Olufemi Otedola Increases Stake in FirstHoldCo to 17.56% with N14.8 Billion Purchase

Nigerian businessman Olufemi Otedola has raised his stake in FirstHoldCo Plc to 17.56% by acquiring shares worth N14.8 billion. This move further solidifies his position in Nigeria's largest lender and reflects his growing influence in the banking sector.

The purchase was executed on December 18, 2025, driving a surge in market activity around the stock. Otedola's strategic accumulation of FirstHoldCo shares over the past two years has positioned him as a significant investor in the institution.

The investment coincides with his assertive international posture, emphasizing balance sheet discipline and ownership building in Nigeria's banking sector.