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FBN Holdings stock, First HoldCo

FBN Holdings stock: First HoldCo valued at NGN 6.243 trillion

Published on 10/30/2026 at 02:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
FBN Holdings stock is now First HoldCo, the listed parent of FirstBank of Nigeria. Its first-half pretax profit rose 83.5 percent.

First HoldCo's latest investor signals

  • The listed parent of FirstBank was valued at about NGN 6.243 trillion on October 19.
  • First-half pretax profit increased 83.5 percent to NGN 653.5 billion.
  • Shareholders approved a capital raise of up to NGN 253.099 billion, but no launch date was announced.
FBN Holdings stock, First HoldCo, Nigerian banking, first-half results, capital raise, Illustration mit AI erstellt.
FBN Holdings stock, First HoldCo, Nigerian banking, first-half results, capital raise, Illustration mit AI erstellt.

First HoldCo Plc, formerly known as FBN Holdings, was valued at about NGN 6.243 trillion after its shares closed at NGN 137.3 on October 19, according to The Rio Times. The report was published on October 23 and places the company among Nigeria's prominent listed financial groups.

Profit growth remains central

First-half 2026 pretax profit rose to NGN 653.5 billion, an increase of 83.5 percent from the prior-year period. Gross earnings reached NGN 1.93 trillion, while operating income increased 25.8 percent, according to the company results cited in the report.

The group owns FirstBank of Nigeria and also has investment banking, asset management and insurance brokerage operations. The company changed its name from FBN Holdings to First HoldCo in 2025, a distinction investors should keep in mind when comparing older reports with newer disclosures.

Capital plans and ownership

Shareholders approved a capital raise of up to NGN 253.099 billion at the annual meeting on May 29. The proceeds are intended to support a paid-up capital base of NGN 1 trillion, but the company had not announced a launch date or issue price by the date of the report.

The Rio Times also reported that Chairman Femi Otedola had accumulated a sizeable holding through Calvados Global Services. The report said the company had not disclosed whether he would continue buying shares or pursue a majority position.

What investors should watch

The board was scheduled to consider third-quarter accounts on October 29. Those results could help investors assess whether the strong first-half profit trend continued, although the October 19 valuation and the reported full-year share performance are historical reference points rather than a current quote.

First HoldCo at a glance

  • Company: First HoldCo Plc, formerly FBN Holdings
  • Parent subsidiary: FirstBank of Nigeria
  • Valuation reference: About NGN 6.243 trillion on October 19, 2026
  • First-half pretax profit: NGN 653.5 billion, up 83.5 percent year over year
  • Approved capital raise: Up to NGN 253.099 billion

For broader context, investors can follow current market reports covering developments across global exchanges.

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