Top Tweets for #FBNH
First HoldCo Plc ($FBNH) H1 2026 Results:
PBT +83.5% YoY to ₦653.5bn.
PAT +81.6% to ₦526.1bn.
The headline and the income statement's underlying drivers are telling two different stories.
💠#Shareholders
🔥 RED ZONE ALERT! 🔥
We're locked in at 10k - 50k Zone, but the mission is clear: GET to the BLUE ZONE [100k - 500k]—ASAP and at the best entry price possible! 🚀
The real question is… Which ZONE are YOU in? #ZoneStrategy
#FBNH 🐘
#Accumulate
![TwitsByAloba's tweet photo. 💠#Shareholders
🔥 RED ZONE ALERT! 🔥
We're locked in at 10k - 50k Zone, but the mission is clear: GET to the BLUE ZONE [100k - 500k]—ASAP and at the best entry price possible! 🚀
The real question is… Which ZONE are YOU in? #ZoneStrategy
#FBNH 🐘
#Accumulate https://t.co/KtlrIziKlN](https://pbs.twimg.com/media/Gp05NreWkAEkI0h.jpg)
#GTCO led Tier 1 banks in profitability with N1.22trn, followed by @ZenithBank and @GroupEcobank, while @UBAGroup and #FBNH lagged.
Strong earnings improved financial ratios, with GTCO and Zenith excelling. UBA had the highest price-to-earnings ratio at 1.91x, while GTCO had the lowest at 1.25x.
🔗 https://t.co/5r2w7StGic
Nigeria’s oldest bank, #FBNH, saw its gross earnings rise by 118.76% to N1.40trn in H1 2024, driven by more considerable net interest income (NII) and net fair value gains on FVTPL to cushion the foreign exchange revaluation loss of N192bn and rising operating expenses. Analysts observed that FBNH fell among the few banks with foreign exchange losses, exempting it from the Finance Ministry-supported 70% windfall tax.
🔗https://t.co/PvNO7knCZC
Highlights from our Banks Recapitalization Watch this week, July 05, 2024
• @myaccessbank emerged as the top Tier 1 bank based on Proshare’s Bank Strength Index (PBSI) followed by @ZenithBank and @FirstBankngr #FBNH.
• Among the Two Tier 2 Banks, @wemabank and @MyFCMB, had positive YTD returns, while the remaining banks' share prices saw a decline within the week
• Access Holdings Plc unveiled its capital raise plan this week. The Company announced a N315bn capital raise via rights issue.
🔗Read more: https://t.co/JFw7ms0BKr
#AskProshare
The Chairman of #FBNH, @realFemiOtedola, increased his total direct and indirect shareholding in the bank to over 3.38 billion shares, worth N74.27 billion, representing 9.4% of the total FBNH shares outstanding, making him the largest shareholder.
🔗 https://t.co/D1jZ5SDTvN
@c_kiruStrategy @fidelitybankplc @ngxgrp @MwangoCapital @BusinessIntelKE @cenbank @GBSAfrica @olumidecapital @kenyanwalstreet Most of these big boys won't do Public Offers, but Rights and Special Placements. E.g. #FBNH their 350bn would come from less than 10 deep pockets...
Click the link to read more👇🏻
https://t.co/LhyVpobcPN
Follow @Nairametrics for more news updates
#nairametrics #banks #news #updates #ZenithBank #accessbank #breakingnews #fbnh #gtco #kudabank #zenith #firstbank #nigeria #access #market #opay $trillion #fbnholdings
April 24: Yields flat at @cenbank weekly #NTB auction as #Naira dips again (-0.6%) to NGN1,308.52 on #USD at #NAFEX market, while @ngxgrp ALSI plunged 1.20% (NGN673bn) led by #MTN #FBNH #TranscorpHotel while #OVN climbed to 31.3% among commercial banks @FrontierAFR @MwangoCapital
.@realFemiOtedola Appointed Chairman of the Board of Directors of FBN Holdings Plc #FBNH
🔗 https://t.co/2aB3zL6ffh
The @realFemiOtedola phenomenon has several benefits but equally a fair share of pain. Otedola’s involvement in high-value share purchases has had its most beneficial impact on a sleepy and politics-riddled institution like the erstwhile #FBNH.
However, the value addition with respect to the corporate fundamentals of other institutions is less clear. While return on equity values have gone up for the three institutions Otedola has intervened in, whether the rise in equity prices aligns with underlying free corporate cash flows discounted at an inflation-adjusted rate remains mute. In other words, do recent price increases of companies reflect their earnings fundamentals?
To answer the question may require a fireside conversation with the man at the centre of recent corporate equity raids, and we look forward to that; but what is clear so far is that where Otedola goes, the clanging sound of bank vaults being opened follows.
Femi Otedola’s power company, Geregu has, as usual, led the way in corporate results announcements, and the 2023 FYE results analyses gives an insight into whether Otedola is just as good a business owner as a strategic value-pursuing investor.
https://t.co/70VNgc3FXR
In October 2021, the raider king (as some now call him) took an interest in Nigeria’s oldest commercial banking group, #FBNH, and bought slightly over 5% of the entity, making him the largest publicly known individual shareholder of the lending institution off the back of a massive struggle by entrenched core investor interest to shut him out.
Apart from owning a large slice of FBNH, Otedola is believed to have nominated some Holdco’s board members. His goal, as articulated in our October 25, 2021 piece titled, The Phoenix: Matters Arising as Otedola Acquires 5% Interest in FBNH, was to nudge the institution towards improved internal cost processes, better risk management, sound corporate governance, and improved shareholder value. He was of the view that the institution could do operationally better, and he was right. Nevertheless, those close to the Geregu Power company chairman are no strangers to his skill at business stratagem.
https://t.co/70VNgc3FXR
Tier 1 banks benefited from exchange rate reforms, showing strong performance in 9M 2023 despite a challenging business environment. @theaccesscorp, @ZenithBank, and @UBAGroup grossed above N1trn, while @FirstBankngr #FBNH and @gtbank #GTCO neared the mark at N985.58bn and N841.50bn.
Earnings growth resulted from revaluation gains and interest income, helping offset high operating expenses due to inflation. Profitability rankings differed from gross earnings, with Zenith leading. Digital income rankings placed UBA on top, indicating room for tech enhancement.
Read more: https://t.co/MblFHfxU30
#FBNH suffered a revaluation loss of N117bn in Q2, 2023 due to the removal of petrol and FX subsidies, but improved loan quality and lending size helped the bank cushion the adverse effects of the loss.
The financial lender's non-interest income was affected by a foreign exchange loss, while interest income rose from N370.36bn in 9M 2022 to N633.80bn in 9M 2023.
🔗 Read the full analysis: https://t.co/3VL9ahkz5t
#AskProshare
FBN Holdings Plc reported a profit after tax of N236.42bn in Q3 2023 and 80% revenue growth. Share Price: N16.1k
🔗 https://t.co/8jrPInSJeq
#FBNH
At the 11th Annual General Meeting of FBN Holdings Plc, shareholders gave their approval for a 50k final dividend and a capital raise of N150bn. Additionally, @realFemiOtedola was elected as a Non-Executive Director.
🔗 https://t.co/uyIXhH15sl
#FBNH
Billionaire Femi Otedola triumphs as FBNH directors oppose Otudeko’s stake purchase
https://t.co/d1TK8VqHzL
#AfricanBillionaires #BillionairesAfrica #FBNH #FemiOtedola #Nigeria #Nigerianbillionaire #ObaOtudeko
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