Nigeria’s billionaire business man Femi Otedola has raised his equity stake in FirstHoldCo, the parent company of First Bank Nigeria Limited with recent share purchase deal valued at about N2billion.
According to Nigerian Exchange Limited (NGX) filings, Otedola on September 23 bought 39,313,379 shares at N31 per share; deal valued at N1.21billion.
Also the same day and at the same price of N31 per share, Calvados Global Services Limited, a company related to Otedola, acquired 25,565,289 ordinary shares worth N792.5 million.