Tag: FBN Holdings
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FBN Holdings clarifies on divestment of FBNQuest Merchant Bank
FBN Holdings Plc,on Tuesday explained the rationale behind the divestment of its Merchant Banking business to EverQuest Acquisition LLP. The Holding company also listed its other entities and businesses not included in the sale.
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NGX market capitalisation down by N673bn
The Nigerian equity market on Wednesday experienced a downturn, losing N673 billion in market capitalisation due to sell-offs in major stocks like MTN Nigeria and Transcorp Hotel.
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FBN Holdings share plunges after appointing new MD
The share value of FBN Holdings Plc on the stock market fell by 84.32 per cent on Monday, following the announcement of Mr Olusegun Alebiosu as the Managing Director of its subsidiary, First Bank of Nigeria.
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FBN Holdings appoints Femi Otedola as Chairman
FBN Holdings Plc on Wednesday appointed Mr. Olufemi Otedola as its new Chairman, Board of Directors. The Holdings announced this in a notification signed by the Company’s Secretary, Mr Adewale Arogundade
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![BREAKING: Femi Otedola now majority shareholder of FBN Holdings, owners of First Bank [How it happened]](https://thenewsguru.ng/wp-content/uploads/2019/06/OTEDOLA.jpg)
BREAKING: Femi Otedola now majority shareholder of FBN Holdings, owners of First Bank [How it happened]
Report reaching TheNewsGuru(TNG) indicates that billionaire Femi Otedola, has acquired the majority shares in FBN Holdings, owners of First Bank of Nigeria Limited. Otedola reportedly took over the bank with the acquisition of about ₦30 billion worth of shares, making him the single largest shareholder of the bank. Otedola, being the largest shareholder, holds the…