Billionaire Femi Otedola's First HoldCo stake hits $641 million as shares hit record high
Femi Otedola's stake in First HoldCo climbed to about $641 million after the Nigerian bank's shares surged 9.97% to a record N95.95 on Friday.
First Bank of Nigeria
Nigerian billionaire Femi Otedola's First HoldCo completes $32.8 million capital raise
Femi Otedola's First Bank has completed a N45 billion ($32.8 million) private placement tranche as FirstHoldCo moves toward a shareholder approved N1 trillion capital base.
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).
Billionaire Femi Otedola executes a surgical turnaround as First HoldCo profit rockets 72% in Q1 2026 to $233 million, overtaking GTCO, UBA and Access Holdings
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
Nigeria’s oldest bank confirms billionaire Femi Otedola’s acquisition of $54.2-million stake
Otedola is known for building corporate juggernauts in the energy, shipping, real estate and finance sectors.
Nigerian billionaire Femi Otedola acquires significant stake in First Bank of Nigeria Holdings
Otedola remains one of Nigeria’s wealthiest businessmen, who has conquered industries ranging from banking to oil and gas.
Controversy over First Bank of Nigeria’s clash with regulator stirs bank run
A bank run has started at First Bank of Nigeria after a recent scandal concerning its board of directors and the Central Bank.
Honeywell Group releases statement on recent First Bank loan controversy
The Central Bank has dissolved the defunct board of First Bank of Nigeria, expelling Honeywell Group founder Obafoluke Otudeko and Ibukun Awosika as chairpersons.
Central Bank of Nigeria dissolves First Bank board, expels Oba Otudeko
The Central Bank of Nigeria has dissolved the board of First Bank, citing insider abuse.
Nigeria’s First Bank fires CEO without regulatory approval
The Central Bank of Nigeria has queried First Bank over its abrupt removal of CEO Adesola Adeduntan.