First HoldCo Plc has announced that Anil Dua, a non-executive director on the board of its banking subsidiary, First Bank of Nigeria, acquired shares worth N177.9 million.
- +First Bank director Anil Dua acquires First HoldCo shares worth N177.9 million
In a disclosure filed by the HoldCo and signed by Abiola Baruwa, the Group Company Secretary, the transaction was referenced under code NGFBNH000009.
In a disclosure filed by the HoldCo and signed by Abiola Baruwa, the Group Company Secretary, the transaction was referenced under code NGFBNH000009.
Following the acquisition, the stock closed at N74.55 per share, implying a 7.17% gain above the director’s purchase price, while the overall daily gain stood at 9.96%, with trading volume also surging.
According to trading data on May 11, 2026, more than 148 million shares of First HoldCo exchanged hands on the Nigerian Exchange, ranking third behind Access Holdings (172 million) and Veritas Kapital (194 million).
The renewed buying interest followed the group’s Q1 2026 results, which showed pre-tax profit rising 72.20% to N321.1 billion from N186.4 billion in Q1 2025.
Meanwhile, non-interest income rose 111% to N219.22 billion in Q1 2026, driven by higher net fee and commission income alongside stronger gains from investment securities sales.
In addition to its Q1 2026 results, First HoldCo Plc announced it is seeking shareholder approval to raise up to N253 billion at its 14th Annual General Meeting on May 29, 2026, targeting a N1 trillion capital base.
The company said the target paid-up capital builds on a combined share capital and share premium, aimed at strengthening regulatory and balance sheet position.
According to the board, the transaction could be implemented through a public offer, private placement, rights issue, bonus issue, or scrip dividend, subject to final approvals.
