Billionaire Femi Otedola, on Thursday, gave a further boost to his investment in First HoldCo Plc after a related firm acquired 1.77 billion ordinary shares valued at ₦222,208,962,502.4 in a single transaction on the Nigerian Exchange (NGX).
The share dealing notification dated July 30, 2026, and made available to Channels Television showed that the firm, Calvados Global Services Limited, related to the businessman who is also the chairman of First HoldCo Plc, purchased 1,779,094,976 units of shares at ₦124.90 per share on the Nigerian Exchange Limited.
The latest comes eight days after he acquired 706.13 million ordinary shares worth ₦77,589,693,948.52 in a single transaction on NGX.
It also comes months after Otedola acquired additional shares of First HoldCo Plc valued at approximately ₦43.41 billion.
The May 2025 transaction involved the purchase of 549,535,653 shares at an average price of ₦79 per share.
The businessman had in September 2025 increased his stake in the company with the purchase of 39,313,379 units valued at ₦1.21 billion.
Regarded as one of Nigeria’s biggest investors, Otedola became the chairman in October 2024.
He had in May 2026 announced plans to invest his $100 million Geregu power plant stake in the Dangote Refinery.
In March 2026, Forbes ranked him among the Africa Billionaires list, which also includes the founder of the Dangote Group, Aliko Dangote; Chairman of BUA Group, Abdulsamad Rabiu; and the founder of Globacom, Mike Adenuga.
