FirstHoldco shares surge as billionaire Femi Otedola raises stake to 20.4%

FirstHoldco share price rally market capitalisation Femi Otedola Nigeria banking sector

Nigerian financial services firm FirstHoldco saw its shares climb 38.7% in the week ending 17 July 2026, propelling the banking index up 9.3% and boosting the market's total capitalisation by roughly N612 billion to N157.06 trillion. The rally was led by FirstHoldco and FidelityBank, while the broader NGX All‑Share Index slipped 0.14%.

During the same period, billionaire investor Femi Otedola increased his ownership of FirstHoldco to 20.40% as of 30 June 2026, up from 18.12% three months earlier. His combined holdings rose to 9.28 billion shares—3.25 billion direct and 6.03 billion indirect—reflecting an addition of about 1.22 billion shares since March. The increase occurred alongside a rise in the company's issued share capital to 45.48 billion shares.

Sources

First HoldCo Overtakes Zenith, GTCO as Nigeria’s Most Capitalized Banking Stock [thepodiummedia.com]

10 days ago

FirstHoldco emerges investors' toast as market capitalisation gains N612bn | Worldstage News [www.worldstagenews.com]

11 days ago

FirstHoldCo emerges Nigeria’s most capitalized banking stock with N4. 8 trillion ahead of Zenith, GTCO [encomium.ng]

11 days ago

First HoldCo Posts N526. 13bn H1 Profit As Interest Income Surges [newtelegraphng.com]

11 days ago

Unilever Nigeria raises interim dividend fourfold amid slight increase in half-year profit [www.premiumtimesng.com]

10 days ago

Otedola Increases First HoldCo Ownership To 20. 4% [thewhistler.ng]

11 days ago

Otedola increases First HoldCo ownership to 20. 4% as H1 earnings fuel stock rally [nairametrics.com]

11 days ago