First Bank

Markets & Investing

First Bank begins deduction of 10% withholding tax on short-term securities

Plu Team -
First Bank of Nigeria has begun implementing a 10% withholding tax (WHT) on interest...
Corruption

TIMELINE: Otudeko cleared of N12.3bn fraud a week after massive share sale

Plu Team -
Nigeria’s anti-graft agency has withdrawn a high-profile ₦12.3 billion fraud case against Oba Otudeko,...
Banks

First Bank (First HoldCo) gets a new top buyer. Here’s who’s behind the deal

Plu Team -
A dramatic shift in the ownership structure of Nigeria’s oldest bank, First Bank, is...
Banks

As CBN dividend ban rattles bank stocks, only two lenders speak out

Olawale Afolabi -
Days after the Central Bank of Nigeria (CBN) stunned financial markets with sweeping restrictions...
Corruption

Former First Bank chiefs Otudeko, Onasanya face N12.3bn fraud charges

Plu Team -
The Economic and Financial Crimes Commission (EFCC) has filed a 13-count charge against Oba...
Companies

Recapitalization: First Bank’s holding company to raise N300 billion

Plu Team -
Nigeria's FBN Holdings, parent company of the banking giant First Bank, is seeking shareholder...
Banks

Otudeko’s Honeywell buys N91 billion shares to become First Bank’s top owner

Plu Team -
Honeywell Group, owned by Oba Otudeko, has stepped up its stake in FBHoldings Plc,...
Markets & Investing

Banks BTA cut reveals Nigeria’s forex trouble as reserves hit 17-month low

Eric Ojo -
Major Nigerian banks have announced cuts in personal travel allowance and business travel allowance...