First Bank of Nigeria (FBN) Holdings Plc has received approval from its shareholders to change its name to First Holdco Plc.
Shareholders of FBN Holdings Plc approved the name change at the company’s 12th Annual General Meeting (AGM), which was held virtually on November 14, 2024. The approved changes will also extend to all of FBN Holdings’ subsidiaries.
The company’s Secretary, Adewale Arogundade, has confirmed the new brand name will be FirstHoldco. This rebranding effort aims to create a uniform identity across the organization and better reflect its evolving structure.
In addition to the name change, shareholders also approved a plan to raise N350 billion through the issuance of new shares. The company plans to raise this capital through various methods, including a public offering, private placement, and rights issues.
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