First Bank of Nigeria (FBN) Holdings Plc has unveiled plans to rebrand as First Holdco Plc, following shareholder approval during the company’s 12th Annual General Meeting, held virtually on Thursday. This decision marks a significant transformation in the company’s identity, aligning with its broader financial and operational goals.
The rebranding effort, which will extend to all subsidiaries under FBN Holdings, aims to reflect the company’s evolving structure and enhance its positioning in the financial market. In a statement, FBN Holdings emphasized that the new identity underscores its commitment to streamlined governance and an expanded operational scope.
To solidify this transition, the company will amend its Memorandum and Articles of Association, incorporating the new brand name and updating its share capital structure. These amendments are expected to align the company’s framework with its growth ambitions and regulatory requirements.
FBN Holdings stated:
"That there should be a change of the legal and brand names of the Company from FBN Holdings Plc and FBNHoldings to First Holdco Plc and FirstHoldco, respectively.
"That the change of legal and brand names should be extended to the subsidiaries of FBN Holdings Plc.
"That the directors be and are hereby authorised to perform all such other acts and do all such other things as may be necessary to give effect to the above resolutions, including, without limitation, complying with the directives of any regulatory authority.
"That upon completion of the processes for the change of name, increase of the Company’s share capital, and allotment of the new ordinary shares in accordance with the resolutions above, the Memorandum and Articles of Association of the Company be amended as necessary to reflect the Company’s new legal name and issued share capital."
This strategic move underscores First Bank’s dedication to staying competitive in a rapidly evolving financial environment, ensuring that its brand remains synonymous with innovation, resilience, and growth.
