FirstHoldCo Chairman Femi Otedola Increases Stake in Deal Valued at N1.21 Billion

Femi Otedola Files N1bn Libel Suit Against Umar Sani Over Subsidy Fraud Claims
Femi Otedola Files N1bn Libel Suit Against Umar Sani Over Subsidy Fraud Claims

FirstHoldCo Plc Group Chairman, Femi Otedola has increased his stake in the company. He purchased 39,313,379 units valued at N1.21 billion.

According to a disclosure on the Nigerian Exchange (NGX), the transaction was dated September 23, 2025. The purchase was at a share price of N31 per unit,

Similarly, Calvados Global Services Limited, a company related to Femi Otedola, also acquired 25,565,289 ordinary shares worth N792.5 million. This transaction was at the same price

Otedola previously held a direct stake of 3,212,032,866 units (7.67%) and an indirect stake of 3,465,560,297 units (8.28%). which has now risen to a direct shareholding of 3,251,346,245 units (7.77%), and indirect holdings of 3,491,125,586 units (8.34%).

 

Share this article

Receive the latest news

Subscribe To Our Newsletter

Get notified about new articles