FBN Hold ings Plc, on Tuesday explained the rationale behind the divestment of its Merchant Banking business to EverQuest Acquisition LLP. The Holding company also listed its other entities and businesses not included in the sale. Acting Company Secretary of…
FBN Holdings Plc plans to sell its 100 percent equity stake in its subsidiary, FBNQuest Merchant Bank Limited, to EverQuest Acquisition LLP. In a recent report, the company announced the sale aligns with its goal to optimise its portfolio. “In…
By Opeyemi Abdulsalam Femi Otedola, a prominent billionaire businessman, has made a significant move by acquiring additional shares in FBN Holdings. This development was made public through a corporate filing on the Nigerian Exchange Group (NGX) on Monday. The acquisition…
The Nigerian Exchange Limited (NGX) has fined nine quoted companies N76.8 million for failure to file their audited financial statements after the regulatory due date. An investigation showed that the companies were sanctioned for their inability to meet the regulatory…
The earnings of FBN Holdings, the parent company of Nigeria’s oldest bank, First Bank rose to the highest in at least 13 years in the first quarter of 2024, according to its latest financial statement. The group’s after-tax profit rose…
The share price of FBN Holdings Plc, parent company of the First Bank of Nigeria Ltd, which opened on the floor of the Nigerian Exchange Ltd.(NGX) on Friday at N18.50, gained N1.85 to close at N20.35, following investors’ renewed interest.…
The share price of FBN Holdings Plc, parent company of the First Bank of Nigeria Ltd, which opened on the floor of the Nigerian Exchange Ltd.(NGX) on Friday at N18.50, gained N1.85 to close at N20.35, following investors’ renewed interest.…
FBN Holdings Plc, Nigeria’s leading financial institution, has undergone significant changes to its board of directors with the appointment of five new executives coinciding with the assumption of office by its billionaire chairman, Femi Otedola. The announcement of Otedola’s appointment…
Billionaire investor, Femi Otedola has been appointed as the Chairman of FBN Holdings Plc, a leading financial institution in Nigeria. This appointment, effective January 31, 2024, follows a recent meeting of the board where Mr. Otedola succeeds Alhaji Ahmad Abdullahi.…
FBN Holdings, one of Nigeria’s oldest banks on Wednesday has achieved a market capitalisation of N1.06 trillion ($2.6 billion) after a week of growth, with the share price rising by around 10 per cent. The surge began in 2022 after billionaire…
