FirstHoldCo closes N45bn private placement at N44.06; further strengthening FirstBank’s capital base

First HoldCo Plc (“FirstHoldCo” or “the Group”) hereby notifies the Nigerian Exchange Limited (NGX), its shareholders, and the investing public that it has successfully completed the N45 billion second tranche of its ongoing N350 billion Private Placement programme, having secured all requisite approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).
The proceeds will be injected into First Bank of Nigeria Limited (“FirstBank”), the Group’s flagship subsidiary, as part of its capital restoration plan and broader balance sheet strengthening programme.
This capital action further enhances FirstBank’s financial resilience, expands balance sheet ...