FBNH · Financial Services — NGX-listed company profile

FBN Holdings Plc

An evergreen share profile for investors researching how to buy FBN Holdings (FBNH) shares on the NGX. Covers First Bank of Nigeria, the holding structure, financial sector risks, dividend context, and how to research before investing.

Important disclaimer

This page is for general information only. It is not financial advice and it is not a recommendation to buy, sell, or hold any shares. The value of investments can go up as well as down.

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Company overview

FBN Holdings Plc — now rebranded as First HoldCo Plc — is listed on the Nigerian Exchange under the symbol FBNH. It is the holding company of First Bank of Nigeria Limited — Nigeria's oldest commercial bank, founded in 1894 — as well as a portfolio of other financial services subsidiaries. First Bank is one of the most widely recognised banking brands in Nigeria, with one of the largest retail branch and agent networks in the country. The group adopted a holding company structure in 2012, separating the banking business from the broader group. In 2025–2026, the holding company underwent a rebrand and is now marketed externally as First HoldCo Plc while retaining the NGX ticker FBNH. The group is frequently tracked by investors seeking exposure to legacy Nigerian banking institutions and the broader growth of financial services in Nigeria.

What FBN Holdings Plc does

FBN Holdings operates primarily through First Bank of Nigeria, which provides retail, business, and corporate banking services to millions of customers. First Bank's products include current and savings accounts, personal and SME loans, mortgage finance, trade finance, foreign exchange services, and a growing suite of digital banking channels. Beyond banking, FBN Holdings' subsidiaries include FBNQuest (investment banking, asset management, and securities services), FBN Insurance, and FBN Mortgages. This diversified financial services model means the group earns income from banking, investment management fees, insurance premiums, and capital markets activity.

What this profile is helping you evaluate

Investors researching how to buy FBN Holdings shares are often interested in Nigeria's oldest bank brand, seeking diversified financial services exposure within a single NGX-listed holding company, or comparing FBNH against other Nigerian banking holding groups such as GTCO and ACCESSCORP.

Review the official NGX profile for FBNH to confirm the holding company structure, current subsidiaries, listing information, and any recent regulatory announcements or corporate actions.

Read FBN Holdings' annual report and financial results to assess First Bank's loan quality (NPL ratios), capital adequacy, profitability, digital transformation progress, and the contribution of non-banking subsidiaries to group earnings.

Compare FBNH with other NGX banking holding groups on capital strength, asset quality, return on equity, and dividend history to understand its relative position in the Nigerian financial sector.

Risks to understand before buying shares

Credit risk: First Bank has historically carried higher non-performing loan ratios than some peers, and ongoing loan book quality is an important factor to monitor.
Regulatory risk: CBN supervision of Nigerian banks can result in capital requirements, restrictions on dividends, or operational directives that affect reported profitability.
Macro and FX risk: naira volatility and Nigerian economic conditions affect borrower quality, fee income volumes, and overall earnings.
Holding company risk: the ability to pay dividends at group level depends on First Bank and subsidiaries upstreaming earnings to the holding company.
The value of shares can rise or fall, and past performance is not a guide to future returns.

Dividends

FBN Holdings has paid dividends to shareholders in multiple years, though dividend decisions depend on group earnings, the CBN's regulatory stance on capital adequacy, and the board's assessment of the group's capital needs. Investors evaluating FBNH for dividend income should review the latest dividend announcements via the official NGX company page and the most recent annual report for First Bank Nigeria's capital position.

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Stock profile

FBN Holdings Plc

FBNH · NGX

›Listed on the Nigerian Exchange (NGX) under the symbol FBNH
›Sector: Financial Services (Banking and Diversified Finance)
›Holding company of First Bank of Nigeria — founded in 1894, Nigeria's oldest bank
›Non-banking subsidiaries: FBNQuest (investment banking), FBN Insurance, FBN Mortgages
›One of the largest retail branch networks in Nigeria

Use the official NGX source page to confirm the current listing status, company announcements, and public information.

NGX Listing Page ↗Company IR Page ↗

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This page is for general information only. It is not financial advice and it is not a recommendation to buy, sell, or hold any shares. The value of investments can go up as well as down.

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Frequently asked questions

What is FBN Holdings Plc?

FBN Holdings Plc — now rebranded as First HoldCo Plc — is the holding company of First Bank of Nigeria Limited, Nigeria's oldest commercial bank founded in 1894. It is listed on the NGX under the symbol FBNH and also oversees non-banking subsidiaries including FBNQuest and FBN Insurance.

Has FBN Holdings changed its name?

Yes. FBN Holdings Plc has rebranded to First HoldCo Plc. The company's investor relations website is now at first-holdco.com. The NGX listing ticker symbol remains FBNH.

What is the NGX ticker for FBN Holdings / First HoldCo?

The NGX ticker symbol remains FBNH.

What is the difference between First Bank and FBN Holdings?

First Bank of Nigeria Limited is the commercial banking subsidiary. FBN Holdings Plc (FBNH) is the listed parent holding company. Buying FBNH shares means owning shares in the holding company, which controls First Bank and other subsidiaries.

How old is First Bank of Nigeria?

First Bank of Nigeria was founded in 1894, making it Nigeria's oldest commercial bank. It has operated through various names and ownership structures over its long history.

What subsidiaries does FBN Holdings own?

FBN Holdings' major subsidiaries include First Bank of Nigeria (commercial banking), FBNQuest (investment banking and asset management), FBN Insurance, and FBN Mortgages.

Does FBN Holdings pay dividends?

FBN Holdings has paid dividends in multiple years. Dividend decisions depend on group earnings, CBN capital requirements, and the board's assessment of the group's needs. Check the latest dividend announcements on the official NGX page.

Can foreigners buy FBN Holdings shares?

Foreign investors can hold NGX-listed shares subject to applicable SEC and CSCS requirements. A regulated NGX stockbroker can advise on the process for non-Nigerian investors.

Is this page financial advice or a recommendation to buy FBN Holdings shares?

No. Shares Saver publishes these company profile pages for general educational information only. They are not financial advice and they are not a recommendation to buy, sell, or hold any shares.

Where can I verify official FBN Holdings listing details on NGX?

Use the official NGX company detail page for FBNH to verify listing information, financial disclosures, and announcements.

How can I buy FBN Holdings shares through Shares Saver?

Create a free Shares Saver account, complete identity verification, and place a purchase instruction through regulated NGX broker partners. Shares are registered in your own name via the CSCS.

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Research resources

Start with the official NGX company page for the listing record and announcements, then visit the company's own investor relations site for annual reports, results, and dividend history.

NGX Listing Page Company IR Page ↗

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