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First HoldCo’s share price climbed 9.98% to a record N79.35, raising the value of Femi Otedola’s 20.42% stake to about $530 million Otedola has invested more than N250 billion to become the company’s largest shareholder through a series of share purchasesInvestors are optimistic ahead of the company’s second-quarter earnings after it reported a N321.1 billion pre-tax profit in the first quarter
Legit.ng journalist Victor Enengedi has over a decade’s experience covering energy, MSMEs, technology, banking and the economy.
Nigerian billionaire Femi Otedola has seen the value of his investment in First HoldCo Plc rise to about $530 million, following a sharp rally in the company’s share price.
On July 15, 2026, First HoldCo shares gained the maximum daily limit of 9.98%, closing at an all-time high of N79.35 on the Nigerian Exchange.
Billionaire Femi Otedola’s Wealth Jumps as First HoldCo Shares Hit Record High, Stake Tops $530mSource: UGC
The surge further strengthens Otedola’s position
