Otedola buys N77.6 billion-worth of First HoldCo shares, taking stake near 22%
READ ALSO: Billionaire, Femi Otedola, among writers shortlisted for BCA African Business Book 2026 First HoldCo, which became Nigeria’s most valuable bank stock on Monday, is looking to inject the cash raised from the programme into First Bank of Nigeria Limited, its commercial banking division, as part of its capital restoration plan and broader balance sheet strengthening programme.
First HoldCo is nursing ambitions to beef up its paid-up capital to N1 trillion, having secured shareholders’ approval at its last annual general meeting in May.4 billion shares simultaneously offloaded by Oba Otudeko and Oye Hassan-Odukale, two of First HoldCo’s top shareholders at the time, in the course of a single-day trade.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
