Nigerian billionaire Femi Otedola acquires additional FirstHoldCo shares worth $31.6 million, lifting his stake to 19.36%
Billionaires Africa | 13.05.2026 23:40
Nigerian billionaire Femi Otedola spent N43.41 billion ($31.6 million) buying an additional 549,535,653 FirstHoldCo shares on the Nigerian Exchange on Tuesday, executing the largest single stock purchase of his chairmanship tenure and pushing his combined direct and indirect stake in Nigeria's oldest bank to 8,604,850,139 shares, or approximately 19.36% of the company's issued capital.
