FBN Holdings Shares Rise Despite Loan Dispute With GHL
FBN Holdings recorded an 8.05 percent week-to-date (WTD) gain in its share price, closing at ₦30.20 on January 10, 2025, despite being embroiled in a contentious loan dispute with General Hydrocarbons Limited (GHL). The rise reflects resilience amid ongoing legal and operational uncertainties. The dispute centres on a loan transaction initiated during Mr. Oba Otudeko’s […]
Read MoreFBN Holdings Launches N150bn Rights Issue To Strengthen First Bank’s Growth Strategy
FBN Holdings Plc. (FBNH) has officially launched a N150 billion Rights Issue, offering 5,982,548,799 ordinary shares of 50 kobo each at N25.00 per share. This offer, available to existing shareholders on the basis of one new share for every share held as of October 18, 2024, aims to recapitalise FBNH’s flagship subsidiary, First Bank of […]
Read MoreFBN Holdings Appoints Adebowale Oyedeji As GMD, Seeks Name Change To First Holdco
FBN Holdings Plc has announced the appointment of Mr. Adebowale Oyedeji as its Group Managing Director (GMD), effective November 13, 2024. The announcement was made in a corporate disclosure notice filed with the Nigerian Exchange Group recently by the company’s Secretary, Mr. Adewale Arogundade. This appointment comes as part of a strategic transition for the […]
Read MoreFBN Holdings Trades FBNQuest Merchant B.To EverQuest
FBN Holdings Plc has announced the sale of its entire 100 percent equity stake in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP. This move aligns with FBN Holdings’ strategy to streamline its portfolio within the group. The transaction, disclosed in a notice to the Nigerian Exchange Limited (NGX) on Friday, September 7, 2024, is […]
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