Reports reaching Nairametrics indicate that the recent off-market trade involving 10.43 billion shares of FirstHoldCo, valued at N323.4 billion, was executed by RC Investments Ltd, a Special Purpose Vehicle (SPV) linked to Renaissance Capital.
The share sale, which took place on July 16, 2025, confirms the exit of Oba Otudeko’s Barbican Capital from the financial holding company.
The transaction, priced at N31 per share across 17 negotiated deals, represents approximately 25% of FirstHoldCo’s outstanding shares. It has since triggered a rally in the stock, which closed at N32.20 per share following the announcement.
