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FBN HOLDINGS PLC
Insiders are prohibited from trading a company's stock during a closed period.
Trading in the top three equities accounted for 275.099 million shares worth N2.818 billion in 3,497 deals.
We have made slight changes to our estimate, with the overall effect being a slight change to our price target.
“There is a decent appreciation for the importance of investing to secure one’s financial future."
Note that the statement, which was signed by both FBN Holding's group CEO and Sanlam Emerging Markets Ltd's CEO, did not disclose how much the transaction was valued at.
In Nigeria, there are currently three banks with a holding company structure, according to information obtained from the NSE. The banks are – FCMB Group Plc, Stanbic IBTC Holdings Plc, and FBN Holdings Plc.
We place a BUY recommendation on FBN Holdings (FBNH NL) Plc, with a 12-month target price of NGN10.30. This translates to an estimated capital gain of 136.76% from its April 24, 2020 closing price of N4.35.
FBN Holdings Plc has informed it's stakeholders and the general public about ongoing talks towards a planned divestments of its 65% stakeholding in FBN Insurance Ltd.
The fiscal and monetary firepower of the Nigerian authorities to resist the Coronavirus is limited, although the CBN is set to make a sizeable contribution from its own balance sheet.
A total turnover of 2.440 billion shares worth N19.932 billion in 18,918 deals were traded this week by investors on the floor of the Nigerian bourse
FBN Holdings Plc has released its full-year 2019 audited financial report. We have summarised the key details for you.
FBN Holdings Plc has issued a statement in reaction to a media publication, which suggested that there are ongoing merger talks between First Bank of Nigeria Ltd and Polaris Bank Ltd.