First HoldCo
Coverage of First HoldCo in the Nexus archive.
- Nigeria’s Top Bank Offers $1 Billion Shares Held by Bridge Firm
First HoldCo Plc plans to raise 1.4 trillion naira ($1 billion) through a share sale after receiving approval from the Central Bank of Nigeria. The move involves shares held by a bridge firm and is the first such effort by the nation’s largest lender.
- First HoldCo to pay 60% of annual profit as dividends
First HoldCo announced a 60% dividend payout of its annual profit, reflecting directors' confidence in improved earnings, capital strength, asset quality, diversified revenue, and a strong growth outlook.
- Otedola acquires 1.78 billion First HoldCo shares, lifts stake to 25.86%
Otedola acquired 1.78 billion First HoldCo shares, representing 3.91% of the company's outstanding shares, increasing his stake to 25.86%. The transaction was reported by Premium Times Nigeria.
- Nigeria’s Biggest Bank Sees Profit Surge After Recapitalization
First HoldCo Plc, Nigeria’s biggest lender by market value, forecasts a profit increase this year following a capital injection that strengthened its balance sheet, reduced costs, and improved loan recoveries.
- Otedola buys N77.6 billion-worth of First HoldCo shares, taking stake near 22%
Otedola purchased N77.6 billion-worth of First HoldCo shares, increasing his stake to nearly 22%. This move brings him close to RC Investment, which holds the largest stake at 22.94%.
- Otedola acquires N29.6 billion shares in First HoldCo, taking his stake to 20.4%
Mr. Otedola acquired N29.6 billion shares in First HoldCo through the second tranche of a N350 billion private placement, increasing his stake to 20.4%.