Nigeria, Jan. 31 -- Femi Otedola, the Chairperson of First HoldCo Plc, has raised his stake in the financial services group to 18.1 per cent, according its unaudited financial report for 2025 released on Friday.

The billionaire tycoon's direct shareholding in the entity stood at 7.3 per cent or 3.3 billion shares as of 31 December 2025, while his indirect interest came to 10.8 per cent or 4.8 billion shares.

Altogether, his combined stake sums up to 8.06 billion shares.

Earlier in December, Mr Otedola acquired 370 million shares at N40.1 each in the bank holding company, putting the value of the transaction at N14.8 billion.

He purchased the shares through Calvados Global Services Limited, his special purpose acquisition vehicle, acco...