Claim 1. POLARIS Bank has lost N26.005 billion worth of loans granted to 6 ex-directors, mostly without collaterals
Browsing: FBN
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Unegbu, who is a former Managing Director of the Citizens International Bank, and a past president of Chartered Institute of Bankers of Nigeria, stated this in an interview with the News Agency of Nigeria on Saturday in Abuja.
In an interview with BusinessDay, Adesola Adeduntan, First Bank’s CEO, noted that over N9.6 trillion had been processed through the bank’s agent network.
The bank’s Managing Director, Dr. Adesola Adeduntan, disclosed this at the FBN’s agent banking national award ceremony.
Nigeria’s premier and leading financial services provider, First Bank of Nigeria Limited, has joined the rest of the world to celebrate the 2019 Customer Service Week, themed: “The Magic of Service.”
Speaking on the winning transaction, Patrick Mgbenwelu, the Director and Head of Debt Solutions for FBN Capital, said: “These awards reaffirm our ability to remain at the forefront of structuring and closing innovative financing solutions within the African Investment Banking industry
The Fund, managed by FBN Capital Asset Management (operating under the brand name FBNQuest) is a SEC-registered open ended mutual fund that invests in a broad range of money market securities such as treasury bills, commercial papers, fixed deposits and aims to offer a high level of security coupled with a competitive yield.
FBN Holdings Plc on Wednesday in Lagos announced an operational lost of N64 billion in 2014 due to…
Transactions on the Nigerian Stock Exchange reopened for the week on a bearish trend as the market capitalisation dropped N22 billion or 0.16 per cent.
Speaking at the 1st FBN Capital Project and Infrastructure Finance Conference in Lagos, Akinkugbe said the current power sector privatization initiatives will go a long way towards closing the gap of substantial funding required for Nigeria Independent Power Project and other Green Field power plants
Sunny Nwosu, the National Coordinator, Independent Shareholders Association of Nigeria, said the company’s dividend was the best in the industry
This, according to the Sanlam Group, has earned the Nigerian company its “Rising Star trophy” after emerging tops amongst its investments across other countries, including India, Uganda and East Africa.
Annually, Sanlam Group holds what it describes as the Nations Cup for its investment subsidiaries across the continent, usually in three classes – Premier, Major and Rising Star, where the rising star is for upcoming companies.