Recapitalization: Why First HoldCo profit crashed by 92 per cent — Chairman, Otedola
Billionaire investor and Chairman of First HoldCo, Femi Otedola, has explained the sharp 92 per cent drop in the company’s profit for the 2025 financial year, linking it to deliberate clean-up actions ahead of the Central Bank of Nigeria’s 2026 recapitalisation deadline. According to Otedola, the decline was not due to weak business performance but […]
First HoldCo: First Bank Announces New Name, Shareholders Approve New Identity
First Bank, one of Nigeria’s oldest and most respected financial institutions, has unveiled a new identity. FBN Holdings Plc, the company’s holding arm, is now officially called First HoldCo Plc (FirstHoldCo). This rebranding effort aims to create a more unified identity for the company and its various subsidiaries, both in Africa and Europe. Over the […]