First Bank Chief Risk Officer Purchases 1.36 million New Shares

The Chief Risk Officer of First Bank of Nigeria Olusegun Alebiosu, has purchased 1.36 million new shares of FBN Holdings, according to a filing on the Nigerian Stock Exchange (NSE).

Alebiosu bought the shares at an average price of N5.05 per share for a total value of N6.7 million.

This is perhaps one of the more bullish insider purchases we have seen since we began tracking them.

A Chief Risk Officer is expected to know the core happenings in a business and the purchase is a vote of confidence on FBN Holdings outlook.