Otedola tightens grip on First HoldCo after N43.4bn share acquisition

Hallmarknews | 14-05-2026 07:37pm |

Femi Otedola, the billionaire businessman and Chairman of First HoldCo Plc, has significantly enhanced his stake in the financial services company by acquiring 549.5 million shares for approximately N43.41 billion. This acquisition was officially reported in an insider dealing notice submitted to the Nigerian Exchange on Wednesday. The transaction underscores Otedola's increasing influence within the organization, reflecting his commitment to the company's growth and development.

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