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First HoldCo

The equity market closed in positive territory for the second time this week as stocks rose by 0.04%. Investors traded N15.07bn worth of shares.

Nigerian Stock Market Cap Rises By N305bn To N154.44trn

August 27, 2026

The Nigerian Exchange (NGX) said the market capitalisation of the bourse increased by N305.55 billion to N154.44 trillion on Thursday, from N154.13 trillion on Wednesday. According to the NGX, the all-share index

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NGX Resumes Trading With N259bn Loss, Records Over N34bn Deals

August 26, 2026

There was a pullback in the Nigerian Exchange (NGX) on Wednesday, after the stock market returned from Tuesday’s public holiday, which was observed to mark the Eid ul Mawlid. The NGX said

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Nigerian Stock Market Cap Plunges By N684bn, Traders Reduce Transactions To N23bn Deals

August 24, 2026

Over N684.67 billion was lost in the Nigerian Exchange (NGX) on Monday, with the market capitalisation of the stock market declining to N154.39 trillion, from N155.08 trillion on Friday. Also, the all-share

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Why Femi Otedola’s Investment In First HoldCo Declined After Increasing Stake With N12bn Share Acquisition

August 24, 2026

Femi Otedola, the chairman and majority shareholder in First HoldCo Plc, has acquired 95.69 million shares of the financial institution on Monday, as the billionaire aims for 51 percent controlling stake. In

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NGX Extends Decline With N555bn Loss As Traders Increase Trading To N37bn Deals

August 19, 2026

On Wednesday, the market capitalisation of the Nigerian Exchange (NGX) closed at N155.41 trillion, below the N155.97 trillion recorded on Tuesday. This represents a N555.67 billion loss, which was driven by the

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

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Femi Otedola Increases Investment In First HoldCo To N1.68trn After Acquiring N20bn Shares

August 17, 2026

Femi Otedola, the chairman of First HoldCo, the parent company of First Bank of Nigeria (FBN), has acquired more shares in the financial institution, as the businessman strengthens his control over the

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NGX Market Cap Down By N606bn, Traders Seal N50bn Deals

August 14, 2026

On Thursday, the Nigerian stock market extended its downward trend following a sell-off in International Energy Insurance, John Holt, among others. The sell-off wiped off N606.68 billion from the Nigerian Exchange (NGX),

NGX Market Cap Down N958bn After Losses In Aradel, Regal Insurance

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Over N1.76trn Lost In Eight Hours Amid Decline In NGX Transactions

August 12, 2026

The Nigerian Exchange (NGX) reported that the market capitalisation of the bourse dropped to N157.48 trillion on Wednesday, down by N1.76 trillion compared to Tuesday’s N159.25 trillion. NGX said the all-share index

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Nigerian Bourse Valuation Rises Above N160trn — First Time Since May

August 10, 2026

The value of transactions increased in the Nigerian Exchange (NGX) on Monday, with the market capitalisation of the bourse rising above N160 trillion for the first time since May. According to the

FBN Holding Appoints Otedola As Chairman Days After Return To Forbes African Billionaires

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Otedola Acquires N18bn First HoldCo Shares, Inches Closer To Triggering SEC’s Mandatory Takeover Rule

August 7, 2026

Femi Otedola, the chairman of First HoldCo, has increased his stake in the financial institution from 25.88 percent to 26.17 percent, after raising his shares in the company by 1.17 percent on

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Stock Market Cap Plummets By N1trn Amid Losses In Lasaco, Tripple Gee Investments

July 30, 2026

The market capitalisation of the Nigerian Exchange (NGX) fell by N1 trillion to N158.33 trillion on Thursday, compared to the N159.34 trillion recorded on Wednesday. Also, the all-share index (ASI) plummeted to

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Is Femi Otedola Planning Mandatory Takeover Of First HoldCo?

July 30, 2026

Femi Otedola, the chairman of First HoldCo, has been busy in the Nigerian Exchange (NGX), known as the stock market, acquiring over 3.70 billion shares in the last seven months. The increase

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Over N647bn Wiped Off NGX As Traders Cut Deals To N33bn

July 29, 2026

The Nigerian Exchange (NGX) said the market capitalisation of the bourse declined to N159.34 trillion on Wednesday. NGX data showed that the market capitalisation dropped by N647.99 billion from the N159.99 trillion

First Bank Changes Names Of Its Subsidiaries In UK, Some Sub-Saharan African Countries

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How First HoldCo Grew Profit By 122% — Despite Lending Income Falling 14%

July 28, 2026

First HoldCo recorded N693.59 billion in interest income in the second quarter (Q2) of 2026, compared to the N812.12 billion generated in Q2 2025, representing a 14.59 percent decline. Interest income is

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Nigerian Stock Market Records N1.5trn Gain, First HoldCo Leads Transactions

July 23, 2026

The market capitalisation of the Nigerian Exchange (NGX) settled at N159.82 trillion at the close of trading on Thursday. NGX reported that the market capitalisation increased by N1.55 trillion from the N158.31

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Five Best-Performing Bank Stocks In Q2 2026

July 23, 2026

Only five banks in the banking industry recorded an increase in their shareholders’ investments between April and June 2026, with six financial institutions experiencing a decline during the period under review. According

International Energy Insurance, Zichis Agro Among Losers As NGX Loses N440bn

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Nigerian Bourse Valuation Drops To N158bn, Traders Transact N118bn Deals

July 22, 2026

The Nigerian stock market closed downward on Wednesday, after the market capitalisation of the Nigerian Exchange (NGX) dropped to N158.31 trillion. According to the NGX, the market capitalisation of the Nigerian bourse

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Over N306bn Gained As NGX Market Cap Rises To N159trn

July 21, 2026

At the close of trading on Tuesday, the Nigerian Exchange (NGX) market capitalisation increased to N159.11 trillion, from Monday’s N158.81 trillion. The N306.80 billion increase was driven by a 475.6 basis points

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

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First HoldCo Takes Top Spot, Zenith Drops On Nigeria’s Most Valuable Bank List

July 21, 2026

Zenith Bank lost its top spot on the list of the most valuable banks in the Nigerian stock market on Monday after First HoldCo’s market capitalisation increased by N434.28 billion. According to

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Nigerian Stock Market Rebounds With N849bn Gain As Traders Exchange N42bn Shares

July 17, 2026

The Nigerian stock market closed on a high on Friday, after the market capitalisation settled at N157.05 trillion, compared to Thursday’s N156.20 trillion. This represents a N849.28 billion growth in the Nigerian

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NGX Investors Increase Trading To N34.87bn Shares, Market Cap Dips N32bn

July 16, 2026

The all-share index (ASI) contracted marginally by 221.14 basis points on Thursday, leading to the market capitalisation of the Nigerian Exchange (NGX) declining by N32.15 billion. According to data obtained from the

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Legend Internet Among NGX Gainers, International Breweries Makes Losers’ List

July 15, 2026

Over N390.31 billion was added to the market capitalisation of the Nigerian Exchange (NGX) on Wednesday, while First HoldCo and Legend Internet made the gainers’ list. The gain increased the market capitalisation

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First HoldCo, Learn Africa Lead Nigerian Stock Market Recovery With N720bn Gain

July 14, 2026

The market capitalisation of the Nigerian Exchange (NGX) increased by N720.58 billion to N155.84 trillion on Tuesday. According to the NGX, the stock market capitalisation rose from the N155.12 trillion recorded on

Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

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NGX Cap Rises To N156trn, Now World’s Best-Performing Stock Market

July 9, 2026

The Nigerian Exchange (NGX) said the market capitalisation of the stock market increased by N961.74 billion to N156.54 trillion on Thursday. According to the NGX data, the market capitalisation grew from N155.58

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Femi Otedola acquires N29bn shares in First HoldCo

June 19, 2026

Femi Otedola, the chairman of First HoldCo, has increased his stake in the parent company of First Bank to 20.42 percent after acquiring N29.6 billion worth of shares through a private placement.

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Airtel Africa, First HoldCo Gains Raise Nigerian Stock Market Cap By N635bn

June 9, 2026

The Nigerian Exchange (NGX) said the market capitalisation of the stock market closed at N156.94 trillion on Tuesday, up from the N156.30 trillion reported on Monday. According to the NGX data, the

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Tony Elumelu, Mike Adenuga, Femi Otedola… Five Least Performing Investments Held By Bank Major Investors

June 1, 2026

Tony Elumelu, the chairman of United Bank for Africa (UBA), and Mike Adenuga, the majority shareholder in Sterling Financial Holdings Company, are on the list of the least performing investments held by

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First HoldCo Shareholders’ Investment Value Declines After Otedola Announced Interest In Dangote Refinery

May 21, 2026

The investment value of First HoldCo shareholders declined on Wednesday after Femi Otedola, the chairman of the company, announced his interest in acquiring a stake in Dangote refinery. According to the analysis

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Femi Otedola Parts With N43bn To Tighten Control Over First HoldCo

May 14, 2026

Femi Otedola, the chairman of First HoldCo, has tightened his control over the financial institution by increasing his shareholding in the company. Otedola spent N43.41 billion to acquire 549.53 million shares of

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Equity Investors Gain N860bn As Stock Market Value Rises To N141trn

April 22, 2026

Over N860.89 billion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Wednesday, April 22. The gain raised the stock market’s valuation up to N141.38 trillion, from

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NGX Market Cap Hits N130trn, First HoldCo, Cadbury Among Gainers

Trading closed with a 0.16 percent increase in the all-share index (ASI) on Monday, April 7, while the market capitalisation increased by N208.64 billion. The ASI expanded by 324.21 basis points, appreciating to 202,023.1 index, from 201,698.89 index recorded on Thursday, April

April 7, 2026

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NGX Market Cap Rises By N2.36trn To N117trn

Following a 3,687.45 basis points increase in the all-share index, the market capitalisation of the Nigerian Exchange (NGX) increased by N2.36 trillion on Friday, February 13. The index had increased to 182,313.08 ASI, from the 178,625.63 ASI recorded on Thursday, February 12.

February 13, 2026

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

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NGX Records Sluggish Growth As Market Cap Rises By N9.12bn

Trading was sluggish in the Nigerian Exchange (NGX) on Monday, February 2, as the all-share index (ASI) expanded slightly by 14.23 basis points. The ASI closed at 165,384.63 index, up from the 165,370.4 ASI reported on Friday, January 30. Consequently, the market

February 2, 2026

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Femi Otedola’s Investment In First HoldCo Now N362.48bn

Femi Otedola, the chairman of First HoldCo, has increased his stake in the financial institution by 6.32 percent, from 11.8 percent held at the end of 2024 to 18.12 percent as of December 31, 2025. In the company’s unaudited consolidated and separate

February 2, 2026

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First HoldCo Absorbs ₦748bn Loan Losses, Says Balance Sheet Now Stronger for Recapitalisation Drive

First Bank Holding Company (First HoldCo) has said its decision to recognise ₦748 billion in legacy bad loans in one sweep has placed the group on a stronger footing ahead of the Central Bank of Nigeria’s (CBN) planned banking sector recapitalisation, despite

January 31, 2026

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Stanbic IBTC Rises, Access Holdings Drops… Six Nigerian Banks Worth Over N1trn

The number of commercial banks valued at over N1 trillion on the Nigerian Exchange (NGX), also known as the stock market, increased to six at the end of 2025, up from five at the start of the year. Out of 11 commercial

January 26, 2026

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Five Bank Shares That Gave Nigerians Highest Return On Investments In 2025

In 2025, shareholders of 10 commercial banks out of 11 listed on the Nigerian Exchange (NGX), also known as the stock market, recorded a combined gain of N4.81 trillion, according to Prime Business Africa’s analysis. The companies are Wema Bank, Stanbic IBTC,

January 20, 2026

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Stock Investors Increase Trade Value To N134.47bn On NGX, Financial Industry Top Activities

Over 7.82 billion shares worth N134.47 billion were exchanged in 150,799 deals on the Nigerian Exchange (NGX) between Monday, December 29, and Wednesday, December 31. The NGX, also known as the Nigerian stock market, opened for trading for three days due to

January 2, 2026

Business News

First HoldCo Earns N2.29trn From Interests, Records 7% Drop In Profit

Between January and September 2025, First HoldCo generated N2.29 trillion as interest income, which grew by 40.37 percent from the N1.63 trillion recorded in the same period in 2024. In the company’s financial statement for the period ending September 30, 2025, First

December 23, 2025

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Otedola Buys 369.98m First HoldCo Shares — After Taking Out N14.8bn From Geregu Investment

Femi Otedola, the chairman and majority shareholder of First HoldCo, has increased his stake in the financial institution by buying 369.98 million shares on Thursday, December 18. According to First HoldCo’s notification of share dealing by an insider, Otedola paid N14,82 billion,

December 19, 2025

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