Nigerian billionaire Femi Otedola's First HoldCo stake hits $530 million at record close
Billionaires Africa | 15.07.2026 22:05
Femi Otedola's stake in First HoldCo climbed to about $530 million (N737 billion) on Wednesday after the Nigerian lender's shares surged the maximum permitted 9.98% to a record closing high of N79.35 ($0.057), leading the gainers on the country's stock exchange and rewarding a bank the billionaire has spent two years buying.
