FirstHoldco Dips by 10% Amidst Missed Regulatory Filing
First Holdco’s share price dipped by 10% as investors trimmed holdings in the group amidst a missed regulatory filing on the Nigerian Exchange.
Investors sell down shares in First Holdco amidst the Q1 earnings festival on the Nigerian Exchange. The share price of the non-operating company of FirstBank of Nigeria Limited declined to N67.50 on Monday after a fast-and-furious rally that permeated the local bourse the previous week.
Supported by bargain hunting, First Holdco’s share price had surged to N75. First Holdco slumped as 18.462 million units of the group’s outstanding shares, valued at N1.265 billion, were traded on the local bourse, led by sell-side market actors.
Hence, the market value of First Holdco’s 44.453 billion outstanding shares declined 10% on the day to N3 trillion, 15.5% below its 52-week high in the local bourse.
The regulator has tagged the banking group ticker as the market is still awaiting the release of First Holdco’s audited financial statements for 2025. The group released unaudited financials in January 2026, reporting a significant decline in profitability. CardinalStone Raises GTCO Target Price to N159.65
