Tag: First Bank

Why First Bank wrote off N748bn bad loans ―Group Chairman, Femi Otedola explains

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Femi Otedola, the Group Chairman of First Bank Holdings, has explained the rationale behind the decision to write off N748bn in legacy non-performing loans, describing it as a calculated move to secure the bank’s long-term financial health, despite its heavy impact on profits. Otedola disclosed this in a post on his X handle on Saturday […]

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Bank of Ghana suspends Nigeria’s GTB, First Bank’s forex licences

Bode DoluLeave a Comment on Bank of Ghana suspends Nigeria’s GTB, First Bank’s forex licences

Bank of Ghana (BG) has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited. The suspension, which will take effect from March 18, 2024, for one month, was announced in a statement, on Monday, by the Ghanaian apex bank. That measure comes in response to […]

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