Tag
FBNH
Following the announcement of the removal of subsidies and the unification of the exchange rate, businesses, sectors, industries, and the Nigerian populace have been actively grappling with the consequences and challenges that have emerged.
Nigerian leading commercial banks recorded significant FX revaluation gains estimated at a combined gain of about N1.7 trillion in the first half of 2023, a significant increase compared to a combined gain of N66.559 billion in H1 2022.
Nigeria's banking sector has shown remarkable resilience and performance in the first half of 2023, despite the challenging economic and regulatory environment.
FBNH Plc will seek shareholders’ approval to raise N150 billion additional capital at the group’s AGM scheduled for August 15, 2023.
Some minority shareholders of FBN Holdings Plc, protested against a court order suspending the 11th Annual General Meeting (AGM) of the financial institution, and management proposed plans to raise fresh capital and appoint new directors.
First Bank Holding Plc one of the nation’s premier commercial banks, has announced the appointment of Billionaire investor, Femi Otedola.
At the close of trading on Thursday, July 6th, 2023, FBN Holdings Plc (FBNH) witnessed a remarkable milestone as its share price closed at N19 per share, reaching the highest level in over ten years.
The market trade value increased significantly by 84.7% yesterday, as shares worth N95.01 billion were traded, as opposed to N10.31 billion in the previous session.
At the close of trading on Thursday, July 6th, 2023, FBN Holdings Plc witnessed a remarkable milestone as its share price closed at N19 per share, reaching the highest level in over ten years.
After 5 trading days of the week, all the 5 tier-1 Nigerian banks suffered negative market sentiments, with FBNH Plc leading the decliners.
The gains seen in the market saw the NGX pushing the market upward as investors’ confidence returns to the fold.
The Nigerian exchange has posted losses in four consecutive trading sessions, as profit-taking continues in the space.