Nigeria — Central Bank of Nigeria & FirstBank of Nigeria
9 shared events · Importance 4 · Last updated Aug 12, 2026
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Business
Nigeria — Central Bank of Nigeria: The Nigeria — Central Bank of Nigeria set the N500 billion minimum capital requirement for banks with international authorization, which FirstHoldCo is exceeding with its N1 trillion target, driving the recapitalization efforts in the banking sector.
FirstBank of Nigeria: FirstBank of Nigeria is the flagship banking subsidiary of FirstHoldCo, and its parent company's capital raise will further strengthen its position, already having met the Nigeria — Central Bank of Nigeria's minimum capital requirement.
May 29, 2026 · 6 articles
Tech
Nigeria — Central Bank of Nigeria: The CBN provides regulatory support and mandates ISO 20022 adoption, reinforcing the NPS rollout. Its backing is crucial for industry-wide compliance and the success of the new payment rail.
FirstBank of Nigeria: First Bank leads in total transaction volume on the NPS, demonstrating early adoption and strong customer engagement. This positions the bank favorably in the modernized payment landscape.
Aug 11, 2026 · 7 articles
Business
Nigeria — Central Bank of Nigeria: The central bank's regulatory oversight and capital requirements have shaped the recapitalisation. Its earlier intervention in First Bank's governance set the stage for Otedola's reforms.
FirstBank of Nigeria: As the main subsidiary of First HoldCo, First Bank has been recapitalised and cleaned up under Otedola's leadership. Its improved performance and capital position underpin the group's re-rating.
Jan 10, 2022 · 89 articles
Business
Nigeria — Central Bank of Nigeria: The Nigeria — Central Bank of Nigeria's recapitalisation mandate has driven investor interest in tier-1 banks like FirstHoldCo, indirectly supporting the market rally. The policy aims to strengthen the banking sector's capital base.
FirstBank of Nigeria: As the parent entity of FirstHoldCo, FirstBank of Nigeria is a key beneficiary of the group's market valuation surge, reflecting improved financial health and investor confidence in its operations.
Aug 03, 2026 · 7 articles
Business
Nigeria — Central Bank of Nigeria: The Nigeria — Central Bank of Nigeria's regulatory framework influences the dividend policy and recapitalisation efforts, with approvals required for implementation.
FirstBank of Nigeria: FirstBank of Nigeria, the main subsidiary, benefits from the group's recapitalisation and improved capital adequacy, supporting its operations and growth.
Jul 30, 2026 · 6 articles
Business
Nigeria — Central Bank of Nigeria: The Nigeria — Central Bank of Nigeria was one of the five founding institutions of the Association of Corporate Communication and Marketing Professionals in Banks in 1996.
FirstBank of Nigeria: FirstBank of Nigeria was one of the five founding institutions of the Association of Corporate Communication and Marketing Professionals in Banks.
Jun 15, 2026 · 9 articles
Regulatory
FirstBank of Nigeria: FirstBank of Nigeria is one of the companies in which Chukwunyere Nwabuoku held forfeited stocks.
May 13, 2026 · 10 articles
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