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First Bank's Subsidiary Becomes Nigeria's First Nominee Company in Capital Market

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First Bank,Nominee Company,Securities And Exchange Commission

First Bank of Nigeria announces the registration of its subsidiary, First Nominees Nigeria Limited, by the Securities and Exchange Commission (SEC) as the first nominee company in the Nigerian capital market. This registration also designates FirstNominees as the first non-pension assets custodian in Nigeria, expanding First Bank's presence in the securities custody landscape.

First Bank of Nigeria, says its subsidiary, First Nominees Nigeria Limited, has been registered by the Securities and Exchange Commission in the capital market.

The company got the approval on November 22, according to the statement, signed by Olayinka Ijabiyi, assistant group head of marketing and corporate communications at First Bank of Nigeria Limited.The financial institution said the registration also makes FirstNominees the “first non-pension assets custodian in Nigeria” to be recognised and registered by the commission.

Commenting on the registration, Kunle Olorunfemi, the managing director of FirstNominees, expressed delight over the feat — describing it as a testament “to our commitment to excellence and our ability to deliver on our promises”.

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First Bank of Nigeria Subsidiary Becomes Nigeria's First Nominee Company, Expands Custody ServicesFirst Bank of Nigeria's subsidiary, First Nominees Nigeria Limited, has been registered as the first nominee company in Nigeria's capital market by the Securities and Exchange Commission (SEC). This development makes FirstNominees the first non-pension assets custodian in Nigeria to be recognized and registered by the commission.
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