First HoldCo Chairman Femi Otedola has announced plans to invest $100 million in Dangote Refinery as part of a $2 billion private placement ahead of its planned initial public offering. Otedola disclosed the move on Wednesday after leading First HoldCo executives on a tour of the refinery and fertiliser...
Firstbank
In a strategic move to bolster its leadership team, First Bank of Nigeria Limited has appointed Dr. Julius Omodayo-Owotuga as an Executive Director, effective May 13, 2026. The appointment was disclosed Thursday in a public notice filed with the Nigerian Exchange Limited and signed by Company Secretary Abiola Baruwa...
Non-Executive Director of First Bank of Nigeria Limited, Anil Dua, has acquired 2.56 million ordinary shares of the company valued at about N177.9 million on the Nigerian Exchange Limited (NGX). The acquisition was disclosed in a regulatory filing signed by the Group Company Secretary, Abiola Baruwa, and dated May...
FirstBank customer, Ojo Eghosa Kingsley, has been convicted by an Edo State High Court after unlawfully spending ₦1.5 billion mistakenly credited to his account by the bank. The incident, which unfolded between June and November 2025, began when First Bank erroneously credited Kingsley’s account with the huge sum. Rather...
Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC on Monday, January 12, 2026 handed over the sum of N802,420,000( Eight Hundred and Two Million, Four Hundred and Twenty Thousand Naira only) to First Bank Nigeria Plc. The money was recovered from a suspect, Ojo Eghosa Kingsley...
Central Bank of Nigeria (CBN) has set an ambitious target of achieving a $1 billion diaspora reserve by 2026, according to CBN Governor Dr. Olayemi Cardoso. Speaking at the 18th Annual Banking and Finance Conference organized by the Chartered Institute of Bankers of Nigeria (CIBN) in Abuja on Tuesday,...
A septuagenarian, Sule Fabiyi, who resides in Osogbo, Osun State, has accused Abdulwahab Sani Shehu, a former staff of First Bank, of terminating a N10.5 million fixed deposit investment he once had with the bank and subsequently mismanaged the sum. According to report by Foundation for Investigative Journalism (FIJ),...
Former Group Managing Director of FirstBank Nigeria, Dr Olabisi Onasanya, has said he is now vindicated after the Federal High Court in Lagos struck out the controversial loan-related case involving his name. Justice Chukwujekwu Aneke of the Federal High Court, Lagos on Wednesday, July 23, 2025 struck out the...
By OLA MODUPE, Lagos- Federal High Court in Lagos has struck out a 13-count charge filed by the Economic and Financial Crimes Commission (EFCC) against the Chairman of Honeywell Group, Oba Otudeko and three others. The charges were withdrawn following a comprehensive review of the representations submitted by all...
Edo State House of Assembly has approved a N100 billion loan for Governor Monday Okpebholo to fund infrastructural development projects across the state. The approval followed Okpebholo’s letter to the House, requesting legislative backing for the loan facility from First Bank Nigeria Plc. According to the letter, signed by...
First Bank of Nigeria Ltd. on Monday inaugurated its fifth Digital Xperience Centre in Lekki, Lagos, to address the growing demand for convenient and accessible banking services. The Managing Director of First Bank, Mr Olusegun Alebiosu, at the event, said the branch would provide convenient access to banking services...
First Bank of Nigeria Ltd has pledged multi-trillion Naira investments in small businesses by 2025 to harness entrepreneurs’ potential in boosting Nigeria’s Gross Domestic Product. The bank’s Managing Director, Mr Olusegun Alebiosu, confirmed this during an SME Scale Up workshop, sponsored by First Bank and Seven-Up Bottling Company on...
Lagos State Governor, Babajide Sanwo-Olu on Wednesday approved the construction of First Bank’s 43-storey building headquarters within the Eko Atlantic City Sanwo-Olu, while presenting the certificate of approval to First Bank, commended the effort of the management of the bank toward sustaining the bank’s legacy over the years. He...
First Bank of Nigeria Ltd. has produced additional 500 Pan-African graduate trainees from Nigeria and six other countries in the continent at its sales academy to drive current global banking innovations. The bank held a close-out party on Friday night in Iganmu, Lagos for the graduate trainees from Nigeria,...
First Bank of Nigeria Ltd. says it will host the inaugural China-Africa Interbank Association (CAIBA) Forum in Abuja, aimed at strengthening economic ties and boosting investments between China and Africa. In a statement on Monday in Lagos, the bank said that the forum with the theme, “Joining Hands to...
FirstBank of Nigeria Ltd. has pledged continued support for the entire value chain of Nigeria’s creative arts and theatre industry. The bank’s Managing Director, Olusegun Alebiosu, made this known during the opening ceremony of the Lagos International Theatre Festival (LITF) on Friday night in Victoria Island. As the lead...
First Bank Nigeria Ltd. is set to hold its 6th annual hybrid Fintech Summit on Nov. 13 and 14. This is contained in a statement on Wednesday by the Managing Director and CEO of FirstBank Group, Olusegun Alebiosu. He said the 2024 edition will provide a platform to unite...
First Bank of Nigeria LTD, has clarified that its scheduled transition to a new cloud-based procurement and financial platform will not affect banking operations. This is contained in a statement issued by Folake Ani-Mumuney, Group Head Marketing and Corporate Communications FirstBank. ”There is no plan for systems upgrade for...
First Bank of Nigeria Ltd. has announced its sponsorship of the inaugural Lagos International Theatre Festival, a celebration of arts, creativity and diversity. The festival, part of FirstBank’s First@arts initiative, will debut in November. Group Head of Marketing and Corporate Communications, FirstBank, Ms Folake Ani-Mumuney, stated in a statement...
FirstBank in partnership with Junior Achievement Nigeria (JAN), a non-profit organisation has produced new winners in its 2024 National Company of the Year (NCOY) competition. The 2024 competition held in Lekki, Lagos on Friday comprised of 12 schools representing different states, who were finalists from an earlier contest, locking...