Otedola Boosts First HoldCo Stake With Fresh ₦222bn Acquisition

Billionaire investor and First HoldCo Chairman Femi Otedola has significantly increased his stake in the financial services group after acquiring an additional 1.779 billion shares valued at approximately ₦222.2 billion. The transaction, disclosed in a regulatory filing submitted to the Nigerian Exchange (NGX), was executed through Otedola’s investment vehicle, Calvados Global Services Limited. The latest…

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nigerian stock market

Nigerian Stock Market Becomes World’s Best Performer as Investors Gain ₦962 Billion

Nigeria’s stock market has climbed to the top of the global rankings after overtaking South Korea to become the world’s best-performing equity market in 2026, delivering another strong trading session that added ₦962 billion to investors’ wealth. The Nigerian Exchange (NGX) extended its remarkable rally as renewed buying interest in major banking, consumer goods and…

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