FBN Archives — City Business News

February 1, 2024 No Responses

FBN Holdings Appoints Otedola As Chairman

First Bank of Nigeria Holdings Plc has appointed the 20th richest man in Africa, Femi Otedola, as its new Chairman. FBN Holdings, in a notice to the Nigerian Exchange Limited and the investing public, said the decision was made at...

November 13, 2022 No Responses

FBNBank UK Stands Tall At 40, Appreciates Customers, Regulators

FBNBank UK, a member of First Bank of Nigeria Limited and Subsidiaries had London, the United Kingdom painted blue as it celebrated its 40th anniversary, themed Partnership Beyond Borders, on Friday, 11 November 2022. The event which had cust...

July 30, 2022 No Responses

FBN Holdings Declares N359.2b Gross Earnings, N56.5b Profit In Six Months

FBN Holdings Plc has announced its unaudited results for the half year ended June 30, 2022 with a gross earnings of N359.2 billion. In a statement on Friday, the company explained that the gross earnings indicated an increase of 22.4...

October 29, 2021 No Responses

FBN Holdings Appoints Okonkwo GMD

By Moses Ebosele, ebosele@hotmail.com — The Board of FBN Holdings (FBNH) Plc has approved the appointment of the immediate past Managing Director of Fidelity Bank Plc, Mr Nnamdi Okonkwo, as its new Group Managing Director, with effect from Janu...

October 24, 2021 No Responses

FBN Holdings Confirms Otedola’s Acquisition Of 5.07% Stake

Barely 24 hours after denying notification of possible acquisition of shares by Mr Femi Otedola, FBN Holdings (FBNH) Plc on Saturday confirmed that the business mogul had acquired 5.07 percent equity stake in the company. FBNH’s Company Secretary, Mr Seye....

October 8, 2021 No Responses

FBN Drives Trading On NGX, Exchanges 605.01m Shares

FBN Holdings Plc (FBNH) emerged the most traded stock by volume on the Nigerian Exchange Ltd on Thursday. Specifically, the company accounted for 605.01 million shares worth N8.90 billion. Fidelity Bank followed with 20.59 million shares valued at ...

September 24, 2021 No Responses

FBN Holdings Boss, Ex NSIA CEO, Others Win 2020 Zik Prize

The Group Managing Director, FBN Holdings Plc, U.K. Eke and the pioneer Managing Director /Chief Executive Officer, Nigeria Sovereign Investment Authority (NSIA), Mr. Uche Orji on Thursday emerged winners of 2020 Zik Prize in the Professional Leadership catego...

July 31, 2021 No Responses

FBN Holdings posts N38.1b Profit In Half-Year

For the half year ended June 30, 2021, FBN Holdings Plc has declared Profit after tax (PAT) of N38.1 billion against N35.6 billion posted in the corresponding period of 2020, indicating an increase of 6.9 per cent. In a statement...

April 28, 2021 No Responses

FBN Holdings Shareholders Okay N16.15b For 2020 Dividend

Shareholders of FBN Holdings Plc, on Tuesday, endorsed a total dividend of N16.15 billion declared for the financial year ended December 31, 2020. The shareholders approved the dividend at the company’s ninth Annual General Mee...

September 9, 2020 No Responses

FBNQuest Funds Invests N20b In 70 firms

FBNQuest Funds, the merchant banking and asset management arm of FBN Holdings Plc has invested over N20 billion in private equity since 2003. The company’s Vice President, Alternative Investments, Mr Christian Ekpo, disclosed this on Wednesday at a virtual F...

August 22, 2020 No Responses

FBN Insurance Unveils Payment Channels

FBN Insurance Limited has launched new digital platforms that enable its customers to pay their premiums timely with ease amidst the social distancing order. Chief Executive Officer, Val Ojumah, in a statement, explained that the company’s payment channels...

June 22, 2020 No Responses

Again, FBNHoldings Wins World Finance Best Corporate Governance Award

Nigeria’s leading financial services group and holding company, FBN Holdings Plc, has won the 2020 Best Corporate Governance in Nigeria Award. A statement explained that World Finance is renowned for its comprehensive coverage and analysis of the globa...

April 7, 2020 No Responses

FBN Holdings Declares N627b Gross Earnings, N73.67b Profit In 2019

By Moses Ebosele, ebosele@hotmail.com — For the year ended December 31, 2019, FBN Holdings Plc on Monday declared Gross earnings of ₦627.0 billion, up by 6.7 per cent when compared to ₦587.4 billion attained in 2018. Profit after t...