May 29, 2023

Month: May 2022

EXCITEMENT IN SHAREHOLDERS’ CAMP AS FIRSTBANK SHEDS NPL BURDEN  With a significant cut in its impairment charges (which translates into a clean loan book) in its 1Q, 2022 results, after it successfully brought down its non-performing loan to 6.1 per cent in 2021 full year performance, analysts say the repeat of the impressive performance of FirstBank in the first quarter did not only show the consistency in its rebound, but that it demonstrated the fact that the recovery is real.  For the shareholders of the Nigerian banking behemoth, First Bank of Nigeria Limited, it is a season of celebration and a period to shower praises on the board and management of the bank for successfully working its way back into reckoning, after a long period of operational challenges mostly blamed on rising cases of non-performing loans. The shareholders, who joined other stakeholders of the bank and its parent company, FBN Holdings Plc., in appraising its first-quarter 2022 results made public last week, said it is a great relief that the organisation has put the issue of non-performing loans behind it.
6 min read

EXCITEMENT IN SHAREHOLDERS’ CAMP AS FIRSTBANK SHEDS NPL BURDEN  With a significant cut in its impairment charges (which translates into a clean loan book) in its 1Q, 2022 results, after it successfully brought down its non-performing loan to 6.1 per cent in 2021 full year performance, analysts say the repeat of the impressive performance of FirstBank in the first quarter did not only show the consistency in its rebound, but that it demonstrated the fact that the recovery is real.  For the shareholders of the Nigerian banking behemoth, First Bank of Nigeria Limited, it is a season of celebration and a period to shower praises on the board and management of the bank for successfully working its way back into reckoning, after a long period of operational challenges mostly blamed on rising cases of non-performing loans. The shareholders, who joined other stakeholders of the bank and its parent company, FBN Holdings Plc., in appraising its first-quarter 2022 results made public last week, said it is a great relief that the organisation has put the issue of non-performing loans behind it.

springnews May 31, 2022
According to them, the outstanding results for the bank’s full-year 2021 is an appetiser to the first-quarter...
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Vice President, Alhaji Atiku Abubakar, has emerged the presidential candidate of the Peoples Democratic Party (PDP) after he defeated eleven other aspirants at the party’s presidential primary election National Convention at MKO Abiola Stadium in Abuja.
1 min read

Vice President, Alhaji Atiku Abubakar, has emerged the presidential candidate of the Peoples Democratic Party (PDP) after he defeated eleven other aspirants at the party’s presidential primary election National Convention at MKO Abiola Stadium in Abuja.

springnews May 29, 2022
Atiku pulled 371 votes to defeat his closest rival, Governor Nyesom Wike, of Rivers State. A total...
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DEVELOPING STORY……..The immediate past Chief of Air Staff, Air Marshal Abubakar Saddique,also a fromer Ambassador to the Republic of Chad has been declared the winner of the All Progressives Congress governorship primary in Bauchi State
1 min read

DEVELOPING STORY……..The immediate past Chief of Air Staff, Air Marshal Abubakar Saddique,also a fromer Ambassador to the Republic of Chad has been declared the winner of the All Progressives Congress governorship primary in Bauchi State

springnews May 27, 2022
by spring news international magazine online and hard copy
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Heritage Bank leveraging technology to promote financial inclusion for inclusive growth in today’s world, making financial services accessible is fast becoming a key area of concern to policymakers for the well-known reason that it has far reaching economic implications.
5 min read

Heritage Bank leveraging technology to promote financial inclusion for inclusive growth in today’s world, making financial services accessible is fast becoming a key area of concern to policymakers for the well-known reason that it has far reaching economic implications.

springnews May 26, 2022
To this end, financial inclusion has assumed a greater level of importance due to its perceived relevance...
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Former Vice President of Nigeria and a presidential aspirant of the Peoples Democratic Party, Atiku Abubakar has released an abridged version of his policy document ahead of the 2023 presidential election.
2 min read

Former Vice President of Nigeria and a presidential aspirant of the Peoples Democratic Party, Atiku Abubakar has released an abridged version of his policy document ahead of the 2023 presidential election.

springnews May 26, 2022
The policy document tagged, “My Covenant with Nigerians,’’ is an update on the 2019 document which could...
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Former Anambra State Governor, Peter Obi, has dumped the Peoples Democratic Party. He also announced his withdrawal from the race for the party’s presidential ticket
2 min read

Former Anambra State Governor, Peter Obi, has dumped the Peoples Democratic Party. He also announced his withdrawal from the race for the party’s presidential ticket

springnews May 26, 2022
Director General of the Peter Obi Presidential Campaign Organisation, Dr. Doyin Okupe, made this public after submitting...
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