First HoldCo Plc has confirmed that its Group Chairman and influential shareholder, Mr. Olufemi Otedola, has further strengthened his stake in the financial services group through a fresh round of share acquisitions. Otedola purchased 39,313,379 additional units of the company’s stock, bringing the total value of his latest investment to about ₦1.21 billion.
The disclosure, officially filed with the Nigerian Exchange (NGX), indicated that the transaction was executed in Lagos on September 23, 2025. Each share was bought at ₦31, under the identification code NGFBNH000009.
The move further underscores Otedola’s commitment to deepening his influence in the holding company and consolidating his long-term position as one of its leading investors.
In a related development on the same day, Calvados Global Services Limited, a company closely linked to Otedola, also expanded its holding by acquiring 25,565,289 ordinary shares.
The acquisition was valued at ₦792.5 million and was executed at the same share price of ₦31, under the same NGX transaction code.
Market analysts believe these transactions demonstrate Otedola’s confidence in the future growth potential of First HoldCo Plc.
His consistent accumulation of shares is seen as a strategic step not only to strengthen his personal portfolio but also to signal stability and investor confidence in the company’s governance and direction.