Otedola acquires First HoldCo shares worth over N43 billion

#1 · May 13, 2026, 2:54 pm

Olufemi Otedola, chairman of First HoldCo Plc, has further strengthened his position in the group following a fresh share acquisition valued at approximately N43.41 billion.

The acquisition, executed on the Nigerian Exchange on May 13, 2026, involved the purchase of 549,535,653 shares at an average price of N79 per share.

Consequently, Olufemi Otedola’s stake in First HoldCo Plc has climbed from 8,055,314,486 units reported in the FY 2025 audited accounts to 8,604,850,139 following the latest acquisition.

Meanwhile, heightened investor interest pushed trading activity sharply higher, with volume crossing 563 million shares by mid-trading as the stock’s year-to-date return advanced beyond 57%.

https://nairametrics.com/2026/05/13/femi-otedola-acquires-first-holdco-shares-worth-over-n43-billion/

#2 · May 13, 2026, 4:00 pm

Every time I see ‘Otedola acquires fresh shares,’ I just go to my portfolio and apologize to my small shares for not having a richer father.

#3 · May 13, 2026, 4:35 pm

57% return in five months? Crypto boys are surprisingly quiet right now. Real estate is shaking. Old-school banking stocks are showing them who the senior is.

#4 · May 13, 2026, 5:25 pm

First Bank has survived for over 130 years, but the last 3 years under this new leadership and Otedola’s influence have been the most dramatic. I love the energy!

#5 · May 13, 2026, 9:20 pm

N79 per share sounds expensive to a retail investor, but to a man looking for total control, it’s a bargain. He’s buying the future, not just the current price.

#6 · May 13, 2026, 10:05 pm

8.6 billion units. If he decides to collect N1 dividend per share, that’s N8.6 billion pure cash. That is how you build a dynasty. God when?

#7 · May 14, 2026, 12:25 am

While some are complaining about the economy, the ‘Billionaire Club’ is just moving assets from one pocket to another. Wealth doesn’t disappear; it just changes address.

#8 · May 14, 2026, 12:55 am

8.6 billion units of shares? At this rate, the ‘First’ in First Bank will soon stand for ‘Femi’. He is literally taking the whole building home.

#9 · May 14, 2026, 4:55 am

I remember when this stock was struggling. Ote came in, Geregu style, and turned the charts green. The man has the Midas touch for Nigerian equities.

#10 · May 14, 2026, 5:00 am

N43 billion on a Wednesday morning? Some people are playing Monopoly with real Naira while the rest of us are still calculating the price of a loaf of bread. Otedola is not on anyone’s level!

Headlines:

Otedola acquires First HoldCo shares worth over N43 billion

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