Olufemi Otedola, chairman of First HoldCo Plc, has further strengthened his position in the group following a fresh share acquisition valued at approximately N43.41 billion.
- +BREAKING: Femi Otedola acquires First HoldCo shares worth over N43 billion
The acquisition, executed on the Nigerian Exchange on May 13, 2026, involved the purchase of 549,535,653 shares at an average price of N79 per share.
Sade Ogunleye
The acquisition, executed on the Nigerian Exchange on May 13, 2026, involved the purchase of 549,535,653 shares at an average price of N79 per share.
Consequently, Olufemi Otedola’s stake in First HoldCo Plc has climbed from 8,055,314,486 units reported in the FY 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 57%.
