Kayode TokedeThe Chairman of First Holdo Plc, Mr. Femi Otedola, has increased his stake in First Holdings, following his fresh acquisition of 138.04 million ordinary shares valued at about N18.11 billion. The billionaire investor in July 2026 had acquired additional 2,485,226,155 shares of the Group to hike its stake to 26 per cent. His latest acquisition and the impressive corporate earnings reported by the holding company, followed a strong rally in First HoldCo’s share price on the Nigerian bourse. Shares in the company have surged this week, gaining N15.85 per share or 12.23per cent Week-on- Week (WoW) to close yesterday, at N145.40 per share from N129.55 per share the stock closed for trading in July 2026. The latest move comes shortly after Otedola signalled plans to increase his stake beyond the current level.