Billionaire businessman, Femi Otedola, has increased his stake in First HoldCo Plc. to 18.12 percent as of December 31, 2025, from 11.8 percent at the end of the 2024 financial year.
Otedola’s combined direct and indirect shareholding in First HoldCo Plc stood at 8.02 billion shares, according to unaudited consolidated and separate financial statements for the year ended December 31, 2025, released on Friday, January 30, 2026.
The financial statements were jointly signed by the Group Managing Director, Adebowale Oyedeji; acting Chief Financial Officer, Wasiu Shafe; and the Group Company Secretary, Abiola Baruwa.
According to the shareholding structure, the chairman directly holds 3.25 billion shares, representing 7.31 percent stake of the company’s issued share capital.
Otedola also has an indirect holding of 4.8 billion shares, accounting for an additional 10.81 percent stake.
Meanwhile, the report showed that RC Investment Management Limited is the single largest shareholder, with 10.43 billion shares, representing a 23.47 percent stake in the company.
Compared with 35.9 billion shares at the end of 2024, First HoldCo’s total issued share capital rose to 44.45 billion shares as of December 31, 2025.
At the end of the period, 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 added that the free float level remains in compliance with the Nigerian Exchange’s (NGX) requirements for companies listed on the premium board.
Otedola had acquired additional shares in the financial holding company worth N14.8 billion in December 2025.
Otedola expanded his stake in the company with the acquisition of additional 64,878,668 shares valued at N2.01 billion in September 2025.