Shareholders approve of FBN’s name change.

Published 10:20 AM ET, Monday November 18, 2024

First Bank of Nigeria (FBN) Holdings Plc has received approval to change the company’s name to First Holdco Plc.

The company’s shareholders approved the name change at the 12th Annual General Meeting (AGM), held virtually on Thursday, November 14, 2024.

In a statement released over the weekend, Adewale Arogundade, the company’s secretary, confirmed that the resolution applies to all FBN Holdings’ subsidiaries.

The approved changes include shifting the company’s legal name from FBN Holdings Plc to First Holdco Plc and its brand name to FirstHoldco.

The statement from First Bank reads:

“That there should be a change of the legal and brand names of the company from FBN Holdings Plc and FBN Holdings to First Holdco Plc and FirstHoldco, respectively. 

“That the change of legal and brand names should be extended to the subsidiaries of FBN Holdings Plc

“That the directors be and are hereby authorised to perform all such other acts and do all such other things as may be necessary to give effect to the above resolutions, including, without limitation, complying with the directives.