FirstHoldCo Seeks Shareholders Approval on N1 Trillion Capital Base in Bold Balance Sheet Fortification

FirstHoldCo Seeks Shareholders Approval on N1 Trillion Capital Base in Bold Balance Sheet Fortification

FirstHoldCo Plc seeks shareholder approval to raise its capital base to N1 trillion, signaling aggressive expansion and balance sheet fortification. Read More: https://punchng.com/firstholdco-seeks-shareholders-approval-on-n1-trillion-capital-base-in-bold-balance-sheet-fortification/

FirstHoldCo targets N1 trillion capital base under Otedola

Femi Otedola's FirstHoldCo is not stopping at N500 billion. The company that controls Nigeria's oldest commercial bank has told shareholders it wants to raise another N253 billion in fresh capital, with the target a N1 trillion paid-up base that would put it in a category of its own among Nigerian lenders and, Otedola argues, where it needs to be.The proposal landed in a notice for the company's 14th Annual General Meeting, scheduled for May 29,…

FirstHoldCo Seeks Shareholders’ Approval for N1 Trillion Capital Raise

FirstHoldCo Plc wants shareholders to approve a fresh capital raise as it pushes toward a N1 trillion paid-up capital base. The holding company, which owns First Bank of Nigeria, will present the proposal at its 14th Annual General Meeting scheduled for May 29, 2026. The move forms part of a wider plan to strengthen its … The post FirstHoldCo Seeks Shareholders’ Approval for N1 Trillion Capital Raise appeared first on Business Elites Africa.