FirstHoldCo closes ₦45Bn private placement, further raising FirstBank’s capital base (opens original article in a new tab)

FirstHoldCo completes ₦45 billion private placement to strengthen FirstBank's capital base, supporting regulatory compliance and growth initiatives. The company remains committed to raising additional capital to reach a ₦1 trillion paid-up capital goal.

• FirstHoldCo completes ₦45 billion private placement for FirstBank's capital restoration
• Group aims to raise ₦350 billion under recapitalisation directive by 2026
• FirstBank's capital base strengthened to support growth and regulatory compliance
• Group plans to increase paid-up capital to ₦1 trillion with shareholder approval