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Is First Bank Of Nigeria Distressed? - Investment - Nairaland

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Is First Bank Of Nigeria Distressed? by hisexcellency34: 6:57am On Jan 08, 2020
I have noticed a shortage of staff at Firstbank of Nigeria since last year. Most of their cubicles are empty with just one or two staff to attend to customers. I visited one of their branches again yesterday and I noticed the same.

Is the bank distressed?

Re: Is First Bank Of Nigeria Distressed? by KingSatan: 7:16am On Jan 08, 2020
Yes they are.


It's either they lock up or there would be a merger.


Watch out.

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Re: Is First Bank Of Nigeria Distressed? by popsy2(m): 7:22am On Jan 08, 2020
Ok
Re: Is First Bank Of Nigeria Distressed? by Solsix(m): 7:31am On Jan 08, 2020
Too bad if it's true, but if there's no much customers there is need to employ and pay idle staff according to your picture
Re: Is First Bank Of Nigeria Distressed? by chuxy12(m): 1:03pm On Jan 08, 2020
That can be true! The last bank to be distressed in Nigeria should be FBN. They have sound economic fundamental s, but what do l know? ln this terrible economic period when Nigerian is spending stupidly and heavily on questionable subsidy and about borrowing $30b in a country where the cost of governance is sicking and frightening, any thing is possible. God help us all!
Re: Is First Bank Of Nigeria Distressed? by Gee64: 10:19pm On Jan 08, 2020
Change of attitude is what we need!
chuxy12:
That can be true! The last bank to be distressed in Nigeria should be FBN. They have sound economic fundamental s, but what do l know? ln this terrible economic period when Nigerian is spending stupidly and heavily on questionable subsidy and about borrowing $30b in a country where the cost of governance is sicking and frightening, any thing is possible. God help us all!

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