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First HoldCo - Page 2

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

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

Business·Top Stories

First HoldCo’s Shareholders Lose N67bn After Report Of Oba Otudeko’s Impending Exit

First HoldCo’s shareholders lost over N67 billion on Friday, June 13, amid reports that two majority investors in the company, Oba Otudeko and the Leadway Assurance/Olukayode Odukale bloc, plan to sell off their stakes in the company. According to a report on

June 13, 2025

Business·Top Stories

N625bn Interest Income Fails To Save First HoldCo From 17% Decline In Profit

First HoldCo has released its financial statements for the first quarter (Q1) of 2025, disclosing that the company grew its interest income by 40.15 percent year-on-year from N446.14 billion to N625.28 billion. The company’s interest income grew faster than interest expense, which

May 12, 2025

Business·Top Stories

Femi Otedola Loses N27.8bn As Investments In First HoldCo, Geregu Fall

Femi Otedola, the chairman of Geregu Power and First HoldCo, has lost a total of N27.8 billion year-to-date, according to an analysis of his stock market investments by Prime Business Africa. The billionaire started the year with a net worth of N2.36

May 9, 2025

Business·Top Stories

First HoldCo’s Profit Up By 118% As FX Loss Drops To N64.94bn

The gross earnings of First HoldCo increased to N3.21 trillion in 2024, which is 105.70 per cent higher than the N1.56 trillion the company reported the previous year. According to First HoldCo’s separate and consolidated financial statements for the year ended December

April 22, 2025

Business·Top Stories

Femi Otedola’s Investment In First HoldCo Now N104bn – After Buying 2.2bn Shares

The value of investment Femi Otedola, Nigerian billionaire, has in First Bank of Nigeria (FBN) parent company, First HoldCo, is N104.15 billion as of April 17. According to an analysis of his shares in the financial institution by Prime Business Africa, Otedola

April 21, 2025

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First HoldCo - Page 2

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

First HoldCo’s Shareholders Lose N67bn After Report Of Oba Otudeko’s Impending Exit

N625bn Interest Income Fails To Save First HoldCo From 17% Decline In Profit

Femi Otedola Loses N27.8bn As Investments In First HoldCo, Geregu Fall

First HoldCo’s Profit Up By 118% As FX Loss Drops To N64.94bn

Femi Otedola’s Investment In First HoldCo Now N104bn – After Buying 2.2bn Shares

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