First HoldCo’s further 2,575,851,543 abnormal shares of fifty kobo every have been formally admitted to the Nigerian Change (NGX) Day by day Official Listing on Monday, January 5, 2026.
This was disclosed in a piece of the NGX weekly market report on inventory efficiency, addressed to Buying and selling License Holders and seen by BusinessTimes.
The admission follows a December 2025 non-public placement of three,276,923,077 abnormal shares at N32.50 every, of which 78.61% was subscribed.
What the info is saying
Based on the NGX report, the newly listed shares deliver First HoldCo’s complete absolutely paid items to 44,453,693,134 abnormal shares, up from 41,877,841,591.
- Consequently, the Group’s fairness capital has grown from N1.9 trillion to N2.04 trillion, primarily based on the present share worth of N46.10.
- The non-public placement provided 3,276,923,077 abnormal shares at N32.50 every, valued at N106.5 billion.
- Out of the shares provided, 2,575,851,543 items have been subscribed by 10 purposes, representing a 78.61% subscription fee.
The Securities and Change Fee (SEC) authorised the idea of allotment, and Meristem Registrars and Probate Providers Restricted has been mandated to credit score the CSCS accounts of profitable allottees by January 15, 2026.
The capital elevate was a part of the corporate’s technique to fulfill the N500 billion recapitalization threshold.
- Stories by BusinessTimes point out that First HoldCo’s flagship banking subsidiary, FirstBank, has met the CBN’s N500 billion regulatory capital requirement.
Extra on First HoldCo’s market and monetary efficiency
First HoldCo’s inventory is presently buying and selling at N46.10, with the market anticipating a robust efficiency in 2026 following its spectacular run in 2025.
- In 2025, the inventory gained 70.77%, rising from N28.05 in the beginning of the yr to N47.90 by December 31.
- Regardless of a gradual begin in H1 2025, which noticed the inventory dip to N26, momentum returned in H2, significantly in December, when the inventory surged 54.27%.
- On the monetary aspect, First HoldCo reported a N566.5 billion pre-tax revenue for the 9 months ended September 2025 — a 7.26% decline from N610.86 billion in the identical interval in 2024.
Core efficiency remained strong, nonetheless, with internet curiosity revenue after impairments leaping 72.48% year-on-year to N1.21 trillion, supported by rising rates of interest.
What it is best to know
BusinessTimes reported that First HoldCo was making ready for a significant capital elevate through non-public placement as a part of its strategic plans forward of potential regulatory modifications.
- The present itemizing affirms the conclusion of that capital elevate.
- First HoldCo continues to be one of the crucial actively watched shares on the NGX resulting from its dimension, efficiency, and systemic significance in Nigeria’s monetary sector.
- The corporate’s subsequent strikes are doubtless to attract shut consideration from traders, because it rides the momentum of 2025.