30 results
- 24 Jul 2025
SEC Grants “No objection” to N323Bn First Holdco Shares Deal
The Securities and Exchange Commission (SEC) granted a “no objection” to the N323.45 billion First Holdco off-market deal that occurred on July 16. The regulator in a statement clarified its role in…
- 1 Feb 2026
If Capital is the Answer, What Exactly is the Problem with First Holdco
By Blaise Udunze The Olayemi Cardoso-led Central Bank of Nigeria’s 24-month compliance timeline for the recapitalization of Nigeria’s banking system is about to conclude on March 31, 2026, which is…
- 1 Feb 2026
First Trustees to Host 8th Islamic Estate Planning Clinic in Abuja
First Trustees, a subsidiary of First HoldCo Plc., and a leading provider of trust solutions for individuals, corporates, and government institutions, is proud to announce its 8th Islamic Estate…
- 10 Aug 2025
First Securities Secures Remarkable Position in NGX Performance Report
First Securities Brokers Limited, the stockbroking subsidiary of First Holdco Plc, recently announced its impressive performance in the latest Nigerian Exchange (NGX) Broker Performance Report. The…
- 17 Feb 2026
First Trustees Advocates Stronger Frameworks in Advancing Structured Islamic Inheritance Practices
First Trustees Limited, a subsidiary of First HoldCo Plc., and a leading provider of trust solutions to individuals, corporates, and government institutions, partners with The Metropolitan Law Firm…
- 1 Jun 2025
First Asset Management Receives 2024 Fund Manager Award
First Asset Management Limited, a subsidiary of First HoldCo Plc, has received the prestigious Fund Manager of the Year 2024 award. This accolade was conferred during the inaugural Capital Market…
- 20 May 2026
Otedola Plans $100m Investment in Dangote Refinery ahead of Proposed IPO
Femi Otedola, chairman, First HoldCo, has revealed that he will invest $100 million in Dangote refinery. Aliko Dangote and Femi Otedola This is coming ahead of news that the Dangote refinery is…
- 4 May 2025
First Asset Management Surpasses ₦1 Trillion in Assets Under Management
First Asset Management Limited, a leading investment management firm in Nigeria and a subsidiary of First HoldCo Plc., has announced a significant milestone, the company has surpassed ₦1 trillion in…
- 27 Mar 2025
First Asset Management expands into US Equity Market, Introduces FBN Blended Dollar Fund
First Asset Management, one of Nigeria’s investment managers and a subsidiary of First HoldCo Plc. has launched its FBN Blended Dollar Fund to drive up customer earnings through its rich blend of US…
- 21 May 2025
First Asset Management Launches N100 Billion Infrastructure Fund to Provide Sustainable Capital for Infrastructural Development Across Sectors
In a strategic move to address Nigeria’s infrastructure financing gap, First Asset Management, one of Nigeria’s leading investment managers and a subsidiary of First HoldCo Plc., has officially…
- 18 Jun 2025
First Bank Spends N15Bn to Guard Systems against Hackers in 5 Months –CEO
First Bank HoldCo Plc has disclosed that it spent over ₦15 billion to protect its banking systems from cyberattacks between January and June this year, as digital threats to financial institutions…
- 24 Apr 2025
FBNQuest Trustees Hosts Estate Planning Summit in Port Harcourt
FBNQuest Trustees Limited, a subsidiary of First HoldCo Plc, provider of trust solutions to individuals, corporate and government institutions, recently hosted its inaugural Estate Planning Summit in…
- 2 Dec 2025
FBNQuest Merchant Bank Confirms New Ownership Structure, Sets Stage for Future Growth
FBNQuest Merchant Bank has confirmed the successful completion of its ownership transition, following its divestment from First HoldCo Plc and acquisition by EverQuest Acquisition LLP, a new investor…
- 19 Feb 2026
FirstCap MD says Payment Security Remains Biggest Barrier to Bankable Gas and Power Projects
Ukandu E. Ukandu, Managing Director/CEO of FirstCap Limited, a leading investment banking firm and subsidiary of First HoldCo Plc., has reaffirmed that payment security remains the most decisive…
- 21 Nov 2025
FirstCap Champions Real Estate Financing with Lekki Gardens’ ₦25B CP Issuance Establishment
FirstCap Limited, Nigeria’s leading investment banking and capital markets advisory firm and a subsidiary of First HoldCo Plc, has announced its strategic role as Joint Issuing House and Placing…
- 23 Oct 2025
FirstCap Named Capital Markets Architect of the Year at the BAFI 2025 Awards
FirstCap Limited, a subsidiary of First HoldCo Plc., and a prominent investment banking firm, has been honored with the prestigious Capital Markets Architect of the Year award at the 2025 BusinessDay…
- 18 Nov 2025
A dangerous Concentration of Power: Is CBN’s Fixed Income Securities Takeover a Ticking Bomb for Nigeria’s Economy?
By Blaise Udunze The Central Bank of Nigeria’s decision to take full control of government securities issuance has been described by some as a bold move toward transparency and market efficiency.…
- 30 Oct 2025
Nigerian Banks and the Culture of Concealment: How Financial Results Are Being Cooked to Hide Losses
In Nigeria’s banking industry, profit has become more a press release than a performance. Every results season, the same storyline plays out with record profits, rising assets, and promises of…
- 13 Feb 2025
Banking Consolidation Less Likely as Nigerian Banks Meet Capital Requirements – Fitch
Fitch Ratings has said that Nigerian banks are making significant progress in raising core capital to meet new paid-in capital requirements. The rating agency noted that the banks are generally on…
- 15 Jul 2025
Zenith Banks Leads as 8 Banks Suffer N156Bn Impairment Charges
Eight leading Nigerian banks collectively set aside N156 billion as impairment charges on their credit and financial assets, marking a significant financial impact amidst a challenging economic…
- 4 Feb 2026
Why FirstBank Wrote off N748Bn Bad Loan – Otedola
Femi Otedola, group chairman, First Bank Holdings, has justified the company’s decision to write off N748bn in legacy non-performing loans, saying the move was a deliberate strategy aimed at securing…
- 23 Apr 2025
FG Rakes in N1.2 Trillion from Banks’ VAS
Nigeria’s banking sector, in 2024, thrived in a stormy economic climate, capitalising on market volatility to deliver record profits. According to The Sun , nine of the country’s listed banking…
- 16 May 2025
Fidelity Bank reclaims trillion-naira market cap as stock rises to ₦21
Fidelity Bank Plc, has reentered the trillion-naira market capitalisation club, after its share price rose by 5.3%, climbing from ₦19.95 to ₦21.00 on May 13, 2025, according to data from the Nigerian…
- 22 May 2025
When Legacy Meets Preparedness – Olusegun Alebiosu as CEO, Firstbank Group
By Aniekan Ezekiel What happens when legacy meets preparedness? What results from such a combination? Let us not be in a hurry to put forward any answers yet. Instead, let us consider first the…
- 14 Apr 2025
CBN Pumps in Additional $150m into Forex Market to Safeguard Naira
Central Bank of Nigeria (CBN) has reportedly injected $150 million into the foreign exchange market at the beginning of the week to keep the naira safe under pressure. With sustained forex market…
- 11 May 2025
Bank customers to ditch SMS alerts for email amid rising charges
Some bank users in Abuja have declared they will opt for electronic mail alerts from their banks to cut costs and reduce charges on their accounts. Some of them who spoke to the News Agency of…
- 27 Feb 2025
FIRSTHOLDCO: Reinforcing ESG, Sustainability Initiatives As It Rebrands
By A.Ezekiel In a world where approximately 20% of new businesses fail within the first two years, 45% within five years, 65% within ten years, and only 25% make it to 15 years or more (according to…
- 22 Apr 2025
How Nigerian Banks Earned N14.26 Trillion in Interest Income in 2024
Nine leading Nigerian banks collectively generated N14.26 trillion in interest income in 2024, reflecting a 119.55% increase from N6.49 trillion in 2023. This surge is attributed to the Central Bank…
- 27 Oct 2024
First Bank Proposes New Name after Upgrading Banking Platforms
FBN Holding Plc, one of Nigeria’s foremost banks, has announced plans to change its name, Plc at its upcoming 12 Annual General Meeting (AGM) on November 14, 2024. The bank announced this in a notice…
- 7 Sept 2025
Customers Wax Worriedly over Multiple Bank Charges, Urge BCAN, CBN to Intervene
Nigerian bank customers have continued to express frustration over what they describe as unauthorised and excessive debits from their accounts, calling on the Bank Customers Association of Nigeria…