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First bank

Otedola, First HoldCo Shareholders’ Investments On Decline Since Otudeko’s Exit

Since Oba Otudeko, the former chairman of First HoldCo and second-largest investor, exited the company unceremoniously, the financial institution’s share value has depreciated by N2.9 kobo, erasing N121.44 billion from shareholders’ investment value. Reports had circulated on July 17 that Otudeko had

August 25, 2025

Business·Top Stories

Oba Otudeko’s Investment In First Bank Parent Company Drops By N6.82bn

The value of investment held by Oba Otudeko in First HoldCo, the parent company of First Bank, has dropped by N6.82 billion within the first half (H1) of 2025, according to Prime Business Africa’s analysis. Otudeko, who was First HoldCo’s chairman before

July 4, 2025

First Bank Changes Names Of Its Subsidiaries In UK, Some Sub-Saharan African Countries

Business·Top Stories

First HoldCo’s Shareholders Lose N67bn After Report Of Oba Otudeko’s Impending Exit

First HoldCo’s shareholders lost over N67 billion on Friday, June 13, amid reports that two majority investors in the company, Oba Otudeko and the Leadway Assurance/Olukayode Odukale bloc, plan to sell off their stakes in the company. According to a report on

June 13, 2025

Business·Top Stories

N625bn Interest Income Fails To Save First HoldCo From 17% Decline In Profit

First HoldCo has released its financial statements for the first quarter (Q1) of 2025, disclosing that the company grew its interest income by 40.15 percent year-on-year from N446.14 billion to N625.28 billion. The company’s interest income grew faster than interest expense, which

May 12, 2025

Business·Top Stories

First HoldCo’s Profit Up By 118% As FX Loss Drops To N64.94bn

The gross earnings of First HoldCo increased to N3.21 trillion in 2024, which is 105.70 per cent higher than the N1.56 trillion the company reported the previous year. According to First HoldCo’s separate and consolidated financial statements for the year ended December

April 22, 2025

Business·Top Stories

Femi Otedola’s Investment In First HoldCo Now N104bn – After Buying 2.2bn Shares

The value of investment Femi Otedola, Nigerian billionaire, has in First Bank of Nigeria (FBN) parent company, First HoldCo, is N104.15 billion as of April 17. According to an analysis of his shares in the financial institution by Prime Business Africa, Otedola

April 21, 2025

News

First Bank Loan Controversy: Ex-GMD, Onasanya, Shows Up In Court To Clear Name

Former Group Managing Director of First Bank, Dr. Bisi Onasanya, made an appearance before Justice Chukwujekwu Aneke, at the Federal High Court in Lagos on Thursday in a bold attempt to clear his name and show his innocence over a lingering loan

February 14, 2025

Business·News

First Bank MD, Adeduntan, Bows Out After Nine Years

Managing director of First Bank Group, Adesola Adeduntan, has resigned his appointment from the company after nine years heading the tier one bank in Nigeria.

April 21, 2024

Business

Meet The Dominant Shareholders Controlling 23% of First Bank

In recent times, the matter of ownership concerning First Bank of Nigeria has dominated discussions in the financial sector, particularly fuelled by a controversial massive share acquisition made by a former chairman. Established 129 years ago, the bank has grown to become

July 27, 2023

Finance & Economy

Bank Sort Codes In Nigeria – How To Find Them

In Nigeria, bank sort codes play a crucial role in facilitating seamless and accurate financial transactions. They serve as unique identification numbers assigned to each bank branch, ensuring that transfers and transactions are correctly routed. In this article, we will provide a

July 16, 2023

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First bank

Otedola, First HoldCo Shareholders’ Investments On Decline Since Otudeko’s Exit

Oba Otudeko’s Investment In First Bank Parent Company Drops By N6.82bn

First HoldCo’s Shareholders Lose N67bn After Report Of Oba Otudeko’s Impending Exit

N625bn Interest Income Fails To Save First HoldCo From 17% Decline In Profit

First HoldCo’s Profit Up By 118% As FX Loss Drops To N64.94bn

Femi Otedola’s Investment In First HoldCo Now N104bn – After Buying 2.2bn Shares

First Bank Loan Controversy: Ex-GMD, Onasanya, Shows Up In Court To Clear Name

First Bank MD, Adeduntan, Bows Out After Nine Years

Meet The Dominant Shareholders Controlling 23% of First Bank

Bank Sort Codes In Nigeria – How To Find Them

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