Metro
Otedola Increases Stake in First HoldCo via ₦222.2 Billion Share Acquisition
Calvados Global Services Limited, a company tied to billionaire investor and Board Chairman, Mr Olufemi Otedola, has acquired a stake in First HoldCo Plc valued at over ₦222.2 billion on the Nigerian Exchange Limited. According to an official Notification of Share Dealing by an Insider filed on Thursday, July 30,……
Calvados Global Services Limited, a company tied to billionaire investor and Board Chairman, Mr Olufemi Otedola, has acquired a stake in First HoldCo Plc valued at over ₦222.2 billion on the Nigerian Exchange Limited.
According to an official Notification of Share Dealing by an Insider filed on Thursday, July 30, 2026, on the exchange, the transaction involved the purchase of 1,779,094,976 ordinary shares. The shares were bought at a price of ₦124.90 per unit, bringing the total investment to approximately ₦222.208bn.
The transaction took place in Lagos on the Nigerian Exchange Limited, further consolidating the position of the significant shareholder within the financial holding company.
The filing, signed by the Group Company Secretary, Abiola Baruwa, identified Calvados Global Services Limited as a ‘Company Related to a Significant Shareholder – Mr Olufemi Otedola, CON’.
READ ALSO: Otedola Raises Stake in First HoldCo with N14.8bn Shares
TVC News Online reports that Otedola on Wednesday, July 22, 2026, bought N77.589bn worth of First HoldCo shares at N109.88 each.
This latest acquisition also comes months after Otedola acquired additional shares of First HoldCo Plc valued at approximately ₦43.41 billion. On June 30, a Non-Executive Director of First Bank of Nigeria Limited, Anil Dua, also acquired 1,300,000 units of First HoldCo shares at N58.7 each. The transaction was valued at N76.310m.
This high-volume purchase signals strong insider confidence in the future valuation and operational health of First HoldCo.
2027: ‘Peter Obi’s Logic Is Short-Term Turnover Unlike Tinubu Who Thinks Of Next Generation’ – Oshiomhole
“Courts Must Guard Their Independence, Impartiality And Integrity” — NDC Warns After Atiku’s Candidacy Is Nullified
‘He’s closest to Lionel Messi’ – Rashford names player to win more Ballons d’Or than Cristiano Ronaldo
Power Outage: Tegbe assures Nigerians of swift restoration as electricity disruptions hit Lagos, Abuja
“Every Item Has Been Recovered” — Viral CCTV Helps Trace Lagos Photographer’s Stolen Equipment As Wedding Files Remain At Risk
Investigate hijab controversy in Nigerian law schools immediately- MURIC to Council of Legal Education
Jesus de Miguel’s death: ‘He’d never intentionally hurt anyone’ – Owono’s team-mate defends goalkeeper
“Leadership Must Emerge Through Lawful Process, Not Imposition” — Bala Gombe Commends Justice Lifu Over ADC Judgment
US travel ban on Supreme Court Justices based on misinterpreted judgment – Retiring Justice Aji clarifies
Oyedepo, Adeboye own private jets, universities because Obasanjo allocated oil wells to them – Madugba
Yobe IPAC crisis deepens as sacked chairman, secretary reject impeachment
Yobe IPAC crisis deepens as sacked chairman, secretary reject impeachment
Flamingos conquer Japan to win historic first U-17 Women’s World Cup title
2026 U-17 WWC: Ajibade hails Flamingos after historic triumph
2026 U-17 WWC: Ajibade hails Flamingos after historic triumph
EPL: They trust him – Walcott names Arsenal player who really impresses him
2026 U-17 WWC final: Nigerians react as Flamingos beat Japan to win trophy
NNPC: Gas network not responsible for drop in electricity generation – The Witness Nigeria
JUST IN: Nigeria beat Japan to become first African nation to win U-17 Women’s World Cup – The Witness Nigeria
EPL: Man Utd in relegation places ahead of Aston Villa clash
Metro7 days ago“Publishing His Name Is Subject To The Final Outcome Of A Court Order” — INEC Leaves Gwarzo Off Updated Kano Governorship List
- Metro7 days ago
“The Election Must Hold As Scheduled” — INEC Chairman Rules Out Postponement Of 2027 General Elections
- Metro7 days ago
“Sowore’s Whereabouts Remain Unknown” — Armed Men Allegedly Abduct AAC Presidential Candidate In Ado-Ekiti, Damage Vehicles And Restaurant
- Metro7 days ago
“They Beat Me Like A Criminal” — Sowore Recounts Ekiti Attack As Govt Denies Involvement, Calls For Police Investigation
- Metro7 days ago
“21 Exotic Vehicles Affected, No Life Lost” — LASEMA Confirms Lagos Mechanic Workshop Fire, Averts Disaster At Nearby Filling Station
- Viral6 days ago
FLUTTERWAVE’S CYPRUS EXIT: BANK OF CYPRUS OBJECTION TRIGGERS TOTAL WRITE-OFF OF 100% SUBSIDIARY, AUDITED ACCOUNTS REVEAL
- Metro7 days ago
“November 7 Local Government Elections Will No Longer Hold” — Imo Electoral Commission Postpones Poll Indefinitely
- Metro5 days ago
“Nigeria Cannot Afford To Fail In 2027” — UNOWAS Urges Peaceful Elections As NHRC Warns Against Electoral Offences
