FBNH owners of First Bank is currently on a 5 months low as sell pressure continues to weigh down on its share price. The bank has hit below N12 this year before but that was a period when most banks hit their year lows.
The current price presents an upside should the company report improved earnings later in a few weeks. However, many still view the bank’s size as a drag and are finding it hard to sweat their assets.
FBNH just announced launch of their Ghana subsidiary.