• FirstBank appoints Olusegun Alebiosu as Chief Risk Officer

    FirstBank appoints Olusegun Alebiosu as Chief Risk Officer

    FirstBank of Nigeria Limited has appointed Olusegun Alebiosu as its new Chief Risk Officer (CRO). Prior to this appointment, Olusegun was the Chief Risk Officer of Coronation Merchant Bank.

    Alebiosu’s appointment, which is still subject to approval by the Central Bank of Nigeria (CBN), according to a statement by Folake Ani-Mumuney, First Bank’s Group Head, Marketing & Corporate Communications, is consistent with bank’s focus on corporate governance and best practice, and ensuring a balance of knowledge, judgment and experience at the […]

  • FirstBank denies forgery allegation against officers

    FirstBank denies forgery allegation against officers

    FirstBank Nigeria Limited has described as false and mischief, the news making the rounds on the allegation of forgery against its officers by the promoters of Zone 4 Energy Limited.

    It explained in a statement that Zone 4 Energy Limited maintained a business relationship with FirstBank and had been availed of import finance petroleum lifting facility following their request to support local purchase and importation of refined petroleum products, as well as the acquisition and renovation of a tank farm.

    The facilities […]

  • ‘Reasons why we hid NNPC’s dollars’ – FirstBank, Fidelity, Keystone explain

    ‘Reasons why we hid NNPC’s dollars’ – FirstBank, Fidelity, Keystone explain

    Some Nigerian banks on Wednesday clarified their positions on the alleged suspension from the foreign exchange market transaction by the Central Bank of Nigeria (CBN) over alleged non-remittance of the NNPC dollar deposits.

    The affected banks expressed their stance in statements and e-mails to customers on Wednesday in Lagos.

    The banks include the FirstBank Ltd., Fidelity, Keystone and Heritage.

    FirstBank in a statement, said that the referenced NNPC dollar accounts were fully disclosed to the CBN.

    It said that accounts were being operated in […]

  • FirstBank, others clarify positions on forex sanction by CBN

    FirstBank, others clarify positions on forex sanction by CBN

    Some banks on Wednesday clarified their positions on the alleged suspension from the foreign exchange market transaction by the Central Bank of Nigeria (CBN) over alleged non-remittance of the NNPC dollar deposits.

    The affected banks expressed their stance in statements and e-mails to customers on Wednesday in Lagos.

    The banks include the FirstBank Ltd., Fidelity, Keystone and Heritage.

    FirstBank in a statement, said that the referenced NNPC dollar accounts were fully disclosed to the CBN.

    It said that accounts were being operated in line […]

  • FirstBank names Patrick Iyamabo as new Chief Financial Officer

    FirstBank names Patrick Iyamabo as new Chief Financial Officer

    First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, Tuesday announced the appointment of Mr. Patrick Iyamabo as its new Chief Financial Officer (CFO). The appointment follows the elevation of the former CFO, Dr. Adesola Adeduntan to Managing Director/CEO of the Bank.

    Mr. Iyamabo’ s appointment, which is still subject to approval by the Central Bank of Nigeria (CBN), is consistent with FirstBank’s focus on corporate governance and best practice, and ensuring a balance of knowledge, […]