Nigeria: Otedola Acquires Additional 138 Million First Holdco Shares Worth ₦18.1 Billion

Mr Otedola now holds approximately 11.9 billion shares in the financial institution, valued at about ₦1.74 trillion based on the company’s share price of ₦146.20 as of 12:35 p.m. (WAT) on 7 August.

Femi Otedola, chairman of First HoldCo Plc, has acquired an additional 138 million shares in the financial services group, valued at about ₦18.1 billion.

The transaction was announced on Friday in a regulatory filing signed by the group’s Company Secretary, Abiola Baruwa.

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