First HoldCo Plc has disclosed that Anil Dua, a Non-Executive Director of First Bank of Nigeria Limited, acquired 2,558,259 ordinary shares of the company in a transaction executed on the Nigerian Exchange Limited.
The disclosure, signed by Group Company Secretary Abiola Baruwa and dated May 11, 2026, was filed in line with insider dealing notification requirements.
According to the filing, the shares were purchased at N69.56 per share, bringing the total value of the transaction to about N177.93 million.
The transaction was conducted on May 11, 2026, on the floor of the Nigerian Exchange Limited.
First HoldCo stated that the acquired shares are ordinary shares under the ISIN code NGFBNH000009.
The latest insider purchase comes amid growing investor attention on banking stocks following renewed market activity and positioning across the financial services sector.
Market analysts often view insider share purchases as a signal of management or board confidence in a company’s long-term outlook and earnings potential.
First HoldCo, the parent company of First Bank of Nigeria Limited and other financial subsidiaries, has remained one of the most actively traded banking stocks on the Nigerian Exchange in recent months as investors continue to monitor capital position, profitability and balance sheet strength across tier-one lenders.
The company is chaired by Femi Otedola, while Adebowale Oyedeji serves as Group Managing Director.
