Billionaire Femi Otedola's First HoldCo is targeting a N1 trillion capital base as it moves to reshape Nigerian banking
Billionaires Africa | 11.05.2026 17:04
Femi Otedola's FirstHoldCo is not stopping at N500 billion. The company that controls Nigeria's oldest commercial bank has told shareholders it wants to raise another N253 billion in fresh capital, with the target a N1 trillion paid-up base that would put it in a category of its own among Nigerian lenders and, Otedola argues, where it needs to be.
