Otedola deepens First HoldCo investment with ₦18bn share purchase

Femi Otedola has raised his stake in First HoldCo Plc to 26.1% after acquiring 138.04 million additional shares worth ₦18.11 billion. According to TheCable, the purchase, made through Calvados Global Services Limited on August 6, follows Otedola’s earlier vow to expand his holding beyond 26%. First HoldCo’s stock hit an all-time high of ₦140 per share on Thursday, pushing its market value to ₦6.37 trillion.