Femi Otedola, Chairman of First HoldCo Plc, has increased his holding in the company following a major share acquisition worth about ₦43.41 billion.
The transaction was carried out on the Nigerian Exchange on May 13, 2026.The deal involved the purchase of 549,535,653 shares at an average price of ₦79 each.
With this addition, Otedola’s total stake in First HoldCo rose from 8.06 billion shares, as stated in the FY 2025 audited results, to 8.60 billion shares.
The acquisition coincided with a surge in investor activity, as trading volume exceeded 563 million shares by mid-day.
The stock’s year-to-date gain also climbed past 57%, reflecting renewed market interest in the financial services group.
