FirstHoldCo Plc, the parent company of FirstBank, has received approval from its shareholders for a substantial capital raise amounting to N1 trillion. This decision marks a significant strategic shift for the Group, which is recognized as one of Nigeria's oldest and most critical financial institutions. The approval is expected to enhance FirstHoldCo's financial stability and support its growth initiatives in the competitive banking sector. The move underscores the Group's commitment to strengthening its operations and expanding its market presence.
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