FirstBank delighted investors with a pleasant surprise when it announced stellar results confirming that its turnaround strategy pinned on the pillars of innovation, resilience and digging deep is working. Its profit after tax spiked 108% to N32.4billion on the back of massive loan recoveries and a sharply lower level of […]
BANKING
With a significant reduction in its impairment charges (which translates into a clean loan book) in its 1Q, 2022 results, after successfully reducing its non-performing loan to 6.1% in its 2021 full year performance, analysts say FirstBank’s impressive performance in the first quarter not only demonstrated consistency in its rebound […]
As financial market analysts digest FirstBank Limited’s 2021 financial results, which they say reflect the banking conglomerate’s return to its leadership position, Festus Akanbi writes that the robust performance represents a regime of strong fundamentals, which is in tandem with the ongoing restructuring being overseen by the company’s current board […]
FirstBank has launched a promotion in cooperation with Interswitch to reward users of the FirstMobile app, its industry-leading mobile banking application. FirstMobile Cash-out is the name of the promotion. The promotion will last three months. The promotion, which began on Monday, March 21, 2022, will end on Tuesday, June 21, […]
As MTN leadership visits the CBN Governor Following the Central Bank of Nigeria’s (CBN) final approval for a Payment Service Bank (PSB) licence, MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB) Limited, legally began operations today. This comes after a successful pilot that began on May 16, 2022, […]
Nigeria’s premier banking institution and leading financial services inclusion services provider, First Bank of Nigeria Limited has won two awards: Best Bank in Nigeria 2022 and Best Banking Digital Transformation Nigeria at the International Investor Awards 2022, a print and online publication that provides insights, news and visual informative pieces with topics […]
In furtherance of its role in promoting the sustainability and viability of Small and Medium-sized Enterprises (SMEs), Nigeria’s premier and leading financial inclusion services provider, FirstBank, will convene its SMEConnect webinar themed Leveraging Alternative Payment Methods (APMs) to drive revenue for your business at 11:00 am on Thursday, 24 March […]
The House of Representatives has requested the Central Bank of Nigeria (CBN) to impose rigorous controls and standards, including sanctions, on Point of Sale company activities in Nigeria “in the public interest.” In addition, the House charged its Committee on Banking and Currency with organizing a stakeholders’ meeting to “address […]
Abbey Mortgage Bank blazed a new trail in the financial services industry with the release of its data-friendly mobile banking application. The App launch, which took place today at the company’s head office in Victoria Island, Lagos, will give users fast access to their accounts as well as the opportunity […]
FirstBank, Nigeria’s top financial inclusion services provider, has urged its clients to take advantage of the bank’s ongoing Verve Card campaign, which is meant to reward customers for their sustained use of the Verve debit Card. The eight-week promotion will end on Wednesday, March 30, 2022, with 2,601 clients winning […]