First HoldCo’s further 2,575,851,543 strange shares of fifty kobo every had been formally admitted to the Nigerian Trade (NGX) Every day Official Listing on Monday, January 5, 2026.
This was disclosed in a bit of the NGX weekly market report on inventory efficiency, addressed to Buying and selling License Holders and seen by Nairametrics.
The admission follows a December 2025 non-public placement of three,276,923,077 strange shares at N32.50 every, of which 78.61% was subscribed.
In accordance with the NGX report, the newly listed shares deliver First HoldCo’s complete totally paid models to 44,453,693,134 strange shares, up from 41,877,841,591.
The Securities and Trade Fee (SEC) authorised the idea of allotment, and Meristem Registrars and Probate Companies Restricted has been mandated to credit score the CSCS accounts of profitable allottees by January 15, 2026.
The capital increase was a part of the corporate’s technique to satisfy the N500 billion recapitalization threshold.
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.
Core efficiency remained strong, nonetheless, with internet curiosity earnings after impairments leaping 72.48% year-on-year to N1.21 trillion, supported by rising rates of interest.
Nairametrics reported that First HoldCo was making ready for a serious capital increase by way of non-public placement as a part of its strategic plans forward of potential regulatory adjustments.
