First Bank of Nigeria Plans to Rebrand with a New Name.

On Friday, First Bank of Nigeria (FBN) Holdings Plc announced that its shareholders have approved a significant transformation, including the change of the company’s name to First Holdco Plc. This decision was reached during the company’s 12th annual general meeting, which was conducted virtually on Thursday.

In a statement released by the company secretary, Adewale Arogundade, it was confirmed that this name change will also be applied to all subsidiaries associated with FBN Holdings. The resolutions adopted during the meeting authorize the directors to undertake all necessary actions to implement this change, ensuring compliance

with the directives from regulatory authorities.

Furthermore, the resolutions entail not only the rebranding but also the increase of the company’s share capital and the allotment of new ordinary shares. Following the completion of these processes, the Memorandum and Articles of Association will be amended accordingly to reflect the new legal name and updated share capital of the organization.

This strategic rebranding marks a pivotal evolution for FBN Holdings Plc and underscores the company’s commitment to innovation and growth in the financial sector.