First Bank has announced plans to transition to a new cloud-based procurement and financial platform as part of its ongoing strategy to improve operational efficiency and service delivery. The migration, scheduled to begin on Saturday, 26 October, is expected to result in temporary service disruptions, the tier one lender with over 42 million customers said in a Wednesday notice. This …

First Bank of Nigeria (FBN) has appointed Olusegun Alebiosu as its acting managing director (MD) with effect from April 2024. The Bank stated this in a release by its acting company secretary, Adewale Arogundade. Alebiosu takes over from Adesola Adeduntan, who gave up the role abruptly on Saturday even though he was due to complete his tenure in December 2024. …

The Chief Executive Officer of First Bank Limited, Dr. Adesola Adeduntan over the weekend called on graduates of the University of Ibadan not to be afraid of failure but continue investing themselves and upscale their skills to be competitive in the global marketplace. Others who joined Adeduntan in making the charge are the Chief Executive Officer of GIS Konsult Limited, David …

Chief Executive Officer of First Bank of Nigeria, Adesola Adeduntan leads media-performing CEOs in the Banking, Insurance and Telecommunication sectors in the third quarter of 2023, according to data analysed by P+ Measurement Services, a leading media intelligence consultancy. Adeduntan polled 35 per cent media share to sit at the top, followed closely by Moruf Oseni of Wema Bank with …

Honeywell Group, led by Dr. Oba Otudeko, has reportedly bought the largest shares of FBNHoldings Plc in a cross deal worth N87.8 billion. The shares which Otudeko bought at N19 per unit are the largest volume of FBNHoldings’ shares traded in a single day since 2012 when the stock exchange started publishing data. The trade has ratcheted up allegations over …

First Bank of Nigeria Limited has announced a phased corporate name change for its subsidiaries in the United Kingdom and sub-Saharan Africa. In a statement, the nation’s premier financial services institution noted that FBNBank UK, FBNBank Sierra Leone, FBNBank Gambia, and FBNBank DRC are now to be addressed as FirstBank UK, FirstBank Sierra Leone, FirstBank Gambia, and FirstBank DRC, being …

African Export Import Bank (Afreximbank) has announced the disbursement of a US$150 million finance facility to First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider. The funding was provided under Afreximbank’s Pandemic Trade Impact Mitigation Facility (PATIMFA). Afreximbank’s US$150 million financial support will be accessible to FirstBank customers that are involved in the manufacturing and importation of products …