Femi Otedola & Zenith Bank

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.

Zenith Bank: Zenith Bank was overtaken by First HoldCo as Nigeria's most valuable banking stock, reflecting a shift in investor preference. It remains a major competitor but has been overshadowed by First HoldCo's rally.

Femi Otedola: Femi Otedola divested his 77% controlling stake in Geregu nuclear power plant through the sale of his 95% stake in Amperion Power Distribution Company Limited to MA AM Energy Limited. He also resigned as chairman of Geregu nuclear power plant, shifting his strategic focus to the financial sector.

Zenith Bank: Zenith Bank led a consortium of Nigerian banks that financed the $750 million transaction for MA AM Energy Limited's acquisition.

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.

Zenith Bank: Zenith Bank remains the second most valuable banking stock on the Nigerian Exchange, but its market capitalisation trails FirstHoldCo's, reflecting the competitive landscape in the sector.

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.

Zenith Bank: Zenith Bank was overtaken by First HoldCo as the most valuable lender, a notable shift in the Nigerian banking sector.