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First Bank Board to Consider 2017 Accounts Next Friday

By Dipo Olowookere

Friday, March 23, 2018 has been fixed by the board of directors of FBN Holdings Plc for the consideration of the group’s financial statements for the year ended December 31, 2017.

A statement issued by the firm explained that after considering the audited accounts, it would now be released to the Nigerian Stock Exchange (NSE).

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As a result, First Bank has announced a closed period for trading of its securities by directors or any person considered as an insider, who has information about the financial giant that might affect the value of its stock at the market.

“This is to inform the public and our stakeholders that the Board of Directors of FBN Holdings Plc will be meeting to consider the 2017 Audited Financial Statements of FBN Holdings Plc on Friday, March 23, 2018.

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“Consequently, there will be a closed period from Monday, March 12, 2018 till 24 hours after the Accounts are filed with the NSE, in line with Rule 17.18 of Part 2 (Issuer’s Rules) of the NSE’s Rule Book (2015).”

However, the company remained silent on whether it would pay dividend to its shareholders for the 2017 financial year.

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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