fbn holdings plc

Legal Showdown: Court Restrains First Bank, Otedola Faces Contempt Over Oil Deal Dispute Breaking Down the Details: 1. The Core Dispute: • General Hydrocarbons Limited (GHL) has accused First Bank of Nigeria (FBN) of breaching an agreement to fund the exploration and development of Oil...

FBN Holdings Plc: Key Resolutions Passed at the 12th Annual General Meeting Date: November 15, 2024 Location: Lagos, Nigeria (Virtual Meeting) Resolutions Passed: 1. Approval of Financial Statements • Shareholders received and approved the Audited Accounts for the financial year...

New Shareholders Join Legal Push to Halt FBN Holdings’ 12th AGM Amid Controversies Summary of Developments: Three additional shareholders of FBN Holdings Plc—Olojede Solomon, Adebayo Abayomi, and Ogundiran Adediran—have approached the Federal High Court in Lagos, seeking to halt the company’s...

FBN Holdings’ Nine-Month Profit Soars to N534 Billion Amid Rising Interest Rates Detailed Breakdown: FBN Holdings has announced a significant increase in its nine-month net profit, reporting a 125.8% rise to NGN 534 billion, driven largely by increased interest rates that allowed the bank to...

INVESTORS DEMAND RESOLUTION OF BARBICAN CAPITAL VS. FBN HOLDINGS LEGAL TUSSLE Key Points: 1. Legal Dispute: - Background: Barbican Capital Limited, linked to billionaire businessman Oba Otudeko, has initiated legal action against FBN Holdings. - Allegation: Barbican Capital claims that...

FBN HOLDINGS REVENUE SURGES BY 181% - FBN Holdings' gross earnings increased by 181.4% to N730.3 billion in the first quarter of 2024, compared to N259.5 billion in the same period last year. - The growth in revenue was driven by a 153.3% rise in interest income, reaching N455 billion in Q1...

FBN HOLDINGS RELEASES 2023 AUDITED ACCOUNTS, PROFITS SURGE BY 128% FBN Holdings Plc, the parent company of FirstBank, reported a profit after tax of N310.4 billion for the year ended December 2023, up from N136.3 billion in 2022, marking its highest profit ever. This increase follows a delay in...

Femi Otedola appointed as the new chairman of FBN Holdings PLC FBN Holdings PLC, the parent company of First Bank of Nigeria has appointed Femi Otedola as the new chairman of the Board of Directors, succeeding Alhaji Ahmad Abdullah. This was announced through an official press release from FBN...

Company Name: FBN HOLDINGS PLC (FBNH) Ticker: FBNH Market Classification: Premium Board Sector: FINANCIAL SERVICES Sub Sector: Other Financial Institutions Nature of Business: Provision of Banking and Other Financial Services to corporate and Individual customers Company Address: 11th Floor...