Femi Otedola, group chairman of First HoldCo Plc, has raised his stake in the financial holding company to 18.12 percent.
In the company’s unaudited consolidated and separate financial statements for the year ended December 31, 2025, released on Friday, Otedola’s combined direct and indirect shareholding stood at 8.02 billion shares.
The financial statements were signed by Adebowale Oyedeji, group managing director; Wasiu Shafe, acting chief financial officer; and Abiola Baruwa, group company secretary.
According to the shareholding structure, Otedola directly owns 3.25 billion shares, representing 7.31 percent of the company’s issued share capital.
He also holds an indirect stake of 4.8 billion shares, accounting for an additional 10.81 percent of the company.
His total shareholding therefore increased to 18.12 percent, up from 11.8 percent at the end of the 2024 financial year.
RC Investment Management Limited remains the single largest shareholder, holding 10.43 billion shares or 23.47 percent of the company’s issued share capital.
First HoldCo’s total issued share capital rose to 44.45 billion shares as of December 31, 2025, compared with 35.9 billion shares at the end of 2024.
The company’s free float declined to N1.24 trillion, representing 58.34 percent, from N800.07 billion, or 79.46 percent, in 2024.
First HoldCo stated that the free float level remains compliant with the Nigerian Exchange’s requirements for companies listed on the premium board.
In December 2025, Femi Otedola acquired additional shares in the company worth N14.8 billion.
