April 29, 2021/FirstBank of Nigeria Raheem Akingbolu reviews the new FirstBank’s corporate website and reckons that it would go a long way in strengthening the ability of the bank’s patrons and other potential customers in addressing basic banking operations. Outside the physical identity of any brand, the most accessible door […]
Money Market
FirstBank Names New MD/CEO -Francis Gbenga Shobo
April 28, 2021 By Evan Charles InvestAdvocate Lagos (INVESTADVOCATE)-The Board of Directors of First Bank of Nigeria Limited on Wednesday announced the appointment of Gbenga Shobo as its managing director/chief executive officer (CEO), Ibukun Awosika, chairman of the bank disclosed the appointment in a statement. Shobo succeeds Sola Adeduntan, who […]
Gross Loans Trend Higher Amidst Improving Asset Quality
April 27, 2021/United Capital Research Earlier, the National Bureau of Statistics released the Selected Banking Data Report for Q4-2020. In the report, banking sector Gross loans reportedly grew 16.6% y/y as well as 5.3% q/q to N20.5tn. Similarly, absolute Non-Performing Loans (NPLs) rose 16.0% y/y and 5.5% q/q to N1.2tn […]
