Nigerian billionaire Femi Otedola's First HoldCo completes $32.8 million capital raise
Billionaires Africa | 18.06.2026 16:19
First HoldCo Plc, the banking group chaired by Nigerian billionaire Femi Otedola, has completed the second tranche of its private placement programme, raising N45 billion ($32.8 million) at N44.06 ($0.032) per share and pushing the group closer to a self-imposed N1 trillion ($729.4 million) capital target for its flagship subsidiary, First Bank of Nigeria.
