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Femi Otedola boosts First HoldCo stake with N18 billion share purchase, now holding 26 per cent ownershipFirst HoldCo surpasses N6 trillion market capitalisation, a first for Nigerian banking groupsStock hits new N150 record after remarkable year-long rally, reflecting strong investor confidence
Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.
Billionaire businessman and Chairman of First HoldCo Plc, Femi Otedola, has intensified his investment in the financial services group after acquiring an additional N18 billion worth of shares, as the company’s stock continues its remarkable rally on the Nigerian Exchange.
Otedola, through his company Calvados Global Services Limited, purchased 138,041,465 shares at N131.20 each on Thursday, August 6, according to a regulatory filing with the Nigerian Exchange Limited (NGX).
Femi Otedola’s Midas touch lifts First HoldCos shares Credit: First Bank.Source: UGC
The latest transaction further strengthens Otedola’s position as First HoldCo’s largest individual shareholder, taking
