FirstHoldCo Plc, the parent company of FirstBank of Nigeria, has officially concluded its board deliberations regarding the 2025 financial year.
In a regulatory filing on the Nigerian Exchange (NGX), the Group confirmed that its Board of Directors approved the Audited Consolidated and Separate Financial Statements and a dividend payout during their meeting on Monday, March 9, 2026.
However, in line with regulatory protocols for Tier-1 financial institutions, the formal release of these numbers and the specific dividend amount remain under wraps pending final approval from the Central Bank of Nigeria (CBN).
Key Takeaways from the Notice
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Dividend Potential: The Board has recommended a dividend payment, which is a positive signal for shareholders following a year where FirstHoldCo benefited from high interest rates and its recent mortgage partnership with the Ministry of Finance.
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The “CBN Buffer”: The delay in publication is standard for Nigerian holding companies. The CBN must first review the audited books to ensure the Group has maintained adequate capital buffers and complied with the recent recapitalization guidelines before it can greenlight cash distributions to shareholders.
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Extended Closed Period: The “Closed Period”—during which directors, employees, and insiders are prohibited from trading FirstHoldCo shares—will remain in effect. It will only be lifted 24 hours after the results are eventually uploaded to the NGX Issuers’ Portal.
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