Otedola Pours Additional ₦18.1 Billion Into First HoldCo via Calvados as Share Price Touches Record Highs

Billionaire investor and Board Chairman Mr. Olufemi Otedola, CON, has further expanded his controlling position in First HoldCo Plc through an ₦18.1 billion ($13.3 million) open-market share purchase, according to an insider dealing notification filed with the Nigerian Exchange (NGX) on August 7, 2026.

The acquisition, executed on August 6, 2026, through Otedola’s primary investment vehicle Calvados Global Services Limited, comprised 138,041,465 ordinary shares at an average price of ₦131.20 per share.

FirstHoldCo stock traded as high as ₦146 per share on Friday in Lagos, giving it a market caopitalisation of ₦6.63 trillion.

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