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Business

Four Banks Spent $500m To Buy Private Jets, $50m On Maintenance- Otedola

Nigerian banks are spending an estimated $50m annually just on maintaining private jets, with over $500m gone into purchasing nine private jets by four...

Business

UBA, Fidelity, FBNH, Seven Other Banks May Lose N1.67tn As Auditors Raise Concern Over Credit Quality

The credit risk exposure of Nigerian banks is on the surge as their loan loss provisions accelerated by 129.8 per cent at the end...

Business

Meet Olusegun Alebiosu, The Lover Of Golf Who Emerged New First Bank CEO

First Bank of Nigeria Holdings Plc has announced, Olusegun Alebiosu, as the Acting Chief Executive Officer for its subsidiary First Bank of Nigeria Limited...

Business

First Bank Cancels Extraordinary Meeting Amidst MD’s Resignation

First Bank Holdings Plc has cancelled its extraordinary general meeting amidst the resignation of its Managing Director, Adesola Adeduntan, from his role eight months...

Business

Nigeria’s Tier-One Banks Battle For Dominance As Assets Hit All-Time High Of N94trn

Nigeria’s tier-one banks have set a new record by growing their assets to N94.22tn which is the equivalent of $76.6bn (N1,230/$), defying expert predictions.THE...

Business

Otedola emerges chairman of First Bank Holdings

The Board of First Bank Nigeria, FBN Holdings Plc has appointed Femi Otedola, as it announced the appointment of five new directors.The Company disclosed...

Business

First Bank Holdings Penalised N39.26m For Breach Of NGX, SEC Regulations

First Bank Holding Plc has admitted breach of regulatory rules by the Group and its subsidiary, FBNQuest Merchant Bank.The breach occurred in 2023 when...

Business

Otedola Emerges First Bank Holdings Chairman

Barely five months after Femi Otedola, the chairman of Geregu Power Plc was appointed into the board of First Bank Holding Plc, the billionaire...

Business

CBN Stress Test Reveals Banks Capital Adequacy Fall Below Requirement

A stress test conducted by the Central Bank of Nigeria (CBN) on Deposit Money Banks (DMB) has revealed that the capital adequacy ratio (CAR)...

Business

‘Rich Giving To The Rich’- Nigerians React After Femi Otedola Gave 750 Students Of Augustine University N1m Each

Nigerian billionaire Femi Otedola announced that he gave N1 million to each of the 750 students of Augustine University.The billionaire believes spending N750 million...

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