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…
- 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…
- 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…
- 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 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…
- 8 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…
- 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%…
- 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…
- 28 Jun 2019
FBNQuest Asset Management Renames Heritage Fund to FBN Balanced Fund
FBNQuest Asset Management, a subsidiary of FBNQuest Merchant Bank and part of the FBN Holdings Plc group, has proposed a change in the name of the ‘FBN Heritage Fund’ to the ‘FBN Balanced Fund’. The…
- 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…
- 13 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…
- 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…
- 29 Dec 2024
NGX Fines 20 Firms N255.53m for Financial Statements Filing Default
NGX Regulation Limited, a subsidiary of the Nigerian Exchange Group (NGX Group) has fined N255.53 million on 20 listed companies for failing to file their financial statements after the regulatory…
- 5 Nov 2019
FBNQuest Merchant Bank Hosts Wealth Management Customer Forum
FBNQuest Merchant Bank, the investment banking and asset management group of FBN Holdings Plc, will tomorrow be hosting a Wealth Management Customer Forum, to provide extensive insights to its varied…
- 8 Aug 2018
FBNQuest Highlights Investment Opportunities for Nigerians in Diaspora
FBNQuest Asset Management, a part of the FBN Holdings Plc group, has called on Nigerians in Diaspora to take advantage of the numerous investment opportunities available in Nigeria. This call…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 25 Jun 2024
NGX Fines 9 Firms N76.8m for Late Filing of Annual Reports
Nigerian Exchange Limited (NGX) has imposed a N76.8 million fine on nine quoted companies for failure to file their audited financial statements after the regulatory due date, according to…
- 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…
- 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…
- 16 Nov 2020
FBNQuest Acts as Financial Adviser, Consortium Lead on Privatisation of Afam Power Plc
FBNQuest Merchant Bank, the investment banking and asset management subsidiary of FBN Holdings Plc, was appointed by the Bureau of Public Enterprises, on behalf of the National Council on…
- 7 May 2019
First Bank Plans Aggressive Debt Recovery to Boost Dividend Payout
Management of First Bank, has assured that it would continue to work tirelessly to ensure that it is brought down to a single digit by the end of 2019 financial year. Speaking at the 7th…
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 14 Apr 2015
FirstBank Expands African Footprint to Sierra Leone
First Bank of Nigeria Limited, a subsidiary of FBN Holdings Plc and Nigeria’s most valuable bank brand has unveiled FBNBank Sierra Leone, formerly registered as International Commercial Bank (ICB).…
- 16 Oct 2025
How Nigerian Banks Built a N219 Trillion Asset Empire on Depositors’ Funds
By Blaise Udunze In the first quarter of 2025, Nigeria’s 10 largest banks proudly reported a combined total asset base of N218.99 trillion, up from N212.75 trillion at the end of 2024, according to a…
- 15 Jun 2016
Providus Bank Gets Commercial Banking Licence from CBN
Providus Bank Plc has been granted a commercial banking licence with regional authorisation by the Central Bank of Nigeria (CBN), according to information on the apex bank’s website on Tuesday.…
- 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…
- 3 Feb 2015
FirstBank Expands African Footprint with FBNBank DR Congo
First Bank of Nigeria Limited, a subsidiary of FBN Holdings PLC and Nigeria’s most valuable bank brand hasunveiled FBNBank DR Congo, formerly registered as Banque Internationale de Credit (BIC). In…
- 10 Nov 2013
First Bank to Take Over ICB West Africa
FBN Holdings has said that one of its subsidiaries, First Bank of Nigeria Limited is proposing 100 per cent equity interest in the West African banking assets of International Commercial Bank (ICB)…
- 13 Aug 2016
Letshego MFB Unveils Brand, Key Target Sectors in Nigeria
In line with its mandate: to ensure simple, appropriate and affordable financial solutions across Africa, Letshego Holdings Limited, on Friday unveiled its rebranded business after acquiring 100%…
- 12 Jul 2022
Nigerian Banks Spend N6.9Bn on Welfare Package for MDs/CEOs
Nigerian banks, to keep their directors, and chief executives happy, spent over N6.96 billion on sitting allowance and compensation in 2021, according to ripplesnigeria. This is a 3.32 per cent…