Nigeria’s current account balance continues to be a source of concern as data published by the Central Bank shows that Nigeria spent a whopping $9.01 billion (N3.24 trillion) on personal foreign travels (also known as Personal Travel Allowances, PTA) in 9 months (January – September 2019). According to the…
CBN to increase LDR to 70%
The Central Bank of Nigeria (CBN) is reportedly set to increase banks’ Loan to Deposit Ratio (LDR) to 70% by 2020. According to a report published on Vanguard, the disclosure was made by CBN Director, Banking Supervision, Mr Hassan Belllo while speaking at…
PRESS RELEASE…FIRSTBANK PARTNERS LINDA IKEJI TV, UNVEILS FIRST CLASS MATERIAL
Lagos, 25 November 2019, First Bank of Nigeria Limited has announced its partnership with Linda Ikeji TV for the broadcast of the TV show, First Class Material. The show is billed to premiere on all FirstBank and Linda Ikeji TV…
Works, petroleum, finance… how BPP saved N26bn from ‘inflated budgets’ of these eight ministries
The Bureau of Public Procurement (BPP) says it saved N26 billion for the federal government in 2018 alone by revising the contract sums of government contracts approved by some ministries, departments and agencies. This was obtained from the 2018 annual…
FIRSTBANK SPOTLIGHTING OPPORTUNITIES IN THE AGRICULTURE VALUE CHAIN
BY OBINNA EMELIKE (BUSINESSDAY) In 2017, the Nigerian agriculture sector witnessed a revolutionary discourse on the economic benefits of sustainable agriculture value-chain as an alternative source of economic development and foreign exchange with the launch of FirstBank Agric Expo. It…
AFC approves $230m(82billion Naira) loan for 9mobile
Efforts by the new Board and Management of Emerging Markets Telecommunication Services Limited(EMTS), trading as 9mobile, to reposition the company have started yielding positive results as the Africa Finance Corporation (AFC), has approved a $230 million loan facility to help it…
FIRSTBANK AGRIC EXPO SET TO PROMOTE NEW AGRIBUSINESS OPPORTUNITIES
Lagos, 23 August 2019. Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited, has announced that its 2019 FirstBank Agric Expo would hold on Friday, 30 August 2019 at the Eko Hotel and Suites, Lagos. The 2019…
Zenith Bank’s total assets drop by N57bn
Zenith Bank Plc has reported a N57.11bn drop in the value of its total assets over a six-month period. The financial statement of the bank for the period ended June 30, 2019 was made available to the Nigerian Stock Exchange.…
TRANSACT WITHOUT BORDERS WITH THE FIRSTBANK VERVE GLOBAL CARD
PRESS RELEASE Lagos, 19 August 2019, First Bank of Nigeria Limited, Nigeria’s premier and leading financial services provider, has announced the launch of the Verve Global Card. In partnership with Verve International (Interswitch Group) and Discover Financial Services, the launch…
WITH FIRSTBANK’S SPARK, GLAD TIDINGS ECHO FOR LESS PRIVILEGED CHILDREN
Their excitement was exceptional that Saturday morning on 6 July 2019. It was an overflowing river of joy and gratitude they could not contain, pumping from their hearts. The students and staff of Wesley School for the Hearing Impaired, Surulere,…