• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

First Bank increases stake in DRC unit

Onome Ohwovoriole by Onome Ohwovoriole
September 29, 2017
in Company News
First Bank increases stake in DRC unit
Share on FacebookShare on TwitterShare on Linkedin

First Bank of Nigeria Plc (FBN)has announced the acquisition of the remaining shares of its Congo subsidiary. The bank had in October 2011 acquired 75% of BIC based in the Democratic Republic of Congo.

What FBN DRC stands to gain from the acquisition

FBN DRC Managing Director Akeem Oladele stated that the acqusion would enable it leverage on the strength of the parent bank, and double its efforts to become one of the top 3 banks in Congo.

RelatedStories

Nigeria’s largest multinationals spreading across Africa – 2025

Nigeria’s largest multinationals spreading across Africa – 2025

May 7, 2025
First Bank

First Bank secures court order to arrest crude oil cargo onboard FPSO vessel linked to GHL   

January 15, 2025

“With 100% holding by FirstBank, FBNBank DRC now has much greater flexibility to deliver differentiated propositions by fully tapping into the resources and innovative capabilities of FirstBank in 8 countries, on 3 continents. FBNBank DRC is also now uniquely positioned to deepen customer reach, broaden offerings and accelerate its growth from top 5 to top 3 in DRC.”

First Bank DRC was founded in 1994 under the name Banque Internationale De Credit (BIC). In July 2008, two large international investment groups, namely Benny Steinmetz Group (BSG) and Dan Gertler International (DGI) became shareholders in BIC. In July 2015, BIC rebranded to FBN Bank DRC.

For the half year ended June 2017, show gross earnings increased from N267.9 billion in 2016 to N288.8 billion in 2017. The bank made a profit before tax of N28.9 billion, compared to N35.8 billion in 2016.First Bank shares are currently trading at N5.40 in today’s session on the Nigerian Stock Exchange. Year to date, the shares are up 63.285.


Follow us for Breaking News and Market Intelligence.
Tags: FBN DRCFirst Bank of Nigeria LimitedNews Review
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

Nigeria’s largest multinationals spreading across Africa – 2025
Companies

Nigeria’s largest multinationals spreading across Africa – 2025

May 7, 2025
First Bank
Breaking News

First Bank secures court order to arrest crude oil cargo onboard FPSO vessel linked to GHL   

January 15, 2025
Court freezes $225 million in assets linked to General Hydrocarbons and Nduka Obaigbena 
Legal & Regulations

General Hydrocarbons’ push for fresh $53 million loan seen igniting legal battle with First Bank 

January 10, 2025
CBN issues directive to curb mass sacking by banks
Small Business

How companies determine who to fire in an economic crunch

November 29, 2022
Folake Ani-Mumuney, FirstBank
Small Business

First Bank launches single digit loan for women-owned businesses, reinforces role in strengthening gender inclusion

July 1, 2022
FirstBank announces name change of its subsidiaries, reiterates commitment to boosting cross-border business opportunities in Africa and the world
Corporate Press Releases

FirstBank wins Best Bank in Nigeria and Best Bank in Digital Transformation Nigeria 2022

April 29, 2022
Next Post
Fidelity Bank restructures its dollar debt

Fidelity Bank restructures its dollar debt

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • GTB, UBA resume international transactions on naira cards with varying spending limits 
  • World Bank Appoints Mathew Verghis as Country Director for Nigeria 
  • 10 African Central Banks exploring digital currencies in 2025 

Follow us on social media:

Recent News

Nigerian bank customers risk financial losses by exposing ATM card numbers—Zecharia Akinpelu

GTB, UBA resume international transactions on naira cards with varying spending limits 

July 4, 2025
World Bank Appoints Mathew Verghis as Country Director for Nigeria 

World Bank Appoints Mathew Verghis as Country Director for Nigeria 

July 4, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics