Thursday, 28th March 2024
To guardian.ng
Search

FBN Holdings

22 Feb
As the harsh operating environment persists, five tier-one banks’ impairment charges hit N580 billion in the first three quarters of last year. The amount is a significant increase from the N122 billion they posted in the previous year.
15 Jan
Femi Otedola, the ever-dynamic Nigerian investor, has electrified the Forbes Nigeria ranks, powering up to the coveted fourth position with a $1.2 billion valuation. This meteoric rise owes much to his strategic play in the energy sector, specifically his controlling stake in Geregu Power Plc. Otedola's Geregu gambit proved masterful. Holding over 70% of the…
14 Dec
Investors repositioning for year-end Yuletide rally persisted at the close of transactions yesterday, as investors’ wealth appreciated by N415 billion in three trading days.
12 Oct
The Federal High Court, Lagos, will today begin the journey to determine the status of the 11th Annual General Meeting (AGM) of FBN Holdings Plc.
26 Sep 2023
Top five tier-one Nigerian banks by market capitalisation posted combined gross earnings of N4.2 trillion in their 2023 half-year (H1) operations, a figure that 6.7 per cent less than 2022 full-year earnings.
14 Aug 2023
Shareholders, under the auspices of Trusted Shareholders Association of Nigeria (TSAN), have advised Oba Otudeko not to bite the fingers that fed him, alleging that the former chairman of the institution instigated a court order that stopped FBN Holdings from holding its Annual General Meeting (AGM), scheduled for August 15, 2023.
27 Jul 2023
Negative sentiment resurfaced in the equities sector of the market yesterday, as profit-taking in many blue-chip stocks, especially MTN Nigeria (MTNN) and Unilever, dragged the all-share index (ASI) by 0.5 per cent.
13 Jul 2023
In a strategic move targeted at maximising returns and expanding its investment portfolio, Honeywell Group, a renowned Nigerian investment company, has stated it is bullish about the value generation potential of its recent investment in FBN Holdings, one of Nigeria’s largest financial services groups.
11 Jul 2023
The battle for the control of the country’s premier and leading financial institution, FBN Holdings Plc persists as strong indications emerged yesterday that another majority shareholder is mopping up the shares of the leading bank.
9 Jul 2023
There are strong indications that the Chairman, Honeywell Group, Oba Otudeko, has consolidated his shareholding in FBN Holdings Plc as the largest shareholder with the acquisition of 4,770,269,843 units of shares through Barbican Capital Limited, an affiliate of Honeywell Group Limited, representing 13.3 per cent of its 35,895,292,791 outstanding shares of the FBN Holdings.
6 Jun 2023
After days of an uptrend, bearish sentiments resurfaced in the equities sector of the Nigerian Exchange Limited (NGX) yesterday, as losses in Geregu and 26 stocks dragged market capitalisation by N7 billion.

Latest

23 mins ago
Chinese consumer tech giant Xiaomi will launch its first-ever EV at a press conference in Beijing Thursday, injecting itself into a fiercely competitive sector in the world's largest car market.
31 mins ago
The bodies of two construction workers were found in the cold waters of Baltimore harbor Wednesday, trapped in their red pick-up truck after a giant cargo ship slammed into the bridge they had been filling potholes on, causing a thunderous collapse.
1 hour ago
Nobel Prize winner Daniel Kahneman, who pioneered theories in behavioural economics that heavily influenced the discipline, has died at age 90, his employer confirmed Wednesday.
1 hour ago
The National Bureau of Statistics (NBS) says the All-commodity group import index on average increased by 0.79 per cent in Q4 2023.
1 hour ago
The Federal Competition and Consumer Protection Commission (FCCPC) said it discovered a deceptive claim about the weight of a bag of rice at the Garki Modern Market in Abuja. Ag. Executive Vice Chairman/Chief Executive Officer of FCCPC, Dr. Adamu Abdullahi, disclosed this in a statement on Friday after the Commission conducted a targeted enforcement operation…
1 hour ago
Nigerian singer, Yemi Alade, has debunked a claim credited to her that she was not getting awards because she refused to give in to sexual demands from organisers. “So yall gonna start creating false stories every time you get bored; SMH, stupidity at its peak, very unintelligent write-up," Yemi Alade said in an Instagram reel…
1 hour ago
The Bidens' dogs grabbed headlines with their bad behavior, but "First Feline" Willow is getting a book all to herself.
2 hours ago
American Musician, Taylor Swift, has joined the club of world billionaires, according to Hurun’s world richest people's list. The report revealed that “At 34, Taylor Swift joins the billionaire club with US$1.2 billion, not from typical celebrity side hustles, but uniquely through her music. "Over half her fortune stems from royalties and touring, including US$190…
2 hours ago
The Nigeria Security and Civil Defence Corps (NSCDC) has deployed 35,000 personnel to provide security nationwide as Christians celebrate the resurrection of Jesus Christ.
2 hours ago
Six members of the Enugu State House of Assembly elected on the platform of the Labour Party have formerly announced their defection to the ruling Peoples Democratic Party (PDP). Those who defected include the Chief Whip of the house and member representing Igboeze North I, Ejike Eze; the leader of the house and member representing…