First Bank (Hamilton, New Jersey) → أخبار وأحداث

First Bank of Nigeria Limited has reopened its headquarters (Coomassie House) located at the Central Business District, Abuja. The News Agency of Nigeria (NAN) reports that the office was on Aug. 4, sealed by the FCT High Court Enforcement Unit over its failure to comply with a garnishee order. A garnishee order is one of …
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The Federation Account Allocation Committee (FAAC) has asked the Nigeria National Petroleum Company (NNPC) Limited to submit state-by-state consumption of Premium Motor Spirit (PMS) to it. The order is contained in the FAAC Post-Mortem Sub-Committee (PMSC) Final Report submitted to the Whole House at last month’s meeting of the Committee in Abuja FAAC members lamented that the consumption of PMS had been a major concern to members and it was raised at the FAAC plenary. “Therefore, to ascertain the consumption, the sub-committee also requested the relevant agencies to submit the state by state consumption of PMS in the country for 2021,” it was said. A FAAC member told The Nation that “the state governments have had enough of NNPC’s shenanigans and arrogance in its handling of revenue meant for the Federation Account”. The NNPC has not remitted a kobo into the Federation Account since the beginning of this year. The company has reported to the committee that it could not make the expected remittances because it spent its revenue on subsidy.
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Deposed Emir of Kano, Sanusi Lamido Sanusi, says he will continue to speak and air his views to defend and rebuild Nigeria. Sanusi, who is also the current Khalifah, Tijaniyat Movement of Nigeria, said this in Abuja on Saturday at a stage play titled “Emir Sanusi: Truth in Time.’’ The play was written by Prof. Ahmed Yerima, a professor of Drama at the Redeemer University and produced by Executive Chairman, Duke of Somolu Productions, Mr Joseph Edgar. The 14th emir said he has what it takes to contribute to nation building because of his long history of service to the country. He said he served as Chief Risk Officer at the United Bank for Africa, and at First Bank, and also as CBN governor; as Emir of Kano for six years and Khalifah, Tijaniyat Movement of Nigeria. Sanusi argued that he would be ungrateful to God if he expressed regret or sadness over his removal as emir in spite of positions he occupied in life. “I don’t think that God has taken anything away from me. So, I have no regret. “I turned 61 years last year and in those years, I had the honour of having been the Chief Risk Officer at United Bank for Africa (UBA) and the Chief Risk Officer at First Bank. “I was Governor of Central Bank, Emir of Kano and now Khalifah, Tijaniyat Movement of Nigeria. “If I have sadness, then I’m ungrateful.
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The FCT High Court Enforcement Unit, on Thursday, August 4, 2022, sealed First Bank’s headquarters in Abuja, a development that left many of the financial institution’s customers stranded. According to multiple reports, the First Bank’s headquarters was sealed off over the lender’s failure to comply with a garnishee order. BizWatch Nigeria understands that a garnishee order is a court-approved directive that allows a creditor to redirect a person’s funds to them when they are owed money. Continue reading Why Abuja Court Sealed First Bank’s Headquarters In Abuja at BizWatchNigeria.Ng.
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By Lydia Ngwakwe The First Bank of Nigeria Ltd. has rewarded the grand prize winner of its Verve Card campaign, Mr Olakunle Animasaun, the Chairman […]
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The foremost Bank, in a press statement signed by Kehinde Taiwo, of Marketing and Corporate Communications, said the online report was conflicting, as it was in one version claiming head office, while in the other reporting branch outlet.
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First Bank Nigeria Limited has said contrary to some reports in the media, none of its branches or head office was closed. A statement on Friday, obtained by Newsbreak.ng reads: “Our attention has been drawn to the news reports online with the conflicting claims that FirstBank branch or/head office has been sealed. “Please be informed […] The post First Bank Speaks On ‘Closure’ Of Head Office, Branches appeared first on Newsbreak.ng .
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The headquarters of Firstbank located at the Central Business District, Abuja, was on Thursday sealed by the FCT High Court Enforcement Unit over failure to comply with a garnishee order. A garnishee order is one of the options open to a judgment creditor to enforce a judgment that has been made in his favour. It … The post Court seals up First Bank’s headquarters in Abuja; removes valuables appeared first on Daily Review Online - Nigeria and World News .
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The Bank currently has over 180,000 Firstmonie Agents, spread across the country’s 774 Local Government Areas.
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First Bank of Nigeria Limited has announced that its Firstmonie agents have collectively processed transaction volume in excess of one billion, amounting to over N22 trillion. According to a statement by the bank, the agents have been integral to bringing financial services closer to the under-banked and unbanked segment of the society, providing convenient banking […] read more Firstmonie agents processed N22trn worth of transactions – First Bank
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First Bank of Nigeria Ltd. says its agent banking network, Firstmonie Agents, has collectively processed transaction volume in excess of one billion, amounting to over N22 trillion. Mrs Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications, said this in a statement on Wednesday in Lagos. According Ani-Mumuney, the financial services were carried out in 22 […] The post Firstmonie Agents hit 1bn transaction volume — First Bank appeared first on Nigeriannewsdirectcom .
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SOUTHERN PINES, N.C., July 27, 2022 /PRNewswire/ -- First Bancorp (the "Company") (NASDAQ - FBNC), the parent company of First Bank, announced today net income of $36.6 million, or $1.03 per diluted common share, for the three months ended June 30, 2022, compared to $34.0 million, or…
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First Bank (NASDAQ:NASDAQ:FRBA) Q2 2022 Earnings Conference Call July 27, 2022 09:00 ET CompanyParticipants Andrew Hibshman - Chief Financial Officer Patrick Ryan - President & Chief…
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First Bank press release (FRBA): Q2 GAAP EPS of $0.45 beats by $0.02.Revenue of $24.37M (+11.8% Y/Y) beats by $0.64M.Total loans of $2.22 billion on June 30, 2022, reflected growth…
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First Bank (NASDAQ: FRBA ) is set to give its latest quarterly earnings report on Tuesday, 2022-07-26. Here''s what investors need to know before the announcement. Analysts estimate that First Bank will report an earnings per share (EPS) of $0.43. First Bank bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for … Full story available on Benzinga.com
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First Bank Holding Plc yesterday, said its 10th Annual General Meeting (AGM) held on June 20, 2022 in Lagos was duly and validly held in accordance with extant laws and regulations. The post AGM duly, validly held, says First Bank appeared first on The Guardian Nigeria News - Nigeria and World News .
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Commercial banks have reviewed their policy on forex sales to Nigerian students abroad and travellers. Quarterly dollar disbursements to customers were slashed, with a limit to students schooling abroad pegged at $1,500 as against $4,000. The Nation gathered that the cut followed dollar scarcity, which has led to fewer allocations of the currency to banks, reduced dollar deposits and difficulty faced by businesses in accessing forex. Some of the banks cut the amount of foreign currency customers can spend on payment cards abroad to as low as $20 monthly. In an e-mailed note to customers, titled: Update on Foreign Currency Transactions, Access Bank said it will between now and December 2022, process only one maintenance/ upkeep request yearly per student schooling abroad for a maximum amount of $1,500. The bank explained that such service will only apply to customers whose school fees are processed through its branches. It added that such would be subject to maintenance/ upkeep not having already been disbursed previously at any time of the year. “Where the original school fees payments were settled through other banks, we will not process the corresponding maintenance/ upkeep requests.
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A cursory investigation of the Nigerian economy reveals diverging fortunes for the finance sector led by banks and the real sector led by manufacturing. With the decline in manufacturing, now at 9% of gross domestic product from a height of 20% in the early 1980s, pundits would expect banks’ fortunes to decline with the belief that the real sector, manufacturing et al, sustains banks at least for developing economies. Such logic has been turned on its head. In regions of the country, while manufacturing has disappeared, bank branches have increased. Meanwhile, the Central Bank of Nigeria has assumed the role of retail banks by directly funding all types of sectors from farming to power generation and aviation. These banks had ignored government-sponsored funds, like SME FUND and AGRICFUND, sequestered for intervening in these sectors. These funds had been set aside from profits of banks to encourage them to finance the real sectors. This they refused to do leaving the apex bank to fill the gap and is being done in an inefficient manner.
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National Youth Service Corps (NYSC) members involved in agriculture, bakery, fashion and other small business ventures in Nigeria have received N10 million grant from Unity Bank. The fund was awarded at the eighth edition of Unity Bank ‘s Entrepreneurship Development Initiative, known as Corpreneurship Challenge. Since the programme began in 2019, 88 corp members have received N100 million grant. The event, which held across 10 states; Rivers, Delta, Sokoto, Edo, Abuja, Akwa-Ibom, Osun, Kano, Bayelsa and Enugu, is an entrepreneurship contest among corpers showcasing their entrepreneurial skills. Read also: Unity Bank, First Bank and FCMB among stocks to watch this week Some of the winners included a fashion entrepreneur, Moses Gloria, whose business plan won N500,000 grant for a fabric production company; a budding commercial rice farmer, Emmanuel Adole who received N300,000 grant; and Okotie Racheal Dokubere who got N200,000, amongst others. Speaking during the finale in Delta State, the Group Head, Retail, E-Business and SME Banking, Unity Bank Plc, Olufunwa Akinmade, said “When we started the initiative in 2019, we had set out to inspire a new generation of entrepreneurs in Nigeria. “So far, the initiative has resonated with the target audience and there is no gainsaying the fact, that this will continue to have a huge impact on job creation across the country.” Akinmade, who was represented by Abu Igemohia Mohammed, Unity Bank Regional Manager, Edo/Delta Region, said.
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Stocks to buy: Market expert and IIFL Securities Director Sanjeev Bhasin on Monday that "July will be one of the best months we have seen in the last 4 months." He spoke to Zee Business Managing Editor and Market Guru Anil Singhvi in the popular TV show ‘Bhasin Ke Hasin Share''. Get more Markets News and Business News on Zee Business.
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HAMILTON, N.J., July 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 during its second quarter ended June 30, 2022. Event: Earnings Conference Call – Second Quarter 2022
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Ugo Aliogo in this report writes on the First Bank Nigeria Limited verve campaign designed to reward customers As an age long bank institution in Nigeria, customer satisfaction is at
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First Bank has announced the launch of the FirstGem fund which is designed to put women at an advantage in contributing to the socio-economic development of the country. First Gem fund is a single-digit loan scheme designed specifically to meet the needs of the female gender, aged 18 years and above. Speaking on the loan […] read more First Bank launches single-digit loan for women-owned businesses
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The management of First Bank of Nigeria Ltd. has unveiled the FirstGem fund (FirstGem loan), a single-digit loan scheme, targeted at female entrepreneurs. In a statement on Sunday, Folake Ani-Mumuney, the bank’s Group Head, Marketing and Corporate Communications, explained that the scheme was exclusively designed to put women at an advantage in contributing to the […] The post First Bank unveils single-digit loan for female entrepreneurs appeared first on Nigeriannewsdirectcom .
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By Adedapo Adesanya First Bank of Nigeria Limited has announced the launch of the FirstGem fund — FirstGem loan, a single-digit loan scheme, targeted at female entrepreneurs in the country. In a statement signed by Mrs Folake Ani-Mumuney, the bank’s Group Head, Marketing and Corporate Communications, it was stated that the scheme was exclusively designed […]
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A banking subsidiary of MTN Nigeria Communications Plc, Momo Payment Service Bank Limited (MPSBL), has urged the Federal High Court to compel 18 commercial banks to refund about N23 billion to their customers. The money, MPSBL said, was erroneously transferred in 700,000 transactions into about 8,000 accounts belonging to the customers. The subsidiary also urged the court to order the banks to provide information about the customers into whose accounts the funds were mistakenly paid. The requests form part of the reliefs in a suit filed by MPSBL through its lawyer, Lotana Okoli (SAN). MPSBL averred that under the Central Bank of Nigeria (CBN) Regulation on Instant (Inter-Bank) Electronic Funds Transfer Services, made pursuant to sections 2(D), 33(1)6) and 47(2) of the CBN Act 2007,it is incumbent on the banks to make refunds and provide the required information. The affected banks, listed as defendants in the suit, are: Access Bank, Ecobank, Fidelity Bank, First Bank, First City Monument Bank, Guaranty Trust Bank, Heritage Bank, Polaris Bank, Providus Bank, StanbicIBTC, Standard Chartered, Sterling Bank, Suntrust Bank, Union Bank, United Bank for Africa, Unity Bank, Wema Bank and Zenith Bank.
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FirstGem fund (FirstGem loan), a single-digit loan scheme targeted at female entrepre…
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The trial of three former workers with the First Bank of Nigeria facing attempted fraud charges before a Lagos State Special Offences Court, Ikeja, has commenced. The defendants, Ozioma Ugorji, 35; Ugwu Emeka, 32; and Obike Chukwuka, 38, were arraigned by the Economic and Financial Crime Commission for allegedly attempting to steal N20bn from the …
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Three former staff of First Bank of Nigeria plc are on trial for conniving with hackers to steal N20 billion from the financial institution. This is according to a prosecution witness, Adamu Dahiru. The Economic and Financial Crimes Commission (EFCC) arraigned Ozioma Ugorji, 35; Ugwu Emeka, 32; and Obike Chukwuka, 38, as it accused them of attempting to steal N20 billion belonging to First Bank. According to Dahiru, the suspects were all arrested after one of them connected a laptop he collected from a hacker syndicate to the bank’s server. Continue reading REVEALED: How Former First Bank Workers Planned To Steal N20bn at BizWatchNigeria.Ng.
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The Abuja Zonal Command of the Economic and Financial Crimes Commission (EFCC) on Tuesday June 21, 2022, arraigned one Kayode Raphael Odeyemi, a 62-year-old retired Deputy Comptroller of Corrections, before Justice M.A. Madugu of the FCT High Court, Bwari Abuja on a two count charge for offences bordering on land fraud. Count one of the charge reads, “that you, Kayode Raphael Odeyemi sometime in December 2019 in Abuja within the jurisdiction of this Honourable Court, by false pretense and with intent to defraud, did obtain the sum of N6,500,000 (Six Million Five Hundred Thousand Naira) from Joseph N. Emelieze, paid into your First Bank account number 2015894843, under the pretense that the said payment was meant for purchase of plot of land situate at Sabon Lugbe, Abuja, a fact which you knew to be false and thereby committed an offence contrary to Section 1 (1) (a) of the Advance Fee Fraud and Other Related Offences Act 2006 and punishable under Section 1 (3) of the same Act”. READ ALSO : Ekiti 2022: EFCC bursts into residence stored with voters’ booklet, arrests vote buyers at polling units In count two, Odeyemi is accused of defrauding Joemelyz Global of the sum of N2.2 million which was paid into his Wema Bank account number 0121093181 for the purchase of a plot of land at Sabon Lugbe, Abuja.
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First Bancorp pushes deeper into South Carolina
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President Muhammadu Buhari has rejoiced with Group Managing Director/Chief Executive Officer of First Bank Nigeria Plc, Dr Adesola Adeduntan, on recognition by Cranfield University. Cranfield University is one of the most prestigious citadels of learning in Europe. Adeduntan will on… The post Buhari Greets Adeduntan, First Bank MD On Cranfield University Honour appeared first on City Business News .
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President Muhammadu Buhari rejoices with Group Managing Director/Chief Executive Officer of First Bank Nigeria Plc, Dr Adesola Adeduntan, on recognition by Cranfield University, one of the most prestigious citadels of learning in Europe. Adeduntan will on Wednesday, June 22, be conferred with Doctor of Science, Honoris Causa, and he is to deliver a short address […] The post President Buhari greets Adeduntan, First Bank MD on honor by Cranfield University appeared first on Champion Newspapers LTD .
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President Muhammadu Buhari rejoices with the Managing Director/Chief Executive Officer of First Bank Nigeria Limited,
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QNB has launched ‘Open Banking’ platform for a wider audience including the bank’s customers, partners and emerging FinTechs in Qatar. QNB is the first bank in Qatar and one of the first in the region for launching Open Banking services. With this enhanced API infrastructure, the bank will provide a unique banking experience to its […] The post QNB Qatar’s First Bank To Launch ‘Open Banking’ Platform For Clients appeared first on CYBER ERA: Catalyzing the Digital Economy .
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African Export Import Bank (Afreximbank) has disbursed $150 million to First Bank of Nigeria Ltd., under its Pandemic Trade Impact Mitigation Facility (PATIMFA).
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The management of FBN Holdings Plc has ruled out any plan to raise new capital in the meantime as the holding group prefers to continue leveraging its balance sheet to drive growth in the immediate to short-term period. Speaking during a special interactive session with analysts and investors, the management of FBN Holdings said going to raising capital in the market is not an option. According to the holding group for First Bank of Nigeria and its former subsidiaries, although there is flexibility to go to the market to raise capital, but that is not an option now. First Bank prefers to leverage its existing tier 1 scope, capitalise earnings and deliver effectively. The group noted that the full implementation of Basel III will not affect First Bank as Basel III is more of a liquidity and leverage ratio, which is not a problem for the bank. FBN Holdings said it was expecting the Central Bank of Nigeria, which introduced the Basel III guidelines to determine the timeline for full implementation, as group continues to ensure it meets all regulatory guidelines.
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African Export Import Bank (Afreximbank), a Pan-African multilateral financial institution, has disbursed the sum of US$150 million finance facility to First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider. The funding was provided under Afreximbank’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Afreximbank’s US$150 million financial support will be accessible to FirstBank […] read more First Bank secures $150m Afreximbank facility to support businesses
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Unity Bank, First Bank and FCMB are some of the stocks investors need to look out for this week, following the resumption of trading session in the Nigerian stock exchange. Ripples Nigeria stocks watchlist is a selection of stocks monitored for viable trading or investing opportunities. An investor may casually generate a list of equities […] The post Unity Bank, First Bank and FCMB among stocks to watch this week appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria .
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Afreximan Bank has hinted of plans to boost infrastructure development in the continent of Africa with $3 billion, The Nation can authoritatively report. This is coming just as the bank had earlier provided the sum of $500m to support Central Banks across the West African sub region to be able to fund projects and settle transactions within the region. The Chief Executive Officer, Pan-African Payment and Settlement System (PAPSS), Mike Ogbalu disclosed this during the Nigeria-American Chamber of Commerce (NACC), Breakfast Meeting in Lagos with the theme: “One Year of AfcTA (Opportunities, Challenges and the Nigerian- American Partnership.” He said this fund would be there to support those settlements where there are issues with transactions including where more transactions are going in one direction. Afreximbank is a Pan-african multilateral trade finance institution created under the auspices of the African Development Bank with the vision to be the trade finance bank for Africa. PAPSS on the other hand is a cross-border, financial market infrastructure enabling payment transactions across Africa According to him, there are over 500 banks across the continent hoping to come on board, adding that the more other central bank joins, it creates a multiplier for the rest of the people. “The more banks join, the more they create value not just for themselves but for other people in the network.
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For the former Group Managing Director of First Bank, Bisi Onasanya has gone from being one of the most accomplished banking executives in the country to becoming one of the biggest players in the real estate industry. With his newly established The Address Homes, a real estate agency with business interests in the acquisition, development, […]
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The ELOY Foundation has, in partnership with First Bank, introduced the ELOY Foundation Business Shower program. The program is created to support female entrepreneurs on their journey to building sustainable businesses. The Business Shower will offer businesses a platform to pitch their ideas to win seed grants and join the ELOY Foundation Sustainable Empowerment Programme […] read more First Bank partners group to promote female-owned businesses
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Billionaire, Femi Otedola, has sold N5.76 billion worth of shares from his investment in First Bank of Nigeria (FBN), almost seven months after he acquired 7.56% stake in the financial institution, which made him the largest stakeholder in the lender. Otedola’s total investment in First Bank, according to Ripples Nigeria analysis, was worth around N30 […]
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The Head, Trade Promotion Advisor, NEPC, Sokoto Smart Office, Ahmed Yahaya, spoke at the training commencement. The post Export: NEPC, First Bank train 80 women entrepreneurs in Sokoto appeared first on The Eagle Online .
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In the past couple of years, First Bank of Nigeria has been intensifying efforts towards improving financial inclusion and creating employment opportunities through its Firstmonie Agent network. Introduced in 2017, the initiative has served as a means through which the bank expresses its passion and commitment towards broadening the opportunities and access to financial services […] read more How First Bank’s agency banking is creating jobs in Nigeria
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Intain Augments Admin Service with Verification Agent, Employing Artificial Intelligence for Large-Volume Automated Loan Processing to Substantially Reduce Potential Errors Intain Inc., a leading blockchain-enabled structured finance platform for issuers and investors to connect in an efficient, secure and trusted way, announced the availability of a verification agent module for… The post UMB Financial Corporation Becomes First Bank to Deploy Intain’s Verification Agent appeared first on GlobalFinTechSeries .
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As The Voice Nigeria Season 3 Enters Final Stage. By Bolaji Israel UN1TY Limited and Livespot360, producers of the global talents reality series, have emphasised that public voting has become very crucial at this stage to keep vocalists fighting for the grand prize on the voice Nigeria 3 series, sponsored by FirstBank, Baba Ijebu and Airtel. []
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Reserve Bank of India allowed IDFC Ltd to exit as the promoter of IDFC First Bank as the five-year lock-in period expired on 30 September 2020
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By Aditya Raghunath Investing.com Shares of IDFC Ltd (NS:) soared to its 52-week high of Rs 62.9 today, up 17%, before dropping to 13% at
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As The Voice Nigeria Season 3 Enters Final Stage. By Bolaji Israel UN1TY Limited and Livespot360, producers of the global talents reality series, have emphasised that public voting has become very crucial at this stage to keep vocalists fighting for the grand prize on the voice Nigeria 3 series, sponsored by FirstBank, Baba Ijebu and Airtel. [] The post How N10m winner will emerge from First Bank sponsored The Voice Nigeria appeared first on Marketing Edge Magazine .
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