First Holdco Plc advanced by about 12.8 per cent on the Nigerian Exchange as investor sentiment strengthened ahead of the company’s fourth-quarter 2025 earnings release.
The non-operating holding company of First Bank of Nigeria Limited has continued to enjoy a sustained re-rating after its chairman and other directors raised their equity stakes in the final quarter of 2025.
These insider purchases have drawn increased interest from investors seeking to align themselves with expectations that the recapitalised financial institution will intensify efforts to improve earnings performance.
Market activity in the stock marks a reversal from the heightened volatility that dominated trading in 2025.
The rally gathered momentum following renewed buying interest after the company’s largest shareholder, billionaire investor Femi Otedola, increased his holdings in the Marina-headquartered financial institution.
Price movements have been characterised by intermittent profit-taking, a pattern suggesting that some valued and potentially influential shareholders are consolidating their positions alongside Otedola as he steps up investment in the banking sector.
According to data from the Nigerian Exchange, First Holdco closed at N52 per share on Friday, supported by strong weekly trading volumes ranging from 6.655 million to 230.36 million shares.
The stock recorded a rally-driven performance throughout the week. It opened at N46.1 and ended Friday’s session with a gain of 12.78 per cent.
The price increase lifted the market capitalisation of First Holdco’s 44.453 billion outstanding shares to approximately N2.311 trillion.
At the current share price, First Holdco Plc is trading at less than a 6 per cent discount to its highest valuation over the past 52 weeks.
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