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NEWS

BREAKING 🇳🇬💰: Otedola Expands First HoldCo Stake With ₦43.41bn Share Purchase

May 14, 2026 • 1 min read

Femi Otedola has further increased his holding in First HoldCo Plc after acquiring 549,535,653 shares valued at about ₦43.41 billion on the Nigerian Exchange on May 13, 2026.

The transaction, executed at an average price of ₦79 per share, lifted his total stake from about 8.06 billion shares to roughly 8.60 billion shares, strengthening his position as a major shareholder in the group.

Market activity around the stock also surged, with trading volume crossing 563 million shares, while year to date returns reportedly climbed above 57 percent amid heightened investor interest.