Nigerian billionaire investor, Femi Otedola, has increased his stake in FirstHoldCo Plc following an additional share purchase valued at ₦14.8 billion. The move further strengthens his position as one of the most influential shareholders in the financial holding company, which oversees First Bank of Nigeria and other subsidiaries.

Market filings show that the latest transaction involved the acquisition of a significant volume of shares on the Nigerian Exchange. This comes months after Otedola first emerged as a major shareholder, a development that sparked renewed investor confidence in the group and its long-term growth prospects.

Analysts believe Otedola’s continued investment signals strong confidence in FirstHoldCo’s restructuring efforts, improved corporate governance, and future profitability. His growing influence is also expected to shape strategic decisions aimed at boosting efficiency and shareholder value.

With this latest share purchase, Otedola has reinforced his commitment to Nigeria’s financial sector, at a time when investors are closely watching reforms and leadership changes within major banks. Market watchers say the move could positively impact FirstHoldCo’s stock performance in the medium to long term.