Adeduntan Returns To CEO Position As First Bank Accepts CBN’s Directive
As firstbank accept the Central Bank of Nigeria (CBN) directive yesterday over the reconstitution of its Board of Directors.
This was just as its shares remained static at the end of yesterday’s transactions on the Nigerian Exchange Limited (NGX).
It was reveal that the stock emerged as the most actively traded stock, with 95 million shares worth N649million.
This was contrary to expectations that the share price of the bank would tumble significantly yesterday, following the dissolution of the Boards of FBN Holdings Plc and its main subsidiary, First Bank Nigeria Limited by the Central Bank of Nigeria (CBN) for appointing a new chief executive officer without regulatory approval.