The acquisition comes as First HoldCo’s market valuation surges on the back of strong financial results, robust investor confidence and growing expectations around the group’s transformation under its current leadership. Such a move would represent a significant expansion of Otedola’s influence over one of Nigeria’s oldest and most prominent financial institutions. His growing stake has also become a major talking point among investors, particularly as First HoldCo continues to post strong market and financial performance. The performance has helped transform investor sentiment around the stock, with First HoldCo emerging as one of the strongest performers in Nigeria’s banking sector. Shares hit fresh N150 recordFirst HoldCo’s stock has delivered a dramatic rally over the past year.