Tag: First Holdco

Business

First HoldCo names new board appointments across non-banking subsidiaries

First HoldCo Plc has announced fresh board appointments across its non-commercial banking subsidiaries, following approvals from the Securities and Exchange Commission and the National Insurance Commission. The company said the changes are aimed at strengthening management oversight and aligning the Group’s governance framework with global best practices. The appointments form part of a wider strategy […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Business

FBN HoldCo completes sale of FBNQuest merchant bank stake

First HoldCo Plc has officially notified the Nigerian Exchange Limited that it has completed the sale of its 100 per cent equity stake in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP. This action marks the end of a multi-year restructuring process within the Group’s investment banking and asset management businesses. In a regulatory filing […]

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Banking

Oba Otudeko exits First Holdco in N323.33bn stake deal

A significant shift has taken place at Nigeria’s oldest banking group, First Holdco Plc, with the exit of key shareholder Oba Otudeko in a deal valued at N323.33 billion. The transaction involved the exchange of 10.43 billion ordinary shares through 17 off-market, negotiated deals on the Nigerian Exchange, at an average price of N31 per […]