First HoldCo Plc has disclosed two insider transactions involving the purchase and sale of its ordinary shares.
In a notification dated December 17, 2025, the financial holding company informed the Nigerian Exchange Limited that Bowarol Investment Limited, a party related to the Group Managing Director, Mr. Adebowale Oyedeji, acquired 1 million ordinary shares of First HoldCo Plc.
The shares were purchased on December 16, 2025, at an average price of ₦33.96 per share, with the transaction executed on the Nigerian Exchange in Lagos.
In a separate insider disclosure, Mr. Ini Ebong, Deputy Managing Director of First Bank of Nigeria Limited, a subsidiary of First HoldCo Plc, sold 11,783,333 ordinary shares of the company.
The sale took place on December 12, 2025, at an average price of ₦31.14 per share, also on the Nigerian Exchange.
Both transactions involved the ordinary shares of First HoldCo Plc, identified by ISIN NGFBNH000009, and were disclosed in line with regulatory requirements governing insider dealings on the exchange.
The contrasting transactions highlight differing portfolio decisions by insiders within the group, with one related party increasing exposure to the holding company’s shares, while a senior executive reduced his stake during the same period.
First HoldCo Plc stated that the disclosures were made in compliance with Nigerian Exchange rules on transparency and insider trading. The notifications were signed by Abiola Baruwa, Group Company Secretary of First HoldCo Plc.