Nigerian billionaire Femi Otedola's stake in First HoldCo is now worth $420 million
Femi Otedola now holds 9.27 billion shares in First HoldCo worth N575 billion, cementing his position as the bank's largest individual shareholder.
First HoldCo Plc
Billionaire Femi Otedola owns more of FirstHoldCo than fellow bank chairmen Elumelu, Aig-Imoukhede or Ovia ever did
Femi Otedola now owns 20.42 percent of FirstHoldCo, more than any sitting Nigerian banking chairman, and the comparison with Elumelu, Aig-Imoukhede and Ovia tells a compelling story.
Billionaire Femi Otedola buys 680 million more FirstHoldCo shares and tightens his grip with a 20.42 percent stake
Femi Otedola has acquired approximately 680 million FirstHoldCo shares through its recently completed N45 billion private placement, lifting his total stake to 20.42 percent.
Nigerian billionaire Femi Otedola completes London Business School programme
Nigerian billionaire Femi Otedola, who dropped out of high school at 17 without completing his A-Levels, has completed an executive programme at London Business School at 63.
First HoldCo shareholders approve billionaire Femi Otedola's N1 trillion capital plan at today's AGM in Lagos
FirstHoldCo shareholders approved the N253 billion capital raise at today's 14th AGM, clearing the path for Femi Otedola's N1 trillion paid-up capital target for First Bank of Nigeria.
Nigerian billionaire Femi Otedola will invest $100 million in Dangote Refinery
Nigerian billionaire Femi Otedola announced a $100 million investment in the Dangote refinery during a high-profile executive visit to the Lagos facility on Wednesday.
Africa's richest man hosts billionaire Femi Otedola and First HoldCo executives at his Lekki refinery
Aliko Dangote hosted Femi Otedola and First HoldCo executives at the Dangote Petroleum Refinery in Lekki on Wednesday, with both sides framing the visit as a signal of African industrial alignment.
Femi Otedola pushes his First HoldCo stake toward 20% with a fresh N43 billion purchase
Femi Otedola has made a fresh N43 billion open-market purchase of First HoldCo shares, his biggest single acquisition since taking the chairman's seat in 2024.
Nigerian billionaire Femi Otedola acquires additional FirstHoldCo shares worth $31.6 million, lifting his stake to 19.36%
Femi Otedola has spent N43.4 billion buying 549.5 million more FirstHoldCo shares, lifting his total stake to 19.36% in his biggest single purchase since becoming chairman in January 2024.
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's First HoldCo is targeting a N1 trillion capital base as it moves to reshape Nigerian banking
FirstHoldCo is seeking shareholder approval to raise N253 billion in fresh capital as it pushes toward a N1 trillion paid-up capital base.
Nigerian billionaire Femi Otedola makes $36.5 million in paper gains in one day as First HoldCo surges 10% on record Q1 results
FirstHoldCo surged nearly 10% on the NGX after Q1 profit jumped 72%, adding N49.6 billion in paper gains to Femi Otedola's 18.12% stake in a single session.
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
Billionaire investor Femi Otedola signals painful reset as First HoldCo rebuilds its future
Femi Otedola says rebuilding First HoldCo will involve tough disruptions as the group resets its balance sheet and positions for long term stability.
Nigerian billionaire Femi Otedola now owns 18.12% stake in First HoldCo
Femi Otedola has raised his combined stake in First HoldCo to 18.12%, adding to his influence in a major banking group.
Nigerian billionaire Femi Otedola’s First HoldCo joins Microsoft to expand innovation in Africa
Femi Otedola’s First HoldCo partners with Microsoft to expand innovation and technology solutions across Nigeria and Africa.