Investors Hunt for BUA Cement, Others As First Bank Set To Dispose of Shares After Otudeko’s Exit

Investors are showing interest in BUA Cement and other companies as the Nigerian stock market saw a positive performance on Tuesday, August 5, 2025, marking the second consecutive week of gains. The Nigerian Exchange Limited (NGX) Index ASI rose, with market capitalization increasing to over a trillion Naira.

BUA Cement emerged as a major gainer in the market. Sectoral performance was also positive, with the Insurance sector leading the growth.

FBN Holdings Plc, the parent company of First Bank, is set to dispose of shares previously linked to businessman Oba Otudeko. Managing Director Wale Oyedeji confirmed the sale of shares during an investor call, stating that the move will ultimately see the shares being disposed of.

This news has sparked interest among investors in the market.