FUGAZ Banks Set Aside N2.36tn as Bad Loans Rise in 2025
Nigeria’s five largest banks commonly referred to as the FUGAZ group collectively set aside N2.36 trillion in provisions for bad ...
Tag: First HoldCo
Otedola Exits Geregu in $750m Deal
In a landmark transaction reshaping Nigeria's energy sector, billionaire investor Femi Otedola has sold his majority stake in Geregu Power ...
Femi Otedola Strengthens Stake in First HoldCo, Bolsters Influence Over Nigeria’s Oldest Bank
Nigerian billionaire Femi Otedola has further consolidated his influence over First HoldCo, the parent company of First Bank of Nigeria ...
Otedola’s First HoldCo Strikes Partnership With Microsoft to Advance African Tech Innovation
First HoldCo Plc, the parent company of First Bank of Nigeria and chaired by billionaire investor Femi Otedola, has entered ...
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Nigeria’s External Reserves Drop by $855 Million in Five Weeks
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FUGAZ Banks Set Aside N2.36tn as Bad Loans Rise in 2025
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