FirstHoldCo Plc Q1 Profit Surges 72.2%, Leads ROE
FirstHoldCo Plc posts 72.2% profit jump in Q1 2026, with PBT hitting N321.12 billion and ROE soaring to 31.6%, driven by balance sheet reset and loan growth.
Category : Banking
FirstHoldCo Q1 Profit Surges 72% After 2025 Decline
FirstHoldCo Plc rebounds in Q1 2026 with 72.2% profit rise to N321.1 billion, recovering from 2025's 70.5% slump due to heavy loan impairment charges in oil and gas sector.
LBIC Gross Earnings Up 41%, Boosts Mortgage Financing
LBIC reports 41% gross earnings growth to N3.56bn, 43% PBT increase to N1.65bn, and plans capital raise of N5bn to expand mortgage financing.
Nigeria Pension Assets Reach N29.5 Trillion
Nigeria's pension assets rose to N29.52 trillion in March 2026, driven by increased investment in government securities and domestic equities, highlighting the growing role of pension funds in the economy.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Kano Recovers N1.8bn Illegal Salary Deductions from Loan Vendors
Kano State sets up committee to recover N1.8bn illegally deducted from civil servants' salaries by private loan vendors, suspends further loan contracts.
NRS Extends Saturday Tax Office Operations for Rev360
Nigeria Revenue Service extends Saturday tax office operations nationwide from May 8 to June 27, 2026, ahead of Rev360 Phase I rollout, to enhance taxpayer support.
Nigerian Banks Spend ₦1 Trillion on Salaries in Talent War
Four major Nigerian banks increased salaries by 27.49% to ₦1.05 trillion in 2025, hiring 12.75% more staff as fintechs lure talent with competitive pay.
Four Tier-One Banks Earn N14.9 Trillion in One Year
Four Nigerian tier-one banks achieved combined gross earnings of N14.93 trillion in 2025, a 5.4% rise from 2024, despite experts warning of profit pressures from easing interest rates and FX stability.
ASSBIFI Flags Unrealistic Targets as Major Burden for Bankers
ASSBIFI highlights unrealistic targets as a key issue for banking workers, causing pressure, affecting performance, and leading to job losses.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Banks Seize Airtime Loan Market from MTN, Airtel with Cheaper Rates
Nigerian banks like GTBank, FirstBank, and FCMB are taking over the airtime and data lending market from telcos with lower interest rates, reshaping a N400 billion industry.
Mustafa Bello Named Zenith Bank Chairman, Succeeds Jim Ovia
Engr. Mustafa Bello has been appointed Chairman of Zenith Bank Plc, succeeding Jim Ovia, who retired after 12 years. Bello brings vast public and private sector experience.
Bad Loans Crisis: Shareholders and Directors, Not CBN, to Blame
The article argues that the bad loans crisis in Nigeria's banking sector stems from shareholders and directors, not the CBN, emphasizing legal duties and shared governance.
Zenith Bank Shareholders Get N410.69b Dividend, Bello New Chairman
Zenith Bank shareholders approved N410.69 billion total dividend for 2025. Founder Jim Ovia retired after 12-year tenure, succeeded by Mustafa Bello as Chairman.
Student Buys MTN Shares, Flaunts Dividend, Nigerians React
A 24-year-old civil engineering student, Peter Ogundiran, shared his MTN dividend of N27k on X, sparking reactions from Nigerians who congratulated him on his investment.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
SEC to Sanction Firms Without Sustainability Disclosures
SEC warns listed companies without verifiable sustainability disclosures face sanctions, as Nigeria seeks to align with global ESG standards and attract long-term capital.
Moniepoint CEO Laments Talent Decline Among Nigerian Youths
Moniepoint CEO Tosin Eniolorunda says the company struggles to fill 500 vacancies due to a shortage of qualified local talent, citing education and societal issues.
Wema Bank Reaffirms Digital Banking Commitment as ALAT Turns Nine
Wema Bank celebrates ALAT's ninth anniversary, reaffirming its commitment to digital banking with new features, rewards, and customer engagement activities.
NCC Compensation Policy Wins Praise for Telcos Reward
NCAN praises NCC's policy for automatic compensation to subscribers for poor service, hailing Maida's consumer-focused approach and local monitoring.
Banks Deduct 10% Tax on FX Savings Interest in Nigeria
Nigerian banks now deduct 10% withholding tax on interest from foreign currency savings accounts under the Nigeria Tax Act 2025, affecting dollar, pound, and euro accounts.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Tatum Bank Celebrates First Year with Strong Growth
Tatum Bank celebrates its first anniversary, highlighting strong financial performance, digital innovation, and meeting CBN recapitalisation requirements, with plans for continued growth.
Lagos Retirees Get N1.13 Billion Pension Bond Payouts
Lagos State releases N1.13 billion to 668 retirees under pension reform, reinforcing commitment to prompt benefits and financial security.
Nigeria Hits 185.7m Active Subscribers; Telcos Compensate
Nigeria's active telephone subscribers rose to 185.7 million in March 2026. Meanwhile, NCC enforces compensation for poor service, with Airtel and MTN issuing airtime refunds.
ICAN Tasks 1,113 New Fellows on Best Practices
ICAN President Dr. Haruna Yahaya urged 1,113 new fellows to prioritize financial integrity and global best practices amid economic uncertainties and technological disruption.
Zenith Bank Launches in Côte d’Ivoire, Expands West Africa
Zenith Bank Plc has launched a new subsidiary in Côte d’Ivoire, marking its entry into Francophone West Africa. The move strengthens its pan-African footprint and trade finance capabilities.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Telcos Start Compensating Subscribers for Network Failures
Nigerian telecom operators have started compensating subscribers for poor network service following an NCC directive. Airtel and MTN have credited airtime to affected customers.
Otedola Denies Funding Dangote Refinery: Not One Naira
Femi Otedola refutes claims of funding Dangote Refinery, stating he invested no money. He clarifies interest only in future IPO, not construction.
CBN Scraps Card Fees, Free Email Alerts in New Banking Charges
The Central Bank of Nigeria has eliminated card maintenance fees and made email alerts free under a revised banking charges framework effective May 1, 2026, bringing relief to millions.
Nigeria Needs Domestic Capital for Infrastructure, Says PIDG CEO
PIDG CEO Phillipe Valahu discusses domestic capital mobilisation, credit enhancement, and PPPs to bridge Nigeria's infrastructure gap.
Lagos Workers Demand N225,000 Minimum Wage Amid NLC Talks
Organised labour plans to renegotiate the national minimum wage by July 2026, while Lagos NLC demands an increase from N85,000 to N225,000 due to rising living costs.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
ATOPCON Urged to Leverage New Tax Act Incentives
ATOPCON has been urged to embrace the new Nigerian Tax Act's incentives for real estate professionals. Experts advise proper record-keeping and tax compliance to reshape urban planning practice.
Page 15 of 40
