Non-Executive Director of First Bank of Nigeria Limited, Anil Dua, has acquired 2.56 million ordinary shares of the company valued at about N177.9 million on the Nigerian Exchange Limited (NGX).
The acquisition was disclosed in a regulatory filing signed by the Group Company Secretary, Abiola Baruwa, and dated May 11, 2026, in compliance with insider trading notification regulations.
According to the filing, Dua purchased 2,558,259 ordinary shares at N69.56 per share, bringing the total transaction value to approximately N177.93 million.
First HoldCo confirmed that the shares acquired are ordinary shares identified by the ISIN code NGFBNH000009.
This insider purchase occurs amid heightened investor interest in banking stocks, driven by renewed market activity and strategic positioning within the financial services sector.
Analysts often interpret insider acquisitions as a positive indication of confidence from company leadership regarding the firm’s long-term prospects and profitability.
As the parent company of First Bank of Nigeria Limited and other financial subsidiaries, First HoldCo has been one of the most actively traded banking stocks on the Nigerian Exchange recently. Investors remain focused on the capital adequacy, profitability, and balance sheet robustness of tier-one banks. The company is chaired by Femi Otedola, with Adebowale Oyedeji serving as Group Managing Director.
