The latest surge builds on Femi Otedola's return to the Forbes World's Billionaires list in March 2024 with a net worth of $1.4 billion...
Femi Otedola's aggressive investment in First HoldCo Plc has made him Africa's fastest-growing billionaire in 2026, highlighting how the turnaround of the parent company of FirstBank, Nigeria's oldest lender, has become the continent's biggest wealth creation story this year.
A BusinessDay analys
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Nigerian billionaire Femi Otedola has spent about $300 million buying bank shares this year raising his First HoldCo stake to 26% as he targets a 51% majority takeover
Nigerian billionaire Femi Otedola makes fresh $12 million move days after signalling plan to take majority control of Nigeria’s oldest banking giant
Otedola acquires N18bn First HoldCo shares, deepens control
Otedola acquires additional 138 million First HoldCo shares worth ₦18.1 billion
Femi Otedola Tightens Grip on Nigeria’s Oldest Bank, First HoldCo
Femi Otedola has spent about $300 million on First HoldCo shares in 2026, raising his stake to 26
