How to Buy First HoldCo (Formerly FBN Holdings) Shares in Nigeria
First HoldCo Plc (formerly FBN Holdings, ticker FIRSTHOLDCO, previously FBNH) is the NGX-listed holding company of First Bank of Nigeria Limited.
First HoldCo vs First Bank: What Is Listed on the NGX?
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To buy First Bank shares in Nigeria online, open an account with a SEC-registered stockbroker or an investment app connected to one, get a CSCS account and CHN, fund it in naira, and place an order for First HoldCo Plc (formerly FBN Holdings) under the ticker FIRSTHOLDCO in your own name. FirstBank does not sell FIRSTHOLDCO shares over the counter; the shares are bought through any SEC-registered stockbroker, and the company's registrar keeps the shareholder register. The entity listed on the NGX is First HoldCo Plc (formerly FBN Holdings), not First Bank directly. First HoldCo now trades under the ticker FIRSTHOLDCO; FBNH was its previous ticker. First HoldCo is the holding company that owns First Bank of Nigeria Limited, which kept its name as the banking subsidiary. When people refer to "First Bank shares", they typically mean shares in the NGX-listed holding company, not shares in the banking subsidiary.
What You Need Before You Buy FIRSTHOLDCO Shares
To buy FIRSTHOLDCO shares on the NGX you need: a CSCS account registered in your own name (with your own CHN number); an account with a licensed Nigerian stockbroker or SEC-regulated investment platform; a Nigerian bank account for settlement and dividends; and valid government-issued ID plus BVN for account opening.
How to Buy First HoldCo (FIRSTHOLDCO) Shares: Step by Step
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Step 1: Open and verify your account with a licensed Nigerian stockbroker or investment platform. Step 2: Fund your account. Step 3: Search for First HoldCo Plc under the ticker FIRSTHOLDCO on the NGX. Step 4: Place your buy order at the current market price or set a limit order at your preferred price. Step 5: Your order is executed on the NGX and settlement occurs on T+1. Step 6: Your FIRSTHOLDCO shares are credited to your CSCS account. Log in to the CSCS portal to confirm registration in your name.
Costs and Fees to Expect
Standard NGX transaction costs apply: SEC fee (0.3%), CSCS fee, and NGX levy — these are the same for all NGX shares regardless of platform. Your broker or platform's own commission is additional. Request a full fee schedule from your chosen platform before trading.
First HoldCo (FIRSTHOLDCO) Dividends: How They Work for Registered Shareholders
First HoldCo declares dividends to registered shareholders following board approval. To receive dividends, your details — including your bank account — must be registered with the company's registrar before the record date. Dividends are paid through the e-dividend system to your registered bank account. 10% withholding tax is deducted at source before payment. Dividend amounts vary from year to year — check the NGX disclosure portal and First HoldCo investor relations communications for current information.
Key Things to Research Before Buying FIRSTHOLDCO Shares
People researching FIRSTHOLDCO typically examine: (1) The holding company structure and how earnings from different subsidiaries are consolidated. (2) First Bank's NPL ratio and capital adequacy — both published in periodic financial results. (3) The group's dividend history and payout consistency. (4) Any CBN regulatory developments affecting capital requirements for Nigerian banks. (5) The FIRSTHOLDCO share price relative to book value (P/B ratio), which is a commonly used bank valuation metric. This framework is for educational research only and does not direct any trade.
Frequently Asked Questions
What is the NGX ticker for First Bank?
The holding company is First HoldCo Plc, and its NGX ticker is FIRSTHOLDCO. It was previously named FBN Holdings Plc and traded as FBNH.
Is buying FIRSTHOLDCO shares the same as owning a part of First Bank?
Indirectly yes — First HoldCo owns First Bank of Nigeria Limited as its principal subsidiary. When you buy FIRSTHOLDCO shares, you own a stake in the holding company, which in turn owns the banking subsidiary along with other financial services businesses.
Does First HoldCo pay dividends every year?
Dividend payments are subject to board approval and depend on the company's financial performance. First HoldCo may not pay a dividend in a given year, and any amount may differ from previous years. Check the NGX disclosure portal for the latest dividend announcements.
How can I buy First Bank shares online in Nigeria?
Open an account with a SEC-registered stockbroker or an investment app connected to one, complete your CSCS account and CHN setup, fund it in naira, and place an order for First HoldCo Plc (formerly FBN Holdings) using the ticker FIRSTHOLDCO. After settlement, verify that the shares appear in your CSCS portfolio in your own name.
Does First Bank sell shares directly?
No. FirstBank does not sell FIRSTHOLDCO shares over the counter; purchases are executed through any SEC-registered stockbroker that provides NGX access. The company's registrar maintains the shareholder register but does not execute share purchases.
Important disclaimer. This article is for general information and educational purposes only. It does not constitute financial or investment advice and does not tell readers to buy, sell, or hold FIRSTHOLDCO, First Bank shares, or any other security. The value of investments can fall as well as rise. Past performance is not a guide to future results. Dividend payments may not occur. Seek independent regulated financial advice before making any investment decision. Shares Saver does not provide financial advice.
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