First bank made provision of over 27 billion naira bad loans for the last financial yr ended 31st march 2009. Six months down the line The Bank has recovered over 80% of the bad loans. The Bank is set to acheive an amazing feat be giving a bonus of 1 for 1 to shareholders for the half year(INTERIM). The bonus comes as a result of of the loan recovery and profit that the bank has acheived in the past 6 months(April 2009- sept 2009)

MY ADVICE: HOLD UNTO YOUR FIRST BANK SHARES, IF YOU DONT HAVE BUY NOW, IT IS STILL CHEAP(N15). BY END OF NOV WHEN THE RESULT WILL BE ANNOUNCED THE SHARE PRICE MIGHT GET UP TO N60 OR MORE. TAKE ADVANTAGE


SOURCE: NAIRALANDER THAT WORKS WITH FIRST REGISTRARS(SUBSIDIARY OF FIRST BANK SECURITIES) THIS REPORT HAS NOT BEEN MADE PUBLIC YET.

thanks for the info

I had first bank shares but they are reallly good in giving bonus, they gave one last year but I doubt if they will ever give another this year but I still keep my shares till 2015, so either it goes up on down, none of my business because I await on bonus and economy in 2015

insider trading.

Try this in the U.S and watch yourself go to jail

Hi, nairalander , i work with on of the leading asset management in Lagos, we carried a research on some of the quoted companies on the exchange recently and we found out as the it is now , if you invested 100,000 in firstbank share in the year 2005 , despite the downturn of the market, calculating your dividends and bonuses for the past years , my dear you are still making bountiful returns despite the price it was now , without doing any research or any analysis , i can boldly tell anybody to buy firstbank share.

this is inside tradn or a propaganda to pls be more informed of the working of NSE, u are doing more harm to the company for giving away unreleased information