Anil Dua, a Non-Executive Director of First Bank of Nigeria Limited, has purchased 4.1 million ordinary shares of First HoldCo Plc for N369 million, according to a regulatory disclosure by the financial services group.
The transaction, which was executed on October 27, 2026 involved the purchase of the shares at N90 apiece. It comes as investors continue to monitor developments at the holding company and its banking subsidiary, including capital-raising efforts and other measures affecting the group’s financial position.
He had previously purchased 2,558,259 shares in the company at N69.56 in a deal worth N177.9m in May with the latest transaction further solidifying his position in the company.
The disclosure did not provide further details on Dua’s shareholding before the transaction or the percentage of First HoldCo he owns following the purchase.
Anil Dua
Veteran banker Anil Dua joined the board of First Bank of Nigeria Limited in March 2024 as an Independent Non-Executive Director to add more than five decades of experience in banking, risk management, trade finance, investment management and corporate governance to the institution.
Dua has previously served on the boards of Standard Chartered Bank in Ghana, Nigeria, Cameroon and Côte d’Ivoire. His other past board positions include Dangote GSP Offshore FZE, Seychelles International Mercantile Banking Corporation, Heirs Holdings Oil and Gas Limited, Matador Investment Management Limited and Africa Property Development Managers Limited.
He holds a Bachelor of Science degree with honours in Economics from the University of Delhi and a master’s degree in Economics from the Delhi School of Economics in India.
