Businessman Femi Otedola has expanded his investment in First HoldCo Plc after acquiring an additional 147.74 million shares in the financial services group for N20.7 billion.
The latest acquisition further increases Otedola's stake in the company and reinforces his position as a major investor in First HoldCo.
The transaction represents another significant investment by the businessman in Nigeria's financial services sector.
Otedola has continued to increase his exposure to First HoldCo through share purchases, signalling sustained confidence in the group's long-term prospects.
The latest acquisition is expected to attract attention within Nigeria's capital market, particularly among investors monitoring major shareholder movements in the financial sector.
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