Nigeria, Feb. 13 -- First Holdco Plc's outstanding financial performance and anticipated fundraising have kept investors clamoring for shares. Over the last three months, the stock has become the second most traded on the Nigerian Exchange (NGX), and it has performed the best among tier-one bank stocks so far this year.

Having outperformed several blue-chip stocks in year-to-date (YTD) returns, First Holdco has solidified its position in the capital market with a 142% increase in profit before tax to N862 billion and gross earnings, topping N3.33 trillion in 2024.

The stock price increased 17.65% year-to-date as of February 7, 2025, from N28.05 at the end of 2024 to N33 at the beginning of 2025.

The upward trend is a reflection of the ...