Femi Otedola Acquires N43 Billion Shares in First HoldCo

On May 13, 2026, Femi Otedola, the Chairman of First HoldCo Plc (NGX: FIRSTHOLDCO), executed a significant acquisition of shares valued at over N43 billion. The transaction involved the purchase of 549,535,653 shares at an average price of N79 per share.

This acquisition has heightened investor interest and led to a sharp increase in trading activity, with trading volumes crossing 563 million shares. Year-to-date returns for the stock have advanced beyond 57%, indicating a positive market response to Otedola's investment.

This strategic move further strengthens Otedola's position within the group and reflects his ongoing commitment to enhancing the company's market presence.