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Jennete Ugo Anya
- February 13, 2025
FBN Holdings Plc Rebrands As First HoldCo Plc
In a significant move aimed at redefining its identity and reinforcing its leadership position in the financial services sector, FBN Holdings Plc has announced a rebrand to First HoldCo Plc, adopting the new name across all its subsidiaries. The rebranding, which was approved by shareholders at the company’s 12th Annual General Meeting in November 2024, […]
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- January 31, 2025
FBN Holdings Reports 142% Profit Before Tax Surge In 2024
FBN Holdings Plc has reported a remarkable 142 percent increase in profit before tax (PBT) for the year ending December 31, 2024, reaching N862 billion. Gross earnings also surged by 113 percent to N3.33 trillion, highlighting the group’s strong financial performance. Net interest income grew by 155 percent year-on-year to N1.39 trillion, driven by an […]
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- January 17, 2025
Concerning The Dispute Between FBN Holdings And GHL
From: Enam Obiosio Date: January 17, 2025 To: All Parties Concerned Subject: Ensuring a Peaceful Resolution to Safeguard Stakeholder Interests and Market Stability The ongoing dispute between FBN Holdings Plc and General Hydrocarbons Limited (GHL) over the alleged $225 million loan has raised significant concerns within the financial and investment communities. This conflict, if left […]
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- January 13, 2025
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 […]
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- October 28, 2024
FBN 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 […]
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- October 22, 2024
FBN 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 […]
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- September 10, 2024
FBN 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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