30 results
- 19 Feb 2026
Sterling HoldCo Starts Allotment of Oversubscribed Public Offer Shares
Sterling Financial Holdings Company Plc (Sterling HoldCo) has begun allotting 12,581,000,000 ordinary shares of 50 kobo each at ₦7.00 per share from its 2025 Public Offer. Sterling HoldCo The process…
- 14 Jun 2026
CBN to Bar HoldCos from Influencing Banks’ Lending Decisions
Central Bank of Nigeria (CBN) has proposed a sweeping overhaul of the regulatory framework for Financial Holding Companies (HoldCos), including measures to strengthen the operational independence of…
- 5 Oct 2025
Investors Rush for Sterling Holdco Shares as Public Offer Gains Momentum
Sterling Financial Holdings Company Plc. (Sterling Holdco), the parent firm of Sterling Bank, The Alternative Bank, SterlingFI, and other innovative ventures, is witnessing a surge of investor…
- 20 Jan 2023
Chams HoldCo Attains Payment Service Holding Company Status
Chams HoldCo, has announced that it has been awarded a Payments Service Holding Company License by the Central Bank of Nigeria (CBN). Whilst speaking on this achievement, the Company’s Group Managing…
- 31 Jul 2025
Sterling HoldCo Delivers Stellar H1 2025 Results; Capital Raise Strategy Gains Momentum
Sterling Financial Holdings Company Plc (“Sterling HoldCo”) has reported a remarkable 157% year-on-year growth in profit-after-tax, hitting ₦41.78 billion for the half-year ended June 30, 2025. This…
- 1 Oct 2025
Sterling Holdco’s Public Offer Ignites Investor Frenzy Amid Strategic Expansion Plans
Sterling Financial Holdings Company Plc. (‘Sterling Holdco’)—the powerhouse behind The Alternative Bank, Sterling Bank, SterlingFI, and other innovative ventures—is making headlines with its dynamic…
- 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…
- 28 Oct 2020
Access Bank Gets CBN’s Nod to Restructure into Holdco
Access Bank, the biggest retail bank in Africa, has announced that it has received Central Bank of Nigeria (CBN’s) Approval-in-Principle to restructure to a Holdco. The bank has also received…
- 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…
- 26 Jun 2024
Sterling HoldCo Grows Assets To N2.5 Trillion
Major shareholders of one of Nigeria’s leading financial conglomerates, Sterling Financial Holdings Company PLC., expressed their delight with the leadership and financial performance of the group at…
- 2 Apr 2024
Chams HoldCo Recovers from Losses, Reports N20m Profit
Chams Holdings Plc, has returned to the green zone as it recorded a N20.22m profit at the end of the year. This was a recovery from the N375m loss it incurred in the previous year. Chams Holding…
- 16 Jan 2024
Consolidated Hallmark Insurance Becomes Holdco
Following approval by the National Insurance Commission, NAICOM, Consolidated Hallmark Insurance Plc, CHI, has taken the structure of a holding company and is now known as Consolidated Hallmark…
- 27 Dec 2024
Sterling HoldCo Achieves Milestone with ₦75 Billion Capital Raise Approval
Sterling Financial Holdings Company PLC has achieved another milestone with the approval of the Central Bank of Nigeria (CBN) recognising an additional ₦75 billion in its capital raise. This approval…
- 16 Apr 2021
AMCON Plans New Airline Holdco
Asset Management Corporation of Nigeria (AMCON) is awaiting regulatory approval to launch a new holding company for aviation assets under its control, which would enable the state asset manager to…
- 22 Sept 2022
Shareholders Unanimously Approve Holding Company Structure for Sterling
Shareholders of Sterling Bank Plc unanimously voted in favor of the creation of a new non-operating holding company (HoldCo) to hold the shares in its commercial banking operation as well as the…
- 15 Jan 2024
ChamsSwitch Receives License for Union Pay International Payment
ChamsSwitch, a Fintech subsidiary of Chams Holdco Plc, has been licensed by Union Pay International, the world’s largest card network, to spearhead international payments for UnionPay cards issued by…
- 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…
- 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…
- 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 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…
- 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…
- 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…
- 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…
- 18 Feb 2026
Chams Carves Out Subsidiary to Support Africa’s Digital Transformation
Chams Holding Company Plc, (Chams Holdco), digital payments and verification firm, has created a new subsidiary which is expected to strengthen the push for Africa’s digital transformation. The…
- 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…
- 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…
- 2 Sept 2025
MTN, CardCentre Join Hands to Launch Biodegradable SIM Cards
MTN Nigeria has partnered with CardCentre Nigeria Limited, a subsidiary of Chams HoldCo, to introduce eco-friendly SIM cards made entirely from biodegradable materials. The launch, which took place…
- 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…
- 30 Oct 2016
IHS Announces Settlement of $800m Bond
IHS Netherlands Holdco B.V., which owns 100% of IHS Nigeria Limited (“IHS Nigeria”) the Nigerian subsidiary of IHS Holding Limited (“IHS”), the largest mobile telecommunications infrastructure…