Shared on24 Jul 25
Investment Note: EFCC Case Against Dr. Oba Otudeko and Others Struck Out – Implications for FBN Holdings & Honeywell Flour Mills Summary: On July 17, 2025, the Federal High Court in Ikoyi struck out the 13-count criminal charge filed by the EFCC against Dr. Oba Otudeko (former Chairman of Honeywell Flour Mills and FBN Holdings) and three others. The dismissal followed a peaceful resolution and full repayment of the disputed ₦12.3 billion loan.
Shared on24 Jun 25
Subject: Dividend Suspension and High Oil Exposure Pressure First Holdco’s Valuation Amid Regulatory Scrutiny Investor sentiment turned sharply negative on First Holdco Plc last week, as the Central Bank of Nigeria's (CBN) directive suspending dividend payments for banks under regulatory forbearance and single obligor breaches triggered broad selloffs across the financial services sector. First Holdco—among those affected—saw its stock fall from a weekly open of N28.20 to close at N26.95 , with trading volumes reflecting aggressive repositioning by investors.
Shared on21 Mar 25Fair value Decreased 3.71%
WaneInvestmentHouse has decreased revenue growth from 31.0% to 25.1%.