• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News Politics

Here Is Why FBNH (First Bank) Thinks Its Share Price Will Rally “In The Near Future”

Nairametrics by Nairametrics
December 11, 2014
in Politics
Share on FacebookShare on TwitterShare on Linkedin

first bank

FBN holdings (FBNH) share price has plummeted by 40% in the last one year as the tier 1 bank stocks continue to experience huge volatility. As one of the most liquid banks in the stocks investors have entered and exited this stock in a sort of revolving door fashion. The share price this month hit a milestone as it broke the N9 barrier falling below N9 for the first time since it began a free fall in October. It clawed back up to N9 on Wednesday after remaining below for about two days.

Despite this, many still feel the share price is undervalued and the bank has now come out to explain why they think the share price will “rally in the near future”. The Head of Finance Oyewale Ariyibi, was quoted in a Businessday article today as giving the following reasons.

RelatedStories

FBNH

FBN Holdings announces rebranding to First HoldCo Plc, states rationale behind change 

February 13, 2025
FBNH

FBN Holdings pre-tax profit surges by 142% to N862 billion in 2024 

January 31, 2025

1. New Pension Law– “With the passage of the amended Pension Reform Act of 2014, we expect there will be some upside in our stock price,”

2. Limits Rectified – PenCom, the pension industry regulator had over a year ago stopped PFAs from buying bank holdcos, which affected three banks – FBNH, FCMB and Stanbic – IBTC. Informed sources tell BusinessDay that PenCom took the decision because there was no Central Bank of Nigeria (CBN) framework for regulating the holdcos and they were not up to five years old, as stipulated in the Pension Reform Act 2004.This has now been rectified with the release of the official gazette of the Pension Reform Act 2014, which removed the five-year dividend declaration and payment requirement for stocks eligible for PFA funds.

3. Holdco Framework – The CBN has also released the final version of the regulatory framework for bank holdcos. “With the two pre-conditions now satisfied, all eyes are on PenCom to issue a circular lifting the prohibition to make it possible for PFAs to buy bank holdcos. This is very important, considering the attractive upside potential in FBNH and FCMB at the moment,” investment firm Renaissance Capital, said in a November 01 note.

4. Target Date – The final restrictions by Pencom are expected to be removed by February 2015, according to Ariyibi.

This perhaps suggest we might be in for a rally after the elections which coincides with when the final restrictions are bound to be taken off. Some analyst also believe the Nigerian stock market will indeed rally by the second quarter of 2015.

What is Total Nigerian Pension Funds worth?

Nigeria’s  Pension Fund is estimated at N4.574 trillion as at October with 592.5billion (12.95%) currently invested in stocks. PFA investments in shares of publicly listed equities are limited to about 25% of their portfolio, maximum of 5% of pension assets under management in any one corporate and maximum of 4.5% of the issued capital of any one corporate entity.

 

Tags: fbn holdingsNews Review
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

FBNH
Company News

FBN Holdings announces rebranding to First HoldCo Plc, states rationale behind change 

February 13, 2025
FBNH
Bank Recapitalization

FBN Holdings pre-tax profit surges by 142% to N862 billion in 2024 

January 31, 2025
FBNH
Equities

FBN Holdings shares gain 7.86% despite loan dispute with GHL 

January 11, 2025
First Bank
Company News

FBN Holdings takes steps to safeguard company interests amid EGM demand reports 

January 10, 2025
Nigerian Stock Market sees red from start to finish, suffers N156 billion loss at last trading day of the week
Equities

Market Wrap: All-Share Index slips 0.21% as HMCALL and SUNUASSUR lead gainers 

November 25, 2024
FBNH
Company News

FBN Holdings approves N14.36 billion dividend, N350 billion capital raise, and other resolutions at annual general meeting 

November 16, 2024
Next Post
Why Ogun State Wants To Set Up A Minsitry for Petroleum Resources

Why Ogun State Wants To Set Up A Minsitry for Petroleum Resources

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Cornerstone Insurance declares 27 kobo final dividend, reveals payment date and criteria 
  • Oil Subsidy Fraud: EFCC declares Fargo Petroleum MD wanted over alleged N976 million scam 
  • BUA Cement gains over 7% as Nigerian stock market conquers new territory 

Follow us on social media:

Recent News

Cornerstone Insurance declares 27 kobo final dividend, reveals payment date and criteria 

June 13, 2025
EFCC, NOUN, Sunflower Hotel

Oil Subsidy Fraud: EFCC declares Fargo Petroleum MD wanted over alleged N976 million scam 

June 13, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics