The Chairman of First HoldCo Plc, Femi Otedola, has acquired additional shares worth N14.8 billion in the financial holding company.
With the latest acquisition, Otedola increased his equity stake in the company to 18 percent.
The acquisition was disclosed in a notice signed by the Group Company Secretary, Abiola Baruwa, and filed with the Nigerian Exchange Group (NGX) on Thursday, December 18, 2025.
According to the notice, Otedola purchased 369,986,122 units of First HoldCo shares at N40.06 per share through Calvados Global Services Limited, an investment firm linked to the billionaire businessman.
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The latest purchase follows a series of acquisitions by the billionaire investor.
On September 25, Otedola expanded his holdings with the purchase of 64.87 million shares valued at N2.01 billion.
Earlier, on September 23, FBN Holdings announced that the business mogul had acquired 39.3 million shares directly for N1.2 billion, alongside an additional 25.6 million indirect shares worth N793.6 million through Calvados.
These transactions increased his stake in First HoldCo to 16.1 per cent from 13.15 per cent recorded in September 2024.
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