Femi Otedola acquires N43.41bn fresh First HoldCo shares
Chairman of First HoldCo Plc, Olufemi Otedola has further strengthened his position in the group following a fresh share acquisition valued at approximately N43.41 billion.
The acquisition, executed on the Nigerian Exchange Limited (NGX) on May 13, 2026, involved the purchase of 549,535,653 shares at an average price of N79 per share.
Consequently, Otedola’s stake in First HoldCo has climbed from 8,055,314,486 units reported in the 2025 audited accounts to 8,604,850,139 following the latest acquisition.
Meanwhile, heightened investor interest pushed trading activity sharply higher, with volume crossing 563 million shares by mid-trading as the stock’s year-to-date return advanced beyond 57per cent..
