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Legit
“We Are Excited”: First Bank Announces New Name For Subsidiary, Gives Reasons
~2.0 mins read

FBNBank Ghana has announced a name change to FirstBank Ghana to establish a consistent brand identity.

The name change aligns with FirstBank Group, the parent company's push to create a uniform identity built by FirstBank Nigeria in its over 130 years of banking experience.

According to a statement, the bank said the decision to rebrand to FirstBank Ghana reflects the bank's dedication to delivering world-class banking services and strengthening its position as a leading financial institution in Ghana.

Legit.ng understands that FirstBank Group has changed names across its subsidiaries in Africa and Europe, including FirstBank UK, FirstBank Sierra Leone, FirstBank Gambia, FirstBank DRC, and FirstBank Guinea.

First Bank Ghana's name change

Speaking on the new name, FirstBank Group's acting Group Chief Executive Officer(CEO), Olusegun Alebiosu, said that the rebranding aligns with the bank's goals and objectives.

He added:

"The name change aligns perfectly with our esteemed brand's 130-year legacy, marking an exciting chapter in our journey as FBNBank Ghana transforms into First Bank Ghana. This transition marks a pivotal milestone in our quest to emerge as the premier international financial services group across Sub-Saharan Africa."This shift underscores our unwavering dedication to delivering cutting-edge solutions, unparalleled customer experiences, and fostering socio-economic progress in Ghana and beyond. As part of the FirstBank Group, spanning various markets, we are strategically poised to harness our combined expertise and resources, propelling sustainable growth and delivering value to all stakeholders."

Also reacting, Victor Yaw Asante, the Managing Director and CEO of First Bank Ghana, said the new name will mark a new chapter for the bank in the country.

He noted:

"We are confident that this name change will enhance our visibility, credibility, and competitiveness in the market, enabling us to better serve our customers and meet their evolving needs. Our commitment remains steadfast in delivering the gold standard of value and excellence to our customers and stakeholders."We will persist in placing our customers at the heart of our operations, ensuring the delivery of excellent banking services, fostering financial inclusion, and supporting the growth and prosperity of both our customers and communities."

First Bank Group's other subsidiaries that have transitioned from FBNBank are FirstBank UK, FirstBank Sierra Leone, FirstBank Gambia, FirstBank DRC, and FirstBank Guinea.

Banks expose tricks used by fraudsters

Earlier, Legit.ng reported that Nigerian banks have once again warned customers to be vigilant regarding various fraudsters' methods.

The latest message is from First Bank of Nigeria, the oldest financial institution in the country.

The combined customer deposits of Nigeria's biggest banks stand at over N15 trillion.

Source: Legit.ng

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Investopedia
5 Things To Know Before The Stock Market Opens
~3.0 mins read

Warner Bros. Discovery (WBD) stock is slipping after first-quarter results, hours after it and Disney (DIS) announced a new streaming bundle that includes Disney+, Hulu and Max; Arm Holdings (ARM) shares are tumbling after the artificial intelligence (AI) chip designer's Wall Street-beating results were overshadowed by a weak outlook for fiscal 2025; shares of Airbnb (ABNB) are sliding after the short-term home-rental firm, too, was punished by tepid guidance that outweighed its quarterly results; shares of Robinhood Markets (HOOD), meanwhile, are jumping as the trading app’s results beat forecasts; and the bidding group led by Sony Pictures Entertainment and private-equity firm Apollo Global Management reportedly plan to break up Paramount Global (PARA) if they succeed in acquiring the U.S. media giant. U.S. stock futures are falling. Here’s what investors need to know today.

Warner Bros. Discovery (WBD) stock is down more than 4% in premarket trading after it reported quarterly results that missed estimates. The owner of the Max streaming service said total revenue for the first quarter fell 7% year-over-year to $9.96 billion, and reported a net loss of $966 million, a narrowing from the $1.07 billion loss posted in the same period last year. It reported a diluted loss per share of 40 cents, versus 44 cents in Q1 2023. The results came hours after it announced a plan to team up with Disney (DIS) to offer a bundle of their streaming services. Consumers will be able to sign up for a package that includes Disney’s Disney+ and Hulu and Warner’s Max, the latest bundling of streaming services by companies seeking to offer consumers something close to the traditional cable TV package.

Arm Holdings' (ARM) was down more than 8% in premarket trading after the British semiconductor chip designer's better-than-expected results for the fiscal fourth quarter were overshadowed by its weak guidance for fiscal 2025. While its 47% surge in quarterly revenue beat estimates, and Chief Executive Officer (CEO) Rene Haas talked of “strong tailwinds heading into FYE25” on the back of AI chip demand, Arm’s full-year revenue projection of between $3.8 billion and $4.1 billion lagged estimates—raising investor fears that companies are slowing their spending on AI chips. Arm ADRs are off highs hit in February but still nearly double the level of September, when the company was listed by SoftBank Group at $51 a share.

Shares of Airbnb (ABNB) slid 9% in premarket trading after the  short-term accommodation marketplace issued a weaker-than-expected current-quarter outlook, overshadowing its first-quarter earnings and revenue that came in ahead of analysts’ expectations. While the Paris Olympics may boost summer rentals, the company said in its shareholder letter that its current-quarter results face “a significant sequential headwind” from the timing of Easter, an added leap-year day in the prior quarter, and the impact of foreign exchange fluctuations.

Robinhood Markets (HOOD) shares were up 5% in premarket trading after the trading app posted record quarterly revenue and profits that beat Wall Street forecasts. The company, which early this week said it may face enforcement action from the Securities and Exchange Commission (SEC) related to its cryptocurrency business, reported a 232% year-over-year surge in crypto-transaction revenue to $126 million in the first quarter, and said total net revenue soared 40% to $618 million. It said that more than 1 million customers had joined the waitlist for its new gold credit card, which is for its premium "gold" subscribers and offers 3% cash back.

The bidding group led by Sony Pictures Entertainment and private-equity firm Apollo Global Management reportedly plans to break up Paramount Global (PARA) if it succeeds in acquiring the U.S. media giant. The plan would include auctioning off CBS, cable channels like MTV, and the Paramount+ streaming service, reported, while Paramount Pictures, whose blockbusters include the "Mission: Impossible" franchise and "Top Gun," would be combined with Sony’s business. A special committee of Paramount’s board of directors met Saturday and signed off on beginning deal talks with Sony and Apollo, after a period of exclusive talks with the Hollywood studio Skydance lapsed, the previously reported. Paramount shares were up 1% in premarket trading. 

Do you have a news tip for Investopedia reporters? Please email us at tips@investopedia.com

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Instablog9ja
Man Arrested For Luring And K+lling A KEDCO Staff To Avoid Repaying The N3m He Deceitfully Collected From Him In Kano
~1.3 mins read

The Kano State Police Command has made significant progress in the investigation of the abduction and culpable homicide of Bello Bukar Adam, a Kano Electricity Distribution Company (KEDCO) staff member.

The incident, which occurred on the 4th of May, sent shockwaves through the community, leaving residents on edge. According to a press release issued by the Kano State Police Command on Thursday, the victim, Bello Bukar Adam, 45, had left his home in Zawaciki Housing Estate, Kano, with his Toyota Corolla motor vehicle, only to disappear without a trace.

However, on the evening of the same day, a male adult’s lifel£ss body was discovered abandoned on the outskirts of the Eastern Bypass, near Bechi Village in Kumbotso Local Government Area of the state. Upon receiving the report, the Commissioner of Police, Mohammed Usaini Gumel, swiftly mobilised a team of detectives led by Aliyu Mohammed Auwal, the officer in charge of the Anti-Kidnapping Squad, to apprehend the perpetrator(s) within 24 hours.

The team’s diligence paid off when they arrested Sadiq Zubairu, 35, on the 6th of May at 9:00 am. According to the Police Public Relations Officer, Abdullahi Kiyawa, the suspect In a startling revelation, confessed to conspiring with two hefty men to lure the victim to his house under the pretense of securing a job offer.

The suspect had deceitfully collected N3 million Naira from late Bello to help him secure a better job. Upon realising he couldn’t fulfill his promise, the suspect resorted to v+olence, leading to the tragic d£ath of Bello Bukar Adam. The PPTO, quoted the suspect as saying, “He tied him up, h+t him with sticks and sharp iron on his head and other parts of his body until he became motionless.”

Sadiq further confessed to disposing of the victim’s body along the Eastern Bypass and st£aling his motor vehicle and mobile phone.

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Instablog9ja
Israel Afeare Rejoices After Davido Reportedly Sacked His Lawyer And Longtime Friend, Bobo Ajudua
~0.2 mins read

Israel Afeare has rejoiced after Davido reportedly sacked his lawyer and longtime friend, Bobo Ajudua.

He was dancing as he rejoices over the news of the sack.

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Gistlegit
Breaking: Apostle Johnson Suleman Takes South America By Storm, Massive Crowd, And Diverse Miracles (Watch Videos)
~1.2 mins read
In recent times, the global Christian community has witnessed a remarkable wave of miracles, signs, and wonders, all credited to the popular renowned Nigerian Pastor, Apostle Johnson Suleman of Omega Fire Ministries Worldwide. As if a tsunami of divine intervention, Apostle Suleman has taken South America, particularly Venezuela, by storm, leaving an indelible mark on the hearts of the people.
 
The mega crusade in Venezuela, aptly themed "Power As Of Old" #Intimacy2024, became the perfect platform for Apostle Suleman to showcase the power and glory of Jesus Christ. The event, which attracted thousands of worshipers, witnessed awe-inspiring, supernatural occurrences that left the Venezuelan crowd astounded. The testimonies of the people were filled with expressions of awe and amazement, as they exclaimed, "We have not seen these before – mighty miracles, signs, and wonders as of bible days."
 
This display of God's power through Apostle Suleman's ministration resonated deeply with the attendees, who eagerly sought divine intervention in their lives. The atmosphere was charged with fervor and faith, as Apostle Suleman's powerful sermons and prayers ignited the hearts of the people, instilling in them a renewed sense of hope and belief in the miraculous through the power of our Lord Jesus Christ
 
Watch Video:
 
 Nigerians reacts at Apostle Johnson Suleman's Humanitarian Gesture in Venezuela 🇻🇪
 
@James_samson says "9ja Bloggers will not see this one to blog, always negative and toxic, Apostle Johnson Suleman is indeed a world figure for real"
 
@IjeomaJohnson_ 
says "This is what true Christianity should be about, we're so proud of you Apostle as you're taking Nigeria's flag across the globe for good"
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Instablog9ja
Actress Dorcas Fapson Hospitalized After Sm+king Shisha
~0.2 mins read

Actress Dorcas Fapson has been hospitalized after sm+king shisha.

She said she has tonsillitis which was caused from the weather and she also sm%ked shisha which made her condition like 20 times worse.

 

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