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NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

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Rising investor interest in First Holdco lifts shares back to pre-selloff levels

WHEN trading opened on the Nigerian Exchange (NGX) on February 4, demand for First Holdco Plc shares spiked almost immediately, with buy orders pouring in as investors rushed back into the stock. Within hours, the shares jumped by N4.4, or 9.92 percent, to close at N48.75, hitting the NGX’s daily price limit before midday. The […]

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Jul 18, 2025 post

With Otedola in control, here’re 4 key developments to watch at First Bank

ON Wednesday, billlionaire Femi Otedola secured a humongous off-market transaction of 10.43 billion units of the First Bank or FirstHoldco’s shares estimated at N323.4 billion. This was the highest off-market transaction in the history of the Nigerian stock market. The transaction raised Mr Otedola’s stake in First Bank or First Holdco to 36.7 percent, having […]