Femi Otedola & FirstBank of Nigeria
9 shared events · Importance 5 · Last updated Aug 18, 2026
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Business
Femi Otedola: As chairman and largest shareholder, Otedola is the driving force behind the stake accumulation and corporate turnaround. His continued buying signals strong conviction and has boosted the stock, enhancing his personal wealth.
FirstBank of Nigeria: As the main subsidiary of First HoldCo, First Bank has been recapitalised and cleaned up under Otedola's leadership. Its improved performance and capital position underpin the group's re-rating.
Jan 10, 2022 · 89 articles
Business
Femi Otedola: Femi Otedola, Chairman of FirstHoldCo, played a key role in presenting and securing shareholder approval for the capital raise, articulating the strategic vision for the N1 trillion capital target.
FirstBank of Nigeria: FirstBank of Nigeria is the flagship banking subsidiary of FirstHoldCo, and its parent company's capital raise will further strengthen its position, already having met the Nigeria — Central Bank of Nigeria's minimum capital requirement.
May 29, 2026 · 6 articles
Business
Femi Otedola: As chairman and largest shareholder, Otedola's aggressive share purchases are driving the event, increasing his stake to 27.5% and signaling confidence in the bank's future.
FirstBank of Nigeria: As the main subsidiary of First HoldCo, the bank's prospects are enhanced by the parent's strong performance and Otedola's confidence.
Aug 06, 2026 · 7 articles
Business
Femi Otedola: Femi Otedola increased his stake in FirstHoldCo to 25.88% through two major share purchases in July 2026, reinforcing his position as the largest shareholder and signalling strong insider confidence in the company's prospects.
FirstBank of Nigeria: As the parent entity of FirstHoldCo, FirstBank of Nigeria is a key beneficiary of the group's market valuation surge, reflecting improved financial health and investor confidence in its operations.
Aug 03, 2026 · 7 articles
Business
Femi Otedola: As chairman, Femi Otedola championed the dividend policy and has increased his stake, reinforcing his influence and confidence in the group's direction.
FirstBank of Nigeria: FirstBank of Nigeria, the main subsidiary, benefits from the group's recapitalisation and improved capital adequacy, supporting its operations and growth.
Jul 30, 2026 · 6 articles
Business
Femi Otedola: As Chairman, Femi Otedola praised the results as a turning point, affirming the board's strategic decisions.
FirstBank of Nigeria: FirstBank, a subsidiary, restored its capital adequacy ratio to 16.7% ahead of schedule, reflecting effective recapitalization and strengthening its financial position.
Jul 20, 2026 · 6 articles
Regulatory
Femi Otedola: As largest shareholder of First HoldCo Plc, Otedola's interests are tied to the recovery of the debt owed to First Bank subsidiaries.
FirstBank of Nigeria: Parent of FBNQuest and First Trustees, First Bank is indirectly affected through its subsidiaries' exposure to Nestoil's debt.
Aug 17, 2026 · 6 articles
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