Senior Management Development Programme News Today

First Bank of Nigeria Ltd. has graduated 20 successful participants in the fourth edition of its Senior Management Development Programme (SMDP).

Folake Ani-Mumuney, Group Head, Marketing and Corporate Communications, FirstBank, revealed this in a statement.

Rising from a lower profit margin of N10.2billion and a debilitating Non-Performing Loan portfolio of 45 per cent in 2015, to an impressive profit of N147billion and a significantly lowered NPL rate of 5.6 per cent in 2022, FirstBank h

Dazzles stakeholders with growth across key metrics Rising from a lower profit margin of N10.2billion and a debilitating Non-Performing Loan portfolio of 45 per cent in 2015, to an impressive profit of N147billion and a significantly lowered NPL rate of 5.6 per cent in 2022, FirstBank has proven that its back-to-back profit-making is far beyond recoveries |

There seems to be a consensus among watchers of the Nigerian banking sector that these days, the changing dynamics foisted on the nation’s economy by both the current local and international economic realities are already taking their toll on Nigerian banks.

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First Bank of Nigeria Limited said it has promoted 1,179 employees to new grades as part of the year-end appraisal outcomes.