Tag Archives: FBN Holdings Plc

FBN Holdings Plc has reacted to publications stating that the federal high court sitting in Lagos, Nigeria, granted an ex-parte Order against it and some other respondents. This is contained in a disclosure on the statement to the NGX on recent publication on ‘the FBN Holdings Plc on court order …

…Zenith bank leads industry with N696.67 Billion A total of five Domestic Systemically Important Banks (D-SIBs) in Nigeria profits hits N2.2trillion between 2017 and 2020. The five D-SIBs are Zenith Bank Plc, Guaranty Trust Bank Plc (GTBank), Access Bank Plc, United Bank for Africa Plc (UBA), Ecobank Transnational Incorporated (ETI) …

FBN Holdings Plc has announced the injection of N25billion equity capital into its commercial banking subsidiary, First Bank of Nigeria Limited. The capital injected represented part of the net proceeds of the company’s divestment from FBN Insurance Limited. In a statement from the bank, the company noted that with this …

FBN Holdings Plc has announced the completion of its divestment from FBN Insurance Ltd. According to a public disclosure that was sent to the Nigerian Stock Exchange, FBN Holdings’ previously-held 65% stake in FBN Insurance was completely sold to Sanlam Emerging Markets (Proprietary) Ltd. The effective divestment date was June …

The management of FBN Holdings Plc has refuted reports linking the bank with purported moves to acquire Heritage and Polaris Banks, describing the reports as mere speculation in view of its size and what it called “historic support in backstopping the industry,” a certain online newspaper has reported. According to …

Amid predictions that the ongoing COVID-19 pandemic may trigger food shortages in Nigeria, Shareholders of FBN Holdings Plc have urged the bank to review its sectoral allocation to agriculture. Specifically, the Former Secretary-General, Independence Shareholders Association, Adeleke Adebayo, said the bank’s provision for agriculture, which stood at 3.2 per cent …

In its report to the Nigerian Stock Exchange (NSE), FBN Holdings Plc has announced its audited results for the financial year ended 31 December 2019 with profit before tax of N83.6 billion, up 30.9 per cent from N63.9billion reported in 2018. The group in its results on Monday said profit …