Anil Dua buys First HoldCo shares worth 119,000 dollars as insider purchase rides bank rally
Anil Dua, a non-executive director on First Bank of Nigeria's board, has bought 2.56 million First HoldCo shares worth N177.9 million ($119,000).
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Anil Dua, a non-executive director on First Bank of Nigeria's board, has bought 2.56 million First HoldCo shares worth N177.9 million ($119,000).
Femi Otedola's FirstHoldCo rises from the ashes with a 72% profit jump in Q1 2026, overtaking GTCO and Access Holdings to become Nigeria's 2nd most profitable bank
Otedola is known for building corporate juggernauts in the energy, shipping, real estate and finance sectors.
Otedola remains one of Nigeria’s wealthiest businessmen, who has conquered industries ranging from banking to oil and gas.
A bank run has started at First Bank of Nigeria after a recent scandal concerning its board of directors and the Central Bank.
The Central Bank has dissolved the defunct board of First Bank of Nigeria, expelling Honeywell Group founder Obafoluke Otudeko and Ibukun Awosika as chairpersons.
The Central Bank of Nigeria has dissolved the board of First Bank, citing insider abuse.
The Central Bank of Nigeria has queried First Bank over its abrupt removal of CEO Adesola Adeduntan.