First Holdco’s biggest single day plunge in 3 months opens opportunity for investors

    Iheanyi Nwachukwu | Editor’s picks | Feb 03, 2026    
Get Unlimited Access
Subscribe to unlock this article

Complete digital access to quality journalism on any device. Cancel anytime during your trial.

Once registered, you can:

  • Read this article and many more, including access to epapers and research
  • Enjoy customize article feed/recommendation based on your profile
  • Enjoy access to Businessday exclusive events
  • One-Access accross Businessday platforms

Share this article
Shared
4362
times

FBN Holdings Plc, the parent of Nigeria’s oldest commercial lender, saw its shares suffer their steepest single-day decline in three months, opening an avenue for investors to grab the stock at a discount.

Continue reading your article with a
BusinessDay subscription





Already a subscriber?
Sign In
RECOMMENDED STORIES
Economy
South African Kirsh dethrones Rabiu as Africa's fastest-growing billionaire in 2026
...tycoon's wealth jumps 46% after landmark $29bn deal
Bunmi Bailey | Jun 09, 2026
Economy
Nigeria’s minimum wage has been overtaken by a N700,000 survival cost
By the third week of every month, Ibrahim Olarinrin’s salary is gone. The 38-year-old Lagos resident earns N300,000 a month working for a professional services firm in accounting and finance. Yet feeding his wife and two children now costs about N360,000
Oluwatobi Ojabello | Jun 09, 2026
Economy
Nigerian banking elites shift wealth to London property market
Nigeria’s corporate elite and leading bankers are quietly accelerating their investments in London real estate, underscoring a widening disconnect between the country’s harsh economic realities and the offshore wealth strategies of its richest citizens.
Bunmi Bailey | Jun 09, 2026
Economy
Why S/Africa is continent's biggest employer despite record joblessness
South Africa faces the dual reality of being the biggest employer of labour in Africa, while simultaneously grappling with the highest rate of unemployment, and one of the highest in the world.
Ngozi Ekugo | Jun 09, 2026
support_agent
phone
mail_outline
language
help_outline
Conference Ad Conference Ad