Otedola's First HoldCo Stake Hits N1.82 Trillion Value

Femi Otedola, Chairman of First HoldCo Plc, has seen his disclosed and implied shareholding in the company rise to N1.82 trillion in market value since the filing of the half-year (H1 2026) financial statements with the Nigerian Exchange Limited (NGX) in late July 2026. The increase followed Calvados Global Services Limited, an entity related to Otedola, acquiring approximately N351.17 billion worth of shares, totaling 2.867 billion shares across five transactions between late July and August 2026.

As of June 30, 2026, Otedola held 9.278 billion shares, which has now increased to about 12.145 billion shares, representing 26.71% of First HoldCo’s 45.475 billion issued shares. The share price rose from N56.05 to N149.90, with Otedola's stake valued at approximately N1.821 trillion based on the September 2, 2026 market closing price.

The largest acquisition occurred on July 30, 2026, when Calvados purchased 1.779 billion shares at N124.90 each, significantly boosting Otedola's holdings.