National Economy
Friday, August 29, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home News

FBN Holdings N149.58bn Rights Issue Closes Monday

by Nathaniel Irobi
8 months ago
in News
Reading Time: 1 min read
FBN
Share on FacebookShare on TwitterShare on Telegram

Trading in FBN Holdings (FBN) Plc’s N149.575 billion rights issue will close on Monday, December 30.

The Holding Company had earlièr notified the investing public that it had obtained the approval of the Securities and Exchange Commission (SEC) to extend the period of the rights issue by 18 days.

Consequently, trading in the Company’s Rights closes on Monday, December 30 2024.

FBNH has been under going a rights issue for 5.983 billion ordinary shares priced at N25.00 each, on the basis of one new ordinary share for every existing six ordinary shares held as at the close of business on October 18, 2024, opened on November 4, 2024 and was supposed to close on December 12, 2024 before the extension.

You May Like

Police Arrest Suspected Cult Kingpin, 3 Vandals In Akwa Ibom Raids

Mixed Reactions Trail Federal Govt’s Passport Fee Hike

The Company has reiterated that the proceeds of its N150 billion rights issue will be used to increase the tier 1 capital of its banking subsidiary, First Bank, as it grows its digital banking operations, and international activities.

As of September 30, 2024, the Corporation’s financial highlights include total assets of N27.49 trillion, N12.72 trillion in loans and advances, N21.22 trillion in customer deposits, N2.60 trillion in shareholders’ funds.
FBNH achieved N2.25 trillion in gross earnings with a return on equity (ROE) of 20.27 percent.
FBN Holdings Plc is a financial holding company and one of the largest financial services organisations in Africa.
It is a diversified and leading financial services Group offering a broad range of products and services through its subsidiaries, across commercial banking, merchant banking, capital markets, trusteeship and insurance brokerage to millions of customers.

Tags: FBN
ShareTweetShare
Previous Post

Nigeria Poised For Economic Recovery In 2025 – NE Board Of Economists

Next Post

How To Embrace More Than Just Festive Period In Business

ANOTHER GOOD READ

Manager, 2 Others Nabbed For Alleged Theft, Vandalism At Abia Firm
News

Police Arrest Suspected Cult Kingpin, 3 Vandals In Akwa Ibom Raids

6 hours ago
Mixed Reactions Trail Federal Govt’s Passport Fee Hike
News

Mixed Reactions Trail Federal Govt’s Passport Fee Hike

6 hours ago
Oyo Gov’t Denies False Pensioner Verification Notice
News

Oyo Gov’t Tackles APC Over N300bn ‘Fresh’ Loan Claim

6 hours ago
Global Airlines Group Pushes To Raise Pilot Retirement Age To 67
Aviation

Global Airlines Group Pushes To Raise Pilot Retirement Age To 67

1 day ago
Dangote Hails Tinubu Over NNPCL Leadership Choice
News

Dangote Signs $2.5bn Deal To Build Fertiliser Plant In Ethiopia

1 day ago
FG To Boost Agro-Value Chain For Women Farmers
News

FG To Boost Agro-Value Chain For Women Farmers

2 days ago
Next Post
How To Embrace More Than Just Festive Period In Business

How To Embrace More Than Just Festive Period In Business

Most Recent

Manager, 2 Others Nabbed For Alleged Theft, Vandalism At Abia Firm

Police Arrest Suspected Cult Kingpin, 3 Vandals In Akwa Ibom Raids

August 29, 2025
‘How I Became Bank Manager At 27’ — Tony Elumelu

‘How I Became Bank Manager At 27’ — Tony Elumelu

August 29, 2025
Mixed Reactions Trail Federal Govt’s Passport Fee Hike

Mixed Reactions Trail Federal Govt’s Passport Fee Hike

August 29, 2025
Oyo Gov’t Denies False Pensioner Verification Notice

Oyo Gov’t Tackles APC Over N300bn ‘Fresh’ Loan Claim

August 29, 2025
US Says Nigeria’s N70,000 Minimum Wage Below Poverty Income Level

Passport Now Costs More Than Minimum Wage’, Obi Slams Federal Gov’t Over Fees Hike

August 29, 2025
Global Airlines Group Pushes To Raise Pilot Retirement Age To 67

Global Airlines Group Pushes To Raise Pilot Retirement Age To 67

August 28, 2025
Dangote Hails Tinubu Over NNPCL Leadership Choice

Dangote Signs $2.5bn Deal To Build Fertiliser Plant In Ethiopia

August 28, 2025
Nigeria’s Economy Shows Recalibration In H2 2025 Outlook

Govs Back Federal Govt’s $100bn Creative Economy Plan

August 28, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy