The Digest:
Billionaire businessman and chairman of First HoldCo Plc, Femi Otedola, has significantly increased his stake in the financial holding company with the acquisition of shares worth N14.8 billion. According to a corporate disclosure filed with the Nigerian Exchange Group, the purchase raises his total ownership to over 18 percent.
Key Points:
- Billionaire Femi Otedola has acquired additional First HoldCo shares worth N14.8 billion
- The shares were purchased through his investment vehicle, Calvados Global Services Limited
- Otedola acquired 369,986,122 units at N40.06 per share on December 18, 2025
- This transaction increases his total stake in the company to over 18 percent
- It follows a previous acquisition of N2.01 billion worth of shares in September 2025
- The disclosure was formally filed with the Nigerian Exchange Group (NGX)
- Otedola also serves as the Chairman of Geregu Power Plc
Sources: The Cable, Business Day
