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First HoldCo - Page 2

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

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

Femi Otedola Loses N27.8bn As Investments In First HoldCo, Geregu Fall

Femi Otedola, the chairman of Geregu Power and First HoldCo, has lost a total of N27.8 billion year-to-date, according to an analysis of his stock market investments by Prime Business Africa. The billionaire started the year with a net worth of N2.36

May 9, 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

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First HoldCo - Page 2

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

Femi Otedola Loses N27.8bn As Investments In First HoldCo, Geregu Fall

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

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First HoldCo - Page 2

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