First Bank of Nigeria (FBN) Holdings Plc has announced plans to change its brand name to First Holdco Plc.
This follows approval from the shareholders.
According to The Cable, this decision was finalized during the company’s 12th annual general meeting, held virtually on Thursday.
The rebranding will extend to all subsidiaries under FBN Holdings, aligning their names with the new corporate identity.
This move aims to reflect the evolving structure of the company as it broadens its financial and operational scope.
In addition to the name change, the company plans to amend its Memorandum and Articles of Association to incorporate the new brand identity and updated share capital structure.
These changes are expected to enhance the company’s positioning in the market and streamline its corporate governance framework.
FBN Holdings said, “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.”
