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    Tuesday, May 19
    Analysis

    FirstHoldco Dips by 10% Amidst Missed Regulatory Filing

    Olu AnisereBy Updated:No Comments1 Min Read
    FirstHoldco Dips by 10% Amidst Missed Regulatory Filing
    FirstHoldco

    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

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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