First HoldCo Plc has announced the completion of sale of FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP.
The announcement was made in a notification issued by the Group Company Secretary, Abiola Baruwa, for First HoldCo Plc in the document dated November 27, 2025.
The company said the notification was for the attention of the NGX and the investing public that First HoldCo Plc had successfully completed the full divestment of its 100% ownership in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP.
The notification reads in full:
“NOTIFICATION OF COMPLETION OF SALE OF FBNQUEST MERCHANT BANK LIMITED
“In line with the Nigerian Exchange Limited (NGX) Rulebook, we wish to inform NGX and the investing public that First HoldCo Plc has successfully completed the full divestment of its 100% ownership in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP.
“This transaction has been finalized after obtaining all necessary regulatory approvals from the Central Bank of Nigeria.”
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