FIRST BANK NIGERIA MIGRATES INVESTORS TO A NEW FBN HOLDINGS

 

First bank Nigeria has migrated it's shareholders to a new firm called FBN Holdings plc. FBN Holding was listed on Nigerian Stock Exchange on Monday.

FBN Holdings comprises FirstBank of Nigeria Limited, FBN Capital Limited, FBN Life Assurance Limited, FBN Insurance Brokers Limited and FBN Microfinance Bank.

This is sequel to delisting of FirstBank Nigeria from the exchange last week in compliance with the Central Bank of Nigeria regulation requiring separation of commercial banking bussines from other financial services businesses

CHAIRMAN, FBN HOLDINGS,DR,OBA ODUTEKO

Managing Director/CEO, FBN Holdings, Mr Bello Maccido, said the holding company structure promises enhanced service delivery, performance and profitability for the group’s customers, shareholders and investors, adding that it is a new world of opportunies in the consolidated financial services.