Nigerian Giant Lender FBN Holdings Transitions to First HoldCo

AFRICAN STOCKS AND FINANCEFebruary 17, 2025 at 10:12 AM UTC

TLDR

FBN Holdings Plc has officially rebranded as First HoldCo Plc, a change that will be implemented across all its subsidiaries
The transition follows a proposal approved at the company’s 12th Annual General Meeting (AGM) on November 14
The transition aligns with global financial sector trends, where holding companies streamline operations under a single corporate identity

FBN Holdings Plc has officially rebranded as First HoldCo Plc, a change that will be implemented across all its subsidiaries. The transition follows a proposal approved at the company’s 12th Annual General Meeting (AGM) on November 14, 2024.

In a disclosure filed with the Nigerian Exchange (NGX) on February 13, 2025, First HoldCo confirmed the name change, emphasizing its goal to unify subsidiaries and reinforce its financial services leadership.

First Bank Nigeria Limited will retain its name, while subsidiaries in asset management, capital markets, securities, trusteeship, and insurance brokerage will adopt unified branding. Regulatory approvals are pending before full implementation.

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Key Takeaways

First HoldCo’s rebranding strengthens its identity as a major African financial group. The move aims to enhance operational efficiency and brand consistency across subsidiaries, improving service delivery for businesses and individuals. The transition aligns with global financial sector trends, where holding companies streamline operations under a single corporate identity. It also reinforces First HoldCo’s positioning in Africa’s banking and financial services market, ensuring greater synergy across its offerings.

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