was N71.53 billion higher than the N25.41 trillion posted by the bourse the previous day. The All-Share Index was up by 132.74 basis points to close at 47,287.09 compared to 47,154.35 achieved on Tuesday. Investors traded 336.30 million shares valued at N5.86 billion in 5,248 deals on Wednesday. This fell short of the 754.93 million shares worth N3.63 billion investors traded in 4,330 deals the previous day. Presco topped the gainers’ table after netting N10.45kobo to close with N114.95kobo from N104.50kobo per share. Pharmdeko gained N0.18kobo to rise from N1.82kobo to N2 per share. Linkage Assurance’s share was up by 9.80 percent to move from N0.51kobo to N0.56kobo per share. Royal Exchange’s share appreciated by N0.13kobo to move from N1.35kobo to N1.48kobo per share. RT Briscoe’s share price was up by 8.93 percent to end trading with N0.61kobo from N0.56kobo per share.

First Bank head office By KEN EMORDI Facility to strengthen FirstBank’s commitment to gender financing with US$30 million targeted to women-owned and led businesses Partnership will enhance funding to local SMEs to boost growth and promote financial and social inclusion across Nigeria The facility adds US$100 million to CDC/BII’s contribution to the 2XChallenge First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced its partnership with CDC Group, the UK Government’s development finance institution on a US$100 million finance facility to FirstBank. This new facility will direct funding to women-owned and led businesses as well as to local small and medium-sized enterprises (SMEs) in Nigeria. The deal will support FirstBank to deliver financial solutions that help to address the challenge of limited access to capital faced by underbanked and underserved groups in the country. As part of the new facility, a minimum of US$30 million will be allocated in the form of credit lines to women entrepreneurs.

Hours after the Zenith Bank, UBA, First Bank, Union Bank as well as a police division in Uromi, Edo State were attacked, the residents are still in fear and unable to go about their businesses. Uromi, the administrative headquarter of Esan North-East Local Government Area of the state and nerve centre of Edo Central Senatorial […]

There have been four bank robbery attacks in Uromi, Esan Northeast Local Government Area of Edo state, Nigeria. Following the report, the robbery happened on Thursday evening 24th February, 2022. The following are the affected banks; Zenith Bank, First Bank, Unity Bank, and United Bank of Africa (UBA). According to eyewitnesses, the gunmen arrived in […] The post Bank Robbery: Two Police Officers And Five Others Shot Dead In Edo appeared first on The News Chronicle .

No less than seven persons including two policemen have been killed in a coordinated robbery attack on commercial banks in Uromi, Esan North-West local government area of Edo State. Armed Robbers Attack Banks In Uromi It was gathered that the gunmen who come in their numbers on Thursday afternoon, February 24, attacked First Bank, UBA, […]

No fewer than five persons, including policemen, were reportedly killed during the armed robbers that attacked four commercial banks in the Uromi area of Edo State, leaving many bank customers injured. It learnt that the robbers on Thursday attacked Zenith, First Bank, UBA and Union Bank in the area, leading to confusion among residents and bank customers in the area. According to a video sent to Newsflash Nigeria, gunshots boomed in the area as residents and passersby scampered to safety. It is not clear yet the extent of damage done by the armed robbers to the banks. The Edo State Police Command spokesman, Kontongs Bello, confirmed the robbery attacks but did not give details. The suspected armed robbers were also said to have carted away unspecified huge sums of money from the affected banks. A resident of the sprawling community, the hometown of a late Peoples Democratic Party chieftain, Tony Anenih, said that the attacks on the banks were too coordinated. The source, who pleaded anonymity, described the attacks as “too coordinated in commando style and armed robbers launched the attacks simultaneously.

Pandemonium erupted in the Uromi area of Edo State, as some yet-to-be-identified armed robbers attack a branch of First Bank, Zenith Bank, and one other. In the course of the attack, the robbers reportedly carted away huge sums of money, as they forced the banks’ officials to open their vaults. Confirming the incident, Edo Police spokesman, Bello Kontongs , a Superintendent of Police (SP), was quoted as saying “it is true.” More details later… OnePipe Launches Writing Challenge for Nigerian Journalists, See How To Participate Continue reading BREAKING: Pandemonium As Armed Robbers Attack First Bank, Others at BizWatchNigeria.Ng.

Hero Electric said it has joined hands with IDFC FIRST Bank for vehicle finance.

The 9 lakh shares have been valued at the closing price on Monday.

*Facility to strengthen First Banks commitment to gender financing with US$30 million targeted to women-owned and led businesses. *Partnership will enhance funding to local SMEs to boost growth and promote