Nigerian billionaire investor Femi Otedola has acquired an additional N222.21 billion worth of shares in First HoldCo to further increase his majority stake in the financial holding company.Key Details of the AcquisitionInvestment Amount: N222.21 billion spent on additional stock purchases.New Stake: His total holding in the institution has risen significantly, reaching approximately 25.9%.Market Impact: The major transaction comes amid active trading and heightened investor interest on the Nigerian Exchange.As reported by Punch newspapers, “Otedola buys N222bn additional First HoldCo shares to boost stake.”
Nigerian billionaire investor Femi Otedola acquisition
July 30, 2026 · By Christy
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