First Bank Of Nigeria Set To Change Brand Name

First Bank of Nigeria (FBN) Holdings Plc has announced shareholder approval for a rebranding effort that will see the company adopt the new name First Holdco Plc.

In a statement issued on Friday by the company secretary, Adewale Arogundade, the decision was finalized during the 12th Annual General Meeting, held virtually on Thursday.

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EKO HOT BLOG reports that this change will also extend to all subsidiaries of the financial group.

The resolutions approved by shareholders include:

• The renaming of the company from FBN Holdings Plc to First Holdco Plc.
• Extending the name change to all subsidiaries within the group.
• Authorizing directors to take necessary actions to implement the rebranding, including securing regulatory approvals.
• Amending the company’s Memorandum and Articles of Association to reflect the new legal name and any updates related to the issued share capital.

The rebranding aligns with the company’s vision to streamline its identity and operations across its subsidiaries, reinforcing its commitment to delivering shareholder value.

This strategic move marks a significant milestone in FBN Holdings’ corporate evolution as it repositions for sustained growth and adaptability in an ever-changing financial landscape.

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