Otedola increases stake in First HoldCo with major share purchases
Femi Otedola has significantly increased his investment in First HoldCo Plc, acquiring millions of shares through several high-value transactions. His latest purchase was executed on 14 August at N140 per share via Calvados Global Services Limited. Over the past months, Otedola has made a series of large acquisitions, bringing his total disclosed share purchases in 2026 to about N412bn. The aggressive buying has coincided with a rally in First HoldCo’s share price, drawing attention from investors.
TLDR
- Femi Otedola acquired 147.74 million shares in First HoldCo for N20.7bn through Calvados Global Services Limited on 14 August.
- In May, he bought 549.54 million shares for about N43.41bn, followed by 672.9 million shares worth N29.6bn in June.
- On 22 July, he acquired 706.13 million shares for approximately N77.58bn, and later that month, purchased 1.78 billion shares at a cost of about N222.21bn.
- In early August, Otedola bought another 138.04 million shares for N18.11bn.
- The stock closed at N140 on 17 August, after reaching an intraday high of N150 earlier in the month.
