First Ally Capital Invests N2bn in First Holdco Stocks, First Bank Nigeria Redeems Eurobond

First Ally Capital, a related company to Ebenezer Olufowos, Chairman of First Bank Nigeria Limited, purchases 64,516,129 shares of First Holdco PLC (NGX: FIRSTHOLDCO) at N31.05 per share on the Nigerian Exchange on November 25. The share price of First Holdco closed at N31, with a market capitalization of N41.877 billion.

First Bank Nigeria recently redeemed a 350 million eurobond, oversubscribed at 70%, showcasing its strong market reputation and prudent risk management. Iheanyi Nwachukwu, a creative content writer with 18 years of experience, provided additional insights.