Ini Ebong, Deputy Managing Director of First HoldCo’s banking subsidiary, First Bank of Nigeria Restricted, has acquired shares price N533.64 million.
A submitting by First HoldCo exhibits that the transaction was executed on 19 December 2025, with 12 million shares bought at N44.47 per share.
The deal, recognized by the code NGFBNH000009, contributed to the day’s 52.1 million buying and selling quantity and continues a current streak of share purchases within the inventory.
What the current dealings say
The transaction follows current share purchases, led by a N14.8 billion acquisition by Calvados World Providers Restricted, linked to majority shareholder Femi Otedola, on 18 December 2025.
In that deal, Mr. Otedola acquired 369,986,122 shares of First HoldCo at N40.06 per share, driving buying and selling quantity to 385.6 million shares for the day.
- Earlier transactions included a N2 billion acquisition by an organization linked to First Bank Chairman, Mr. Ebenezer Olufowose, and a N33.96 million buy by an entity related to Group Managing Director, Mr. Adebowale Oyedeji.
The next day, 19 December 2025, Calvados returned to the market with one other buy valued at N453.3 million, lifting Mr. Otedola’s oblique holding to 9.24%, alongside a direct stake of seven.76%.
On the identical day, Anil Dua, a Non-Government Director on the board of First HoldCo’s banking subsidiary, acquired 6,703,900 shares price N307.1 million.
These transactions adopted the discharge of the corporate’s nine-month monetary ends in late October 2025 and seem to have fueled bullish sentiment in First HoldCo’s shares on the Nigerian Alternate.
Value motion
First HoldCo has surged over 48% month-to-date, closing at N46 per share as of buying and selling on 22 December 2025.
This yr alone, the inventory has returned greater than 63% to shareholders, with December shaping as much as be its strongest month up to now in 2025.
The corporate’s shares started buying and selling at N28.05 on the Nigerian Alternate, closing January within the inexperienced at N29.95.
Nevertheless, the inventory slipped from February, reaching N25 by Might earlier than recovering to N26 in June, setting the stage for a bullish second half.
A bullish second half
Firm shares gained momentum in July with a 24% surge, pushing the worth to N32.25.
Nevertheless, August noticed milder good points, closing 0.78% at N32.50 on a market quantity of 334 million shares.
From September by November, whipsaw value motion created a pretty entry level at N31.05 per share, which buyers possible capitalized in December.
Up to now this month, over 752 million shares have traded, making December the best buying and selling month in H2 2025.
The share value has jumped from N31 to N46 as of twenty-two December 2025, highlighting sturdy bullish sentiment within the inventory.
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