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    OTEDOLA REGAINS POSITION AS FIRST BANK’s MAJORITY SHAREHOLDER, INCREASES STAKE TO 9.41%

    OTEDOLA REGAINS POSITION AS FIRST BANK’s MAJORITY SHAREHOLDER, INCREASES STAKE TO 9.41% Nigerian billionaire Femi Otedola, Chairman of FBN Holdings, has reclaimed his status as the majority shareholder of First Bank. Otedola now holds a 9.41% stake in the bank following a significant...
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    NIGERIAN BIG BANKS MARKET VALUE RISES TO N4.6 TRILLION OR $3.15 BILLION

    NIGERIAN BIG BANKS MARKET VALUE RISES TO N4.6 TRILLION OR $3.15 BILLION The market value of Nigeria's top banks listed on the Nigerian Exchange (NGX) surged to approximately N4.6 trillion ($3.15 billion) last week, reversing a previous dip. This increase was driven by investor re-entry and...
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    FBNHOLDINGS: NOTIFICATION OF APPOINTMENTS IN FIRST BANK OF NIGERIA LIMITED

    FBNHOLDINGS: NOTIFICATION OF APPOINTMENTS IN FIRST BANK OF NIGERIA LIMITED Lagos, Nigeria, June 19, 2024 FBN Holdings Plc has announced several key appointments in its flagship subsidiary, First Bank of Nigeria Limited, subject to the approval of the Central Bank of Nigeria: 1. Appointment...
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    FBN HOLDINGS REVENUE SURGES BY 181%

    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...
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    Obafoluke Otudeko sells Honeywell for N22 billion in order to repay a long-term loan to First Bank

    Honeywell Flour Mills of Nigeria Plc, a Nigerian agro-allied group led by Greek investor John Coumantaros, has announced the acquisition of a 71.69 percent stake in Honeywell Flour Mills as well as a 5.06 percent stake in the firm for N4.2 ($0.01011) per share, after months of negotiations and...
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