Leading financial services company, FBN Holdings Plc, has clinched the prestigious title of the Year 2024 Overall Best Workplace in Nigeria in the small corporate category awards hosted by Great Place to Work (GPTW) last Friday at the Civic Centre, Victoria Island, Lagos.
This year’s unprecedented recognition and acknowledgment clearly accentuates the deliberate strategy of the board and management of the company in creating a conducive and work friendly environment that has enabled its staff to thrive. The company received two other accolades; it won the awards of Best in Promoting a High Trust Culture and Best in Promoting People Leadership Practices.
The subsidiaries of the holding company also enjoyed their share of the recognition and achievement at the grand ceremony, it started with the flagship subsidiary; First Bank of Nigeria Limited receiving two awards; the coveted Year 2024 Legendary award. This award is based on the bank’s consistency in having received certification for five consecutive years (2020-2024) which ultimately qualifies it to join an exclusive group of few companies in Africa that have also won certification for five years in a row. The second award it won is Best in Corporate Social Responsibility, attesting to the bank’s tremendous involvement in the activities of this nature which has been tagged Start Performing Acts of Random Kindness (SPARK).
The other subsidiaries that made it a glorious evening for the Group were FBN Insurance Brokers and FBNQuest Trustees that took home, Best Workplace in Promoting a Fun and Friendly Environment and Best Workplace for Women awards respectively.
In the ranking category for best workplaces in Nigeria in the small, medium and large corporate categories, the Group also had a remarkable evening with performances and recognitions.
To come up with the various results, GPTW, a global firm that gives leaders and organisations the recognition and tools to create a consistently and overwhelmingly positive employee experience apply survey, research, feedback from information gathered which are fed into an automated system that eventually provides the various results that are deployed in the final analysis of placements and ranking of organisations annually. Also, insights which are received from approximately 10,000 organisations across the world are also used to benchmark individual performance and advise employers on how to continuously improve employee engagement.
Nnamdi Okonkwo, the Group Managing Director of FBN Holdings Plc was delighted at these achievements, he posited ‘these recognitions and awards affirms our effective best in class HR practices and strategy that is reshaping our Employees Value Proposition (EVP) towards building a high-performance environment’.
Okonkwo added further that ‘these awards won across the Group will motivate the leadership to continue to pursue a strong people agenda to drive superior business performance for the overall interest of our stakeholders.’
In another development, FBNHoldings has commenced its Rights Issue offering of 5,982,548,799 ordinary shares of 50 kobo each at N25.00 per share to its existing shareholder on the basis of one (1) new ordinary share for every (6) ordinary shares held as at October 18, 2024.
The Offer is part of the Company’s plan to recapitalise its commercial banking subsidiary, First Bank of Nigeria Limited, with a view towards increasing the bank’s capacity for business development and growth. In the main, the bank will utilise the fresh capital to extend business to its Wholesale and Retail business segments; further enhance its automation and digital banking offerings as well as its African expansion plans. The Rights Issue is open for a six week duration. It is expected to close on December 12, 2024
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