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Tag "FBN Holdings Plc"

FBN Holdings makes U-turn, acknowledges Otedola’s shares

    FBN Holdings makes U-turn, acknowledges Otedola’s shares

FBN Holdings Plc, the holding company of First Bank of Nigeria, says it has received notification that Femi Otedola, billionaire businessman, has acquired 5% stake in the company. In what

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FBN Holdings cuts credit losses, lifts profit to new peak in 2020  

    FBN Holdings cuts credit losses, lifts profit to new peak in 2020  

FBN Holdings Plc turned the table from a 64 percent upsurge in credit loss expenses at the end of the third quarter of last year to a decline at full

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FBN Holdings: Contending with resurging credit losses

    FBN Holdings: Contending with resurging credit losses

FBN Holdings Plc is in a year in which three years of rapidly falling credit loss expenses have given way for a high speed upward run once again. Over the

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Nigerian banks adopt new business models amid pressured earnings

    Nigerian banks adopt new business models amid pressured earnings

Major lenders in the country are currently revising their business models in the wake of mounting industry headwinds with a knock-on effect on their bottom lines. The double-whammy impact of

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FBN Holdings posts N33.5bn profit — despite high inflation

  FBN Holdings posts N33.5bn profit — despite high inflation

FBN Holdings Plc (FBNHoldings) says its profit margin increased by 13.7 percent year on year (y-o-y) for the half year

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Onasanya to retire as First Bank CEO in December

  Onasanya to retire as First Bank CEO in December

Bisi Onasanya, group managing director/chief executive officer of First Bank of Nigeria Limited (FBN), will step down from his position

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