Wetin be FIRSTHOLDCO P/E ratio?

FIRSTHOLDCO dey trade at 1.2x P/E ratio.

Wetin be FIRSTHOLDCO dividend yield?

FIRSTHOLDCO dey pay 7.0% dividend yield.

How I go buy FIRSTHOLDCO?

You need CSCS account through licensed stockbroker. Brokers like Meristem, Chapel Hill Denham, Stanbic IBTC, and ARM offer online trading.

FIRSTHOLDCOFinancial Services

FBN Holdings Plc

₦60

▼ 3.8%+70% YTD

≈ $0.04 · Forex rate

Key stats

Market cap

₦420B

P/E ratio

1.2x

Dividend yield

7.0%

52-week range

₦20 – ₦65

Founded

1894

Listed

1971

Board

Main Board

Industry

Banking & Financial Services

Lagos Marina

CEO

Adesola Adeduntan

35.895B

ISIN

NGFBNHLDS006

Key milestones

1894

Bank of British West Africa founded — predecessor of First Bank

1971

Listed on Nigerian Stock Exchange

1979

Renamed First Bank of Nigeria

2002

Pan-African expansion commenced

2012

FBN Holdings holdco structure created

2018

NPL cleanup completed

2024

Capital raise to meet CBN requirements

2025

PAT reached ₦335 billion

Why Lagosian dey care about FIRSTHOLDCO

First Bank of Nigeria na di oldest bank for Nigeria (1894). Di yellow-and-blue First Bank buildings na Lagos landmark. Di 30-storey FBN Headquarters for Marina na one of Lagos Island most recognizable building. Stock dey trade at 1.2x PE — di cheapest among Nigerian Tier 1 bank. 7% dividend yield.

About di company

FBN Holdings own First Bank of Nigeria — di oldest bank for Nigeria (1894). Di holdco structure form for 2012. First Bank get di largest branch network for West Africa (over 750 branch). Group operations: Banking, Insurance, Capital Markets, Asset Management. Total assets na ₦15 trillion with 30 million customer.

Business segments

1.Banking — First Bank Nigeria (largest unit)

2.International Banking (UK, Ghana, DRC, Sierra Leone, Gambia, Senegal, Guinea)

3.Insurance — FBN General, FBN Life

4.Capital Markets — FBNQuest

5.Asset Management

📈 Why buy

Cheapest Tier 1 bank in Nigeria at 1.2x PE. 130-year heritage and largest branch network. Recent leadership changes show focus on improvement. 7% dividend yield. Diversified financial services group.

📉 Why fear

Lower ROE than GTCO and Zenith reflects cost structure. NPL legacy issues continue. Multiple subsidiaries add complexity. Slower technology transformation than peers.

Key risks

⚠Non-performing loan concerns
⚠Lower ROE than peers
⚠CBN recapitalization impact
⚠Pan-African subsidiary FX risk
⚠Insurance subsidiary regulatory risk

Trading activity — past 3 months

FBN Holdings is a heavily traded stock due to its retail investor base. FIRSTHOLDCO traded 920 million shares in 195,000 deals worth ₦52 billion over the past three months. Volume often spikes on dividend-related news.

Financial Services sector — FIRSTHOLDCO dey rank 4 of 7

By market cap

#	Ticker	Name	Price	Mkt cap	YTD
1	GTCO	Guaranty Trust Holding Co Plc	₦139	₦600B	+55%
2	ZENITHBANK	Zenith Bank Plc	₦110	₦500B	+60%
3	NGXGROUP	Nigerian Exchange Group Plc	₦164	₦470B	+496%
4	FIRSTHOLDCO	FBN Holdings Plc	₦60	₦420B	+70%
5	UBA	United Bank for Africa Plc	₦49	₦380B	+65%
6	ACCESSCORP	Access Holdings Plc	₦27	₦350B	+55%
7	FIDELITYBK	Fidelity Bank Plc	₦18	₦200B	+80%

← Previous

CADBURY · ₦70

UBA · ₦49

Frequent Question

FIRSTHOLDCO (FBN Holdings Plc) na trading at ₦60.05. Down 3.77% today, +70% YTD.

Important Disclaimer

Stock prices wey dey dis page dey delayed by at least 30 minutes and na for informational purposes only. Lagos.cool NO be licensed stockbroker, investment advisor, or securities dealer. We no dey buy, sell, or recommend any securities.

Past performance no be guarantee for future result. Stock price fit go down as e fit go up, and you fit lose some or all of your investment. Always consult licensed stockbroker or financial advisor before you make investment decision.

Data dey come from di Nigerian Exchange (NGX) and public corporate disclosure.