First HoldCo Seeks Shareholders’ Approval For N253bn Capital Raise

First HoldCo Plc, the parent company of First Bank of Nigeria, said it will be seeking shareholders’ approval to raise up to N253.099 billion in fresh capital.

The move comes as the group pursues a target of reaching a N1 trillion paid-up capital base comprising share capital and share premium.

The fundraising plan is contained in the notice for the group’s 14th Annual General Meeting…