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Tag: FBN

First Bank restates commitment to support FMCG wholesalers
Banking

First Bank restates commitment to support FMCG wholesalers

First Bank of Nigeria Plc has reiterated its commitment to supporting companies by implementing various programs meant to create a stable business climate and promote economic expansion. According to the Times, this pledge was reaffirmed by Group Executive of Transaction Banking, Mrs. Olaitan Martins, during a conversation with proprietors of Fast-Moving Consumer Goods businesses on […]

Osun resubmits state's nomination for bank role, challenges CBN’s rejection
Business

CBN’s monetary policy will increase market dividends – Analyst

By Melvin Onwubuke   The analyst at FBNQuest, asset management division of FBN Holdings, have projected a significant market yield for the whole year, provided the tight monetary policy of the CBN is sustained. According to it’s economic outlook report, FBNQuest highlights that, inspite of the prevailing food crisis, inflation and the foreign exchange crisis, […]

Citibank, Stanbic, FBN emerge top foreign investment destinations
News

Citibank, Stanbic, FBN emerge top foreign investment destinations

By Melvin Onwubuke   Citibank Nigeria Limited, Stanbic IBTC Bank Plc and First Bank of Nigeria Plc have become evident as the top destinations for foreign investment in Nigeria for 2023. According to findings by nairametrics, cash inflow into the country, passes more, through this financial institutions, indicating investor’s trust in their capacity and market […]

First Bank restates commitment to support FMCG wholesalers
Banking

FBN Holdings to raise N139bn via rights issue

FBN Holdings Plc has made a request to the Nigerian Exchange Limited for permission to raise N139 billion in additional capital through a rights issue. The Punch reported that this information was provided by the NGX Regulations in a notice to Trading Licence Holders on Monday. It stated that its stockbrokers, FBNQuest Securities, requested authorization […]

First Bank restates commitment to support FMCG wholesalers
Business

FBN Holdings employee buys shares worth N28.8m

An employee of FBN Holdings Plc named Tolu Oluwole has purchased 1,600,000 shares for a total cost of N28.8 million. According to Nairametrics, a notification of Directors Dealings was sent to the Nigerian Exchange Limited and signed by Company Secretary Adewale Arogundade includes this information. The company reported that Tolu Oluwole bought 1,600,000 shares on August 23, 2023 at an […]

FBN Holdings appoints new executive directors
Banking

FBN Holdings appoints new executive directors

First Bank of Nigeria Holdings Plc has announced the appointment of two new executive directors. Samson Oyewale Ariyibi and Patrick Iyamabo were appointed as new executive directors of the company, according to Nairametrics. Also, according to a statement signed by Adewale Arogundade, the company’s acting secretary, Ariyibi will serve as the Executive Director, Investment Management […]

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