Nigerian billionaire Femi Otedola saw the value of his stake in First HoldCo climb to approximately $530 million on July 15, 2026, following a major increase in share prices.
The stock rose by the maximum permitted daily limit of 9.98% to close at a record high of N79.35 on the local stock exchange.
This latest price rally has further solidified the position of the businessman as the single largest shareholder in the parent company of First Bank of Nigeria.
The recent stock market performance reflects strong investor confidence ahead of the company's upcoming second-quarter earnings release scheduled for July 24, 2026.
This anticipation follows an impressive first-quarter financial report, which showed a profit before tax of N321.1 billion or roughly $231 million.
