The First Bank of Nigeria (FBN) Holdings has appointed billionaire businessman Femi Otedola as the new chairman of its board of directors. He succeeds the outgoing Chairman of the board, Alhaji Ahmad Abdullahi. The financial institution disclosed this in a corporate filing on the Nigerian Exchange Limited (NGX), notifying investors of the new development. This appointment, effective 31 January 2024, …

Ecobank has urged FBNHoldings to reject the acquisition of 4.7 billion shares by a former Chairman of the FBNHoldings, Dr. Oba Otudeko. The bank raised the alarm in a letter by its Legal Counsel, Kunle Ogunba & Associates, in which it stated that the business magnate, through his affiliated entities, owed the bank N13.5 billion. The letter, dated 7th July …

First Pension Custodian Limited has entered into an agreement to purchase Access Bank Plc’s entire share capital in Access Pension Fund Custodian Limited, its parent company FBNHoldings Plc has announced. Pension Fund Custodians (PFCs) are responsible for keeping in safe custody pension assets on trust on behalf of contributors. In a statement on Wednesday, FBNH Plc said the finalisation of …