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Tag: FirstBank

News

EFCC returns N802m recovered funds to First Bank

The Benin Zonal Directorate of the Economic and Financial Crimes Commission has handed over the sum of N802,420,000 recovered from a fraud suspect to First Bank Nigeria Plc, following a system glitch that erroneously credited the funds to the suspect’s account. The Commission disclosed this in a statement issued on Tuesday via its official X […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Banking

FirstBank meets CBN’s N500bn capital requirement ahead of deadline

First HoldCo Plc says First Bank of Nigeria Limited has met the Central Bank of Nigeria’s N500 billion minimum regulatory capital requirement, strengthening the lender’s position ahead of the March recapitalisation deadline. The disclosure was made in a statement signed by Group Company Secretary, Abiola Baruwa, and filed with the Nigerian Exchange Limited. It comes […]

First Bank lays off 100 senior staff in restructuring move
Conferences

FirstBank to host annual economic outlook on Tuesday

FirstBank has announced plans to host its annual economic outlook event for 2026. The bank disclosed in a statement that the Nigeria Economic Outlook 2026 will hold on Tuesday. According to the statement, the event will be held under the theme “The Great Calibration: Mastering Resilience in an Era of Asynchronous Growth.” The PUNCH reported […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Banking

First Bank unveils fully automated digital Xperience centre

First Bank has strengthened its leadership in digital banking with the launch of a new fully automated branch, the FirstBank Digital Xperience Centre, in Garki, Abuja. The new centre represents a significant milestone in the bank’s commitment to redefining banking through technology-driven and customer-focused innovation. Speaking at the inauguration on Wednesday in Abuja, the Managing […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Banking

FirstBank’s digital banking channels suffers downtime

FirstBank has announced a temporary disruption on its major digital banking channels, preventing some customers from completing transactions. In a notice issued on Thursday, the bank said the downtime is affecting services on FirstMobile, FirstOnline, and its *894# USSD platforms. “Please be informed that we are currently experiencing some downtime affecting transactions to other banks […]

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Banks can’t unfreeze GHL accounts, FirstBank warns

FirstBank has filed an appeal against the Federal High Court’s decision to lift the order placed on the assets of General Hydrocarbons Limited, its directors, and shareholders. In a statement released on Sunday, the bank cautioned other financial institutions about prematurely complying with the ruling made by Justice Deinde Dipeolu. It emphasized that the discharge […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
News

FirstBank plans expansion to Ethiopia, Angola, Cameroon

First Bank is aiming to expand into at least three African countries in its next phase of growth, as the continent’s financial systems continue to open up new opportunities. The countries under consideration for expansion include Ethiopia, Angola, Cameroon, and Cote d’Ivoire. By entering these markets, First Bank seeks to broaden its customer base and […]

FirstBank announces subsidiary name change
Banking

FirstBank announces subsidiary name change

FBNBank Guinea has changed its name to align with its parent brand and to benefit from the strong heritage and brand equity built by First Bank of Nigeria Limited in its more than 129 years of dominance in the banking industry. According to The Times, First Bank of Nigeria Limited is the parent company of FBNBank […]

FBN Insurance targets 1m customers in one year
Business

First Bank to organise women mentorship program   

First Bank of Nigeria Limited has said it would organise the first women network, mentoring, coaching and sponsorship pillar webinar to commemorate the World Women’s Day. Stating its commitment to empowering women and promoting socio-economic inclusion, the initiative is to bridge the gender gaps and encourage women’s participation at all levels in the organisation. According […]

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