30 results
- 2 Jun 2020
FBN Holdings Divests From FBN Insurance, Sells Shares to Sanlam Emerging Markets
The Boards of FBN Holdings Plc (“FBNH”) and Sanlam Emerging Markets (Proprietary) Limited (Sanlam) wish to announce that they have completed the sale of FBN Holdings Plc’s 65% shares in FBN Insurance…
- 18 Oct 2024
FBN Holdings Taps Wale Oyedeji as New GMD
FBN Holdings Plc has officially announced the appointment of Adebowale (Wale) Oyedeji as the new Group Managing Director (GMD), effective November 13, 2024. This appointment, which is subject to the…
- 18 Jun 2014
FBN Holdings Grows Earnings by 20% in 5years
FBN Holdings Plc has said it recorded 20 percent growth in gross earnings for the five year period with the figure growing to N396biilion in 2013 from N194 billion in 2009. The bank’s profit…
- 24 Jul 2020
FBN Holdings Urges Investors to Patronise Stocks with Strong Fundamentals
FBN Holdings Plc has called on retail investors to invest in companies with strong fundamentals, sustainable growth and profitability to ensure enhanced returns on investment. Mr. Tolulope Oluwole,…
- 19 May 2013
Fitch Assigns FBN Holdings Plc 'B' IDR
The London based rating agency, Fitch Ratings has assigned FBN Holdings Plc (FBNH) a Long-term Issuer Default Rating (IDR) of 'B' and Short-term IDR of 'B'. The Outlook on the Long-term IDR is…
- 27 Oct 2015
FBN Holdings Unveils FBNQUEST for Merchant Banking & Asset Group Brand Identity
In line with a commitment to improve service delivery to clients and position the group at the forefront of the emerging merchant banking and asset management sector in Nigeria, the Investment…
- 27 Apr 2016
FBN Holdings Sees No Need to Raise Equity after Loan Losses
FBN Holdings has no need to tap equity markets after an unexpected 119 billion naira ($600 million) loan loss provision last year, but will limit lending growth to boost capital, Urum Kalu Eke, its…
- 17 Dec 2021
Remi Babalola Quits FBN Holdings as Chairman, CBN Appoints Alhaji Ahmad Abdullahi as Replacement
Mr Remi Babalola, chairman of FBN Holdings Plc, has exited his position barely nine months after he was appointed. The Central Bank of Nigeria (CBN) has also approved the appointment of Alhaji Ahmad…
- 31 Jul 2024
Otedola, FBN Holdings Chair Slams Banks for Spending spend $50m on Private Jet Maintenance Annually
Femi Otedola, billionaire businessman, has supported the 70 per cent windfall tax proposed by the Federal Government on foreign exchange gains of banks. In a statement he issued on Wednesday,…
- 6 Oct 2014
FBN Holdings tasks SMEs’ on Financial Integrity
Dr. Chris Ogbechie, director, LBS/First Bank Sustainability Center, has stressed the need for Small and Medium Enterprises (SMEs) in Nigeria to operate with high level of financial integrity and…
- 23 Oct 2021
First Bank Denies Reports of Otedola Takeover
FBN Holdings Plc Friday denied claims by online media that Femi Otedola, business mogul, has acquired majority stake in the bank. Femi Otedola In a statement signed by Seye Kosoko, company secretary,…
- 23 Jan 2016
Letshego Acquires 100% Stake in FBN Microfinance Bank
‎Letshego Holdings Limited, a Gabarone-based financial inclusion focused group with consumer, micro lending and deposit-taking subsidiaries across Southern and East Africa, has acquired a 100%…
- 3 Mar 2017
Derivatives Can Enhance Funding Solutions in Capital Markets - FBN Capital
FBN Capital Limited, a subsidiary of FBN Holdings and one of the leading players in the Nigerian Capital Markets, has stated that derivatives offer the potential for enhanced liquidity and increased…
- 9 Sept 2024
EverQuest Acquires FBNQuest
FBN Holdings Plc has announced the sale of its 100 per cent equity stake in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP. A statement filed with the Nigeria Exchange Limited by the…
- 14 Jun 2016
FBN Capital Wins ‘Best Refinancing in Africa’ At EMEA Awards
FBN Capital Limited, the investment banking and asset management subsidiary of FBN Holdings Plc. has been recognized for consistent and outstanding performance by three reputable financial awards…
- 12 Sept 2019
FBNQuest Trustees Marks 40th Anniversary of Preserving Legacies in Nigeria
FBNQuest Trustees Limited, an FBN Holdings company, is honoured to celebrate its 40th anniversary as a leading provider of world-class trust and estate planning services in Nigeria. FBNQuest Trustees…
- 22 Oct 2021
Femi Otedola Reportedly Acquires Majority Shares of First Bank Holdings
Femi Otedola, business mogul and founder/chairman, Geregu Energy Group, has reportedly acquired the majority shares of FBN Holdings (FBNH). The acquisition is coming some six months after the…
- 17 Oct 2022
FBNQuest Urges Mutual Fund to Diversify Country-Specific Risks
FBNQuest, the investment banking, and asset management subsidiary of FBN Holdings Plc is recommending the FBN Specialized Dollar Fund to investors as a prudent move to diversify their portfolios from…
- 31 Mar 2017
FBN Capital Named ‘Best Asset Manager’
FBN Capital Limited, a subsidiary of FBN Holdings Plc has started off 2017 on a winning note with awards and recognition from reputable financial awards institutions. The firm was recognised as the…
- 25 Aug 2021
FBN Insurance Brokers Develops Digital Solutions
FBN Insurance Brokers Limited, a subsidiary FBN Holdings Plc, has developed a digital roadmap that will provide digital solutions for the Nigerian insurance market. The company said part of the plan…
- 5 May 2014
Etisalat, FBN Insurance Launch Sure4Life
Etisalat, Nigeria most innovative telecoms company and FBN Insurance Limited, a member of FBN Holdings Plc have announced the launch of ‘Sure4Life”, an airtime-based insurance product designed…
- 24 May 2015
CBN Grants Kakawa Discount House Merchant Banking licence
Central Bank of Nigeria (CBN) has approved a merchant banking licence for First Bank Nigeria Holdings Plc, through its subsidiary, the Kakawa Discount House Ltd. Mr. Bello Maccido, FBN Holdings group…
- 24 Oct 2021
FBN Makes U-turn, Confirms Otedola’s Acquisition of 5.07 Per Cent Stake
FBN Holdings (FBNH) Plc at the weekend confirmed that Mr Femi Otedola, business mogul has acquired 5.07 per cent equity stake in the company. This is coming hours after the big lender denied…
- 25 Aug 2021
FBN Insurance Brokers Develops Digital Solutions for Nigeria’s Insurance Market
FBN Insurance Brokers Limited, a subsidiary of FBN Holdings Plc, said it has developed a digital roadmap that will provide digital solutions for the Nigerian insurance market. Part of the roadmap,…
- 5 Nov 2016
FBN Merchant Bank Enlightens Students on Saving Culture
As part of its commitment to promoting a culture of saving among youths, FBN Merchant Bank Limited, a subsidiary of FBN Holdings Plc. recently educated the students of 6 schools. This was delivered…
- 7 Sept 2015
Adeduntan to Take Over from Onasanya as First Bank Boss
First Bank of Nigeria Limited on Monday announced that its Chief Financial Officer and Executive Director, Dr. Adesola Adeduntan, would replace Mr. Bisi Onasanya as the Group Managing Director and…
- 29 Apr 2021
CBN Fires all First Bank Directors, Reinstates Sacked MD
Central Bank of Nigeria (CBN), has sacked all First Bank of Nigeria (FBN) directors and appointed new ones with immediate effect. The CBN also accused the directors of corporate governance breach,…
- 7 Apr 2017
FBN Merchant Bank Enlightens Teachers, Students on Savings, Investment
In line with the commitment to promote financial literacy and encourage a strong savings culture among children, FBN Merchant Bank Limited, a subsidiary of the FBN Holdings Plc, educated the students…
- 31 Jan 2024
Femi Otedola Becomes chairman of First Bank Holdings
Billionaire businessman Mr Femi Otedola, has emerged as the chairperson of the board of FBN Holdings Plc, whose flagship company is First Bank. He was appointed to the role during a meeting of the…
- 28 Oct 2021
First Bank Holdings Taps Okonkwo, Former Fidelity Bank CEO to Replace Eke as GMD
The board of FBN Holdings Plc, has approved the appointment of Mr. Nnamdi Okonkwo, as its new group managing director, with effect from January 1, 2022. Mr. Nnamdi Okonkwo The appointment was…