Femi Otedola has raised his First HoldCo stake to 20.42% after a N45 billion ($32.8m) placement, deepening his grip on Nigeria's oldest bank.

First HoldCo Plc (“FirstHoldCo” or “the Group”) hereby notifies the Nigerian Exchange Limited (NGX), its shareholders, and the investing public that it has successfully completed…

Femi Otedola has raised his First HoldCo stake to 20.42% after a N45 billion ($32.8m) placement, deepening his grip on Nigeria's oldest bank.

Nigeria’s billionaire businessman, Femi Otedola, who is the chairman of First HoldCo Plc has raised his controlling stake in the company...