Billionaire investor Femi Otedola has increased his stake in First HoldCo Plc after acquiring additional shares valued at ₦14.8 billion, lifting his ownership in the financial holding company to more than 18 per cent.
The transaction was disclosed in a notice signed by Abiola Baruwa, group company secretary, and filed with the Nigerian Exchange Group (NGX) on Thursday.
According to the filing, the shares were acquired through Calvados Global Services Limited, an investment firm linked to Otedola.