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FEMI Otedola has further increased his ownership of First HoldCo Plc after acquiring an additional 138.04 million ordinary shares valued at approximately N18.11 billion. The latest transaction reinforces the billionaire businessman’s growing influence in the financial services group and comes only days after he indicated that he could increase his stake beyond the roughly 26 […]
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CHAIRMAN of First HoldCo Plc, Mr Femi Otedola, has indicated that he could increase his ownership in the financial group beyond a controlling stake, saying his long-term ambition is to hold more than 51 percent of the company. Speaking in an exclusive interview with Nairametrics published on Monday, Otedola said his commitment to First HoldCo […]
….Investment value hits N1.04tn CHAIRMAN of First HoldCo Plc, Mr Femi Otedola, has increased his ownership in First Holdco to 21.96 percent after purchasing an additional 706.13 million shares worth N77.58 billion. A share dealing by an insider filing submitted to the Nigerian Exchange (NGX) on Wednesday showed that the latest acquisition lifted Otedola’s stake […]
CHAIRMAN of First HoldCo Plc, Mr Femi Otedola, has increased his stake in the financial services group to 20.42 percent after acquiring 680.8 million shares through the company’s recently concluded private placement. The shares were purchased at N44 each, translating to an investment of about N29.6 billion. The offer price was below First HoldCo’s closing […]
THERE are 6 disturbing numbers in the full-year 2025 financial statement of First Holdco, the holding company of First Bank of Nigeria. The numbers have kept investors worried, even though they are not outright signs of a bank in distress. According to the unaudited financial statement, the company reported a loss of N337.540 billion in […]
THE operating expenses of FirstHoldco Plc, First Bank’s parent company, increased by 42 percent year-to-date to September (January to September) 2025, with line items such as advert and corporate promotions, travels, directors’ emoluments and donations/subscriptions surging. The company spent a total of N597.768 billion on operating expenses from January to September 2025 as against N421.321 […]
First Bank or FirstHoldco Chairman, Mr Femi Otedola, on Thursday, acquired additional 369,986,122 shares of the company at N40.06 per share, raising his stake in the institution to 17.56 percent. The total value of the deal stands at N14.82 billion. Mr Otedola bought the shares through his firm, Calvados Global Services Limited, consolidating his position […]
FIRST Bank Limited, or First Holdco, has confirmed RC Investment Management Limited as its biggest shareholder after earlier acquiring 10.433 billion units of shares in July. The RC Investment’s share transaction was earlier linked to Chairman of First Bank or First Holdco, Mr Femi Otedola, who later denied involvement. The deal was expected to raise […]
IN a web of confusion, the Nigerian government and First Holdco have denied involvement in the purchase of 10.43 billion units of the financial institution’s shares on Wednesday estimated at N323.4 billion. The transaction was earlier linked to Chairman of First Bank or First Holdco, Mr Femi Otedola. The deal was expected to raise Mr […]
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 […]