First HoldCo Plc, Nigeria's largest lender, plans to raise approximately $1 billion through a share sale after receiving approval from the Central Bank of Nigeria.

Femi Otedola, Chairman of First HoldCo Plc, has increased his shareholding in the company to 21.96 percent by acquiring an additional 706.13 million shares valued at N77.58 billion.

First HoldCo Plc announced significant financial growth, with gross earnings reaching N3.4 trillion for the full year ended December 31, 2025. The company also sustained strong revenue momentum, increasing gross earnings to N942 billion in the first quarter of 2026.