First Bank Stock News

The pension regulator says investments by Leadway Pensure Limited in FBN Holdings Plc belong to pension contributors. The post Otedola gains as PenCom rejects First Banks claim on shares controversy appeared first on Premium Times Nigeria .

The National Pension Commission (PenCom) has stated that funds invested in First Bank Holdings Ltd (FBNH) by Leadway Pensure Ltd is owned by retirement savings account (RSA) holders. This clarification by the regulator would seem to have resolved claims that Tunde Hassan-Odukale and related entities own 5.36 percent equity in FBNH, which would have made him the single largest shareholder. Following the acquisition of a 5.07 percent stake in FBNH by billionaire businessman, Femi Otedola, Seye Kosoko,the company secretary, had written to the Nigerian Exchange Limited (NGX) assigning Leadway Pensure PFAs entire 2.11 percent stake to Hassan-Odukale. Continue reading Funds Invested In First Bank By Leadway Pensure Belongs To RSA Holders PenCom at BizWatchNigeria.Ng.

Personal vehicle users can now start using IDFC FIRST Banks FASTags to pay for fuel purchases at HPCL retail outlets and avail an attractive reward points.

Hindustan Petroleum, IDFC FIRST Bank partner to enable fuel payments using FASTag

IDFC FIRST FASTag can be bought, recharged and replaced at HPCLs select retail outlets.

Change, they say is constant, and First Bank Nigeria (FBN) Holdings seems to be ripe for one, as the lenders management continues to drag the company through the mud with no end in sight. As a premier bank in West Africa and the oldest among its contemporaries in Nigeria, having been established in 1894, one [] The post REVIEW: First Bank, a brand in need of redemption. Heres a timeline of its corporate mess appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria .

Regulators have failed to update investors and the public in a controversy blamed in part on First Bank Holdings shoddy handling. The post In battle for First Bank control, regulators CBN, SEC, FRC keep mum appeared first on Premium Times Nigeria .

Renaissance Technologies LLC trimmed its holdings in shares of First Bank (NASDAQ:FRBA) by 31.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,103 shares of the banks stock after selling 68,862 shares during the quarter. Renaissance Technologies LLC owned []

The Economic and Financial Crimes Commission (EFCC) has reportedly questioned the newly appointed Managing Director of First Bank of Nigeria Holdings Plc, Nnamdi Okonkwo, in connection with the alleged transfer of $153million to the bank by the Nigerian National Petroleum Corporation (NNPC). Sources said Okonkwo was invited by the commission to explain his role in [] The post EFCC reportedly grills First Bank new MD, Okonkwo, over Diezanis $153m appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria .

The newly appointed Managing Director of First Bank of Nigeria (FBN) Holdings Plc, Nnamdi Okonkwo is facing interrogation by the Economic and Financial Crimes Commission (EFCC) BizWatch Nigeria has learned from those familiar with the matter. Although, details of the former Fidelity Bank Managing Directors arrest remains unclear as of last night, some sources stated that his interrogation is in connection with his role in the transfer of $153.3 million from the Nigerian National Petroleum Commission in favour of Diezani Alison-Madueke, Nigerias former petroleum minister. Continue reading Newly Appointed First Bank MD, Nnamdi Okonkwo Interrogated EFCC at BizWatchNigeria.Ng.

The Group Managing Director (GMD) of First Bank of Nigeria Holdings, Nnamdi Okonkwo, has been arrested by operatives of the Economic and Financial Crimes Commission (EFCC). Details of the report are still sketchy as at the time of this report but it was gathered that the former MD of Fidelity Bank Plc was detained by the []

Despite economic headwinds and other challenges significantly impacting the banking industry, First Bank has remained resilient across its business lines as it leads in promoting financial technology in Nigeria. CHRIS UGWU writes The microeconomic pressures and unrelenting regulatory adjustments have, to a large extent, constrained the margins of financial institutions in the country. []

The Nigerian capital market over-performed this week as investors traded 1.471 billion shares worth N20.941billion in 20,410 deals. This was in contrast |

Improving loan growth trends are likely to fuel stronger future profitability levels. Credit continues to a be a non-factor and the reserve level appears over funded.

First Bank (FRBA) CEO Patrick Ryan on Q3 2021 Results - Earnings Call Transcript