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…
FBN Holdings, the oldest bank in Nigeria, experienced a significant surge of 6.35 percent in its shares on Tuesday, as investors showed renewed interest in the stock. This increase contributed to a remarkable 16 percent gain for the month of…
By Philemon Adedeji Opening the week yesterday, the Nigerian equities market maintained growth trajectory primarily driven by gains in industrial heavyweight BUAFOODS (+9.09 per cent) alongside FBN Holdings (+0.30 per cent) and United Bank for Africa (UBA) (+0.36 per cent)…
Tolu Oluwole, an employee of FBN Holdings Plc has acquired 1,600,000 units of shares in the company worth N28.8 million. This information is contained in a notice of Directors Dealings signed by Company Secretary Adewale Arogundade and sent to the…
FBN Holdings Plc reaped an unexpected harvest of almost N232 billion from fair value gain on financial instruments in the second quarter – which multiplied group-after-tax profit close to three and a third times to a record N187 billion in…
By Philemon Adedeji FBN Holding plc in its unaudited financial results for half year (H1) ended June 30th 2023, delivered a significant increase in key financial ratios that generated outstanding profits, and positioned the oldest bank among Tier-1 financial institutions…
By Philemon Adedeji Yesterday, trading activities on the Nigerian Exchange Limited (NGX) closed bearish halting a four-day winning streak amid selloffs in telco heavyweight, MTNN (-3.44 per cent) alongside First Bank Holding of Nigeria (FBNH) (-4.87 per cent) and WAPCO…
Financial services, FBN Holdings Plc, has said it will raise fresh capital subject to the approval of shareholders at the group’s annual general meeting scheduled for next month. This was contained in the group’s notice of its 11th annual general…
The top Five banks at the Nigerian Exchange Limited (NGX) experienced a 10.48 per cent appreciation in market capitalisation resulting in a gain of N315.49 billion for investors. FBN Holdings and United Bank for Africa (UBA) were the top gainers…
