Tag: FBN

Fitch Revises Outlooks on FBN Holdings, First Bank of NigeriaFitch Ratings has revised the Outlooks on FBN Holdings Plc's (FBNH) and its main operating...

FBN Holdings Plc has confirmed the appointment of Mr Olusegun Alebiosu as substantive Managing Director/Chief Executive Officer of First Bank of Nigeria Ltd, (FirstBank), one of its flagship subsidiary. Mr Adewale Arogundade, Acting Company Secretary of the Holdings, announced this in a disclosure sent to the Nigerian Exchange (NGX), on Wednesday in Lagos.

FBN Holdings grew profit by about 316% year on year in the first quarter of 2024, despite pressure from a huge FX loss. Details from its unaudited financial showed that profit after climbed to N208.113 billion from N50.054 billion in the comparable period in 2023.

First Bank of Nigeria (FBN) Limited, in partnership with Proparco, a Development Finance institution, is mainstreaming climate initiatives into its business operations and strategy.

Fitch Ratings has revised its outlook on the long-term issuer default ratings (IDRs) or creditworthiness of five Nigerian banks...