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First HoldCo

Otedola, First HoldCo Shareholders’ Investments On Decline Since Otudeko’s Exit

Since Oba Otudeko, the former chairman of First HoldCo and second-largest investor, exited the company unceremoniously, the financial institution’s share value has depreciated by N2.9 kobo, erasing N121.44 billion from shareholders’ investment value. Reports had circulated on July 17 that Otudeko had

August 25, 2025

Business·Top Stories

Five Bank Majority Shareholders Lost N49.43bn In H1 2025

Five majority shareholders in the banking industry lost N49.43 billion in the first half (H1) of 2025, after the share prices of their banks plunged. The five majority shareholders, comprising Ladi Balogun, Mike Adenuga, Femi Otedola, Muhammadu Indimi and late Herbert Wigwe,

August 6, 2025

Business·Top Stories

First HoldCo’s Profit Drops By 25% To N116bn In Q2 2025

Between April and June 2025, First HoldCo generated N812.12 billion in interest income, surpassing the N501.54 billion recorded in the second quarter (Q2) of 2024, representing an increase of 61.92 percent. The growth in turnover overshadowed the 27.65 percent increase recorded in

July 31, 2025

Business·Top Stories

Femi Otedola, First HoldCo Shareholders Lose N60.72bn After Otudeko Exits Lender

Femi Otedola, the chairman of First HoldCo, the parent company of First Bank, and the shareholders of the group, lost over N60.72 billion on Friday, July 18, a day after reports emerged that Oba Otudeko, a major investor, has exited the company.

July 18, 2025

Business·Top Stories

Stock Market Extends Upward Movement With N823.49bn Gain

On Friday, July 18, the stock market capitalisation of the Nigerian Exchange Limited (NGX) closed at N83.24 trillion, up by N823.49 billion from N82.41 trillion reached on Thursday, July 17. The equity capitalisation was lifted by the 1,301.8 basis points gained by

July 18, 2025

Business·Top Stories

Gains Recorded By First HoldCo, BUA Cement, Others Add N833bn To NGX

Over N833 billion was added to the equity capitalisation of the Nigerian Exchange Limited (NGX) on Thursday, July 17, as the all-share index (ASI) expanded by 1,316.78 basis points. The addition raised the Nigerian stock market capitalisation to N82.41 trillion from N81.58

July 17, 2025

Business·Top Stories

Oba Otudeko Exits First HoldCo, Sells Off Shares

The former chairman of First Bank, Oba Otudeko, has exited First HoldCo, as he partook in 17 deals to trade 10.43 billion shares, worth N323.45 billion, on Wednesday, July 16. According to reports, the shares were sold to First Securities Ltd, through

July 17, 2025

Business·Top Stories

Nigerian Stock Market Cap Rises By N1.44trn As First HoldCo Records N324bn Trades

After trading on Wednesday, the stock market capitalisation grew to N81.58 trillion, from N80.14 trillion, as First HoldCo records N324.47 billion trades. The market capitalisation increased by N1.44 trillion, while the all-share index (ASI) expanded by 4,520.28 basis points to 128,967.08 ASI,

July 16, 2025

Business·Top Stories

Oba Otudeko’s Investment In First Bank Parent Company Drops By N6.82bn

The value of investment held by Oba Otudeko in First HoldCo, the parent company of First Bank, has dropped by N6.82 billion within the first half (H1) of 2025, according to Prime Business Africa’s analysis. Otudeko, who was First HoldCo’s chairman before

July 4, 2025

Business·Top Stories

Access Holdings Drops, Stanbic IBTC Rises On Nigeria’s Trillion-Naira Bank List

The number of banks worth over a trillion naira in the stock market has increased from five to seven on Wednesday, June 25, as Fidelity Bank joined the list after its market capitalisation hit N1 trillion at the end of trading. According

June 26, 2025

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First HoldCo

Otedola, First HoldCo Shareholders’ Investments On Decline Since Otudeko’s Exit

Five Bank Majority Shareholders Lost N49.43bn In H1 2025

First HoldCo’s Profit Drops By 25% To N116bn In Q2 2025

Femi Otedola, First HoldCo Shareholders Lose N60.72bn After Otudeko Exits Lender

Stock Market Extends Upward Movement With N823.49bn Gain

Gains Recorded By First HoldCo, BUA Cement, Others Add N833bn To NGX

Oba Otudeko Exits First HoldCo, Sells Off Shares

Nigerian Stock Market Cap Rises By N1.44trn As First HoldCo Records N324bn Trades

Oba Otudeko’s Investment In First Bank Parent Company Drops By N6.82bn

Access Holdings Drops, Stanbic IBTC Rises On Nigeria’s Trillion-Naira Bank List

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