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Tag: First Holdco

Business

First HoldCo targets ₦1.2trn profit in 2026

First HoldCo Plc, Nigeria’s most valuable banking group by market capitalisation, says it expects profit before tax to exceed N1.2 trillion ($876 million) for the full year 2026, as its recapitalisation drive and a clean-up of legacy bad loans begin to pay off. The Chief Executive Officer of FirstBank, Olusegun Alebiosu, disclosed the projection in […]

Business

First HoldCo stock crosses ₦5trn market cap mark

Shares of First HoldCo Plc pushed above the N5 trillion market capitalization mark during midday trading on Wednesday, July 22, 2026, as investors continued to react positively to the group’s strong H1 2026 financial performance. The financial services group’s stock traded around the N112 to N113 range during intraday transactions on the Nigerian Exchange, extending […]

Business

Otedola’s stake in First HoldCo rises to 20.40%

Billionaire investor Femi Otedola’s combined interest in First HoldCo Plc increased to 20.40 per cent as of June 30, 2026, up from 18.12 per cent at the end of March 2026 and 15.95 per cent as of June 30, 2025. This is according to the company’s latest shareholding disclosure as contained in its recently released […]

Business

First HoldCo assures shareholders of dividend payments resumption by year-end

First HoldCo Group Managing Director and Chief Executive Officer, Wale Oyedeji, has told shareholders that dividend payments are expected to resume at the end of the current financial year. Nairametrics reported that he gave the assurance at the company’s 14th Annual General Meeting, held virtually on Friday. Oyedeji said the group’s strong first-quarter performance and […]

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

First HoldCo elevates Omodayo-Owotuga to executive director role

FirstBank of Nigeria Limited, a subsidiary of First HoldCo Plc, has appointed Dr Julius B. Omodayo-Owotuga as Executive Director, effective May 13, 2026, in a move aimed at strengthening its leadership across finance, governance, risk management and transformation. The appointment, announced via a filing on the Nigerian Exchange, noted that Omodayo brings 24 years of […]

Banking

FirstHoldCo seeks ₦253bn raise to hit ₦1trn capital base

FirstHoldCo Plc, the parent entity of Nigeria’s oldest commercial lender (First Bank), is moving to double the regulatory capital ceiling for international banks, signaling a new phase of aggressive expansion and balance sheet fortification. In a notice for its 14th Annual General Meeting scheduled for May 29, 2026, the group proposed a special resolution to […]

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 […]

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