Tag: First HoldCo

BusinessBillionairesHot News

Nigerian billionaire Femi Otedola’s First HoldCo stake rises to $1.27 billion after latest share purchase

Femi Otedola’s First HoldCo stake rises to $1.27 billion after a N18.11 billion share purchase lifts his ownership to 26.1 percent.

Omokolade Ajayi Omokolade Ajayi
BusinessBillionairesHot News

Femi Otedola nears $2 billion on Forbes as people close to him value fortune above $3 billion

Femi Otedola closes in on $2 billion on Forbes, driven by a $1.13 billion First HoldCo stake, while insiders value his net worth above $3 billion.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

Femi Otedola targets 51% stake in First HoldCo after record N6 trillion market cap

Femi Otedola plans to raise his First HoldCo stake to 51 percent after the lender became Nigeria’s first bank to reach a N6 trillion market cap.

Omokolade Ajayi Omokolade Ajayi
FirstHoldco HQ Marina, Lagos
BusinessHot News

First HoldCo starts $1 billion share offer after CBN approval

First HoldCo begins its $1 billion share offer after CBN approval as it seeks fresh capital for banking and financial services growth.

Timilehin Adejumobi Timilehin Adejumobi
BusinessHot News

First HoldCo leans on trading gains, lower loan losses as core income weakens in H1 2026

First HoldCo leans on trading gains and lower loan losses as core income weakens, raising concerns about earnings sustainability.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Femi Otedola
Hot NewsBillionairesBusiness

Femi Otedola buys $57 million more First HoldCo shares, stake nears $900 million

Nigerian billionaire Femi Otedola has acquired 706 million additional First HoldCo shares, lifting his stake to 21.95 percent in the lender.

Omokolade Ajayi Omokolade Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
Hot NewsBusiness

Femi Otedola-led First HoldCo posts $473 million half-year pre-tax profit

Femi Otedola-led First HoldCo posted $473.8 million in half-year pre-tax profit as stronger fee income and lower credit losses lifted earnings.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola’s First HoldCo stake tops $700 million as shares hit record high

Femi Otedola's First HoldCo stake surpasses $700 million as the lender's shares hit a record high ahead of half-year earnings.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola takes First HoldCo shares worth over $30 million at nearly 40% discount

Femi Otedola boosts his First HoldCo stake to 20.42 percent after acquiring shares valued at over $30 million at a nearly 40 percent discount.

Omokolade Ajayi Omokolade Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola tightens grip on First HoldCo with $31.7 million share purchase after $233 million Q1 profit

The latest investment adds another chapter to Femi Otedola’s repositioning from oil and commodities into banking.

Omokolade Ajayi Omokolade Ajayi