Femi Otedola Increases Stake in First HoldCo to 18.12% with 3.82 Billion Unit Acquisition

Nigerian businessman Femi Otedola has raised his stake in First HoldCo PLC to 18.12% by purchasing 3.82 billion additional units in 2025, according to the company's financial statements released on January 30, 2026. Otedola now holds a total of 8.05 billion shares in First HoldCo, representing a 90.4% increase from the previous year.

His direct stake in the company rose to 7.31% with 3.25 billion direct shares held as of December 2025. Otedola's latest acquisition involved indirect share purchases worth N14.8 billion in mid-December 2025 through Calvado Global Services Limited.

The stock of First HoldCo surged by 70.77% in 2025, closing at N47.90, supported by significant trading activities following Otedola's major share purchases. However, the stock experienced a 2.5% decline by the end of January 30, 2026, closing at N45, resulting in a year-to-date loss of 6.05% in 2026.