Femi Otedola Increases Stake in First HoldCo PLC with N14.8 Billion Share Acquisition

Nigerian billionaire businessman Femi Otedola has raised his ownership stake in First HoldCo PLC by purchasing additional shares valued at N14.8 billion. This move, disclosed in a filing with the Nigerian Exchange Group (NGX), marks a significant increase in Otedola's investment in the company.

Otedola's recent acquisitions follow previous share purchases in September 2025, further solidifying his position in the company. The transaction signals Otedola's strategic efforts to enhance performance, create shareholder value, and strengthen his presence in the investment firm.