Femi Otedola Tightens Grip on Nigeria’s Oldest Bank, First HoldCo

Nigeria · DEALS Key Facts —The institution: First Bank of Nigeria was founded in 1894 and now operates under the holding company First HoldCo Plc, renamed from FBN Holdings in 2025. —Otedola’s stake: By late July 2025, Femi Otedola held 25.87 percent of First HoldCo, or 11.76 billion shares, after spending nearly 300 billion naira…