NGX admits additional 2.57billion FirstHoldCo shares, expanding market liquidity
The Nigerian Exchange Limited (NGX) has admitted an additional 2.57 billion ordinary shares of First HoldCo Plc (FirstHoldCo) to its Daily Official List, marking another significant development in Nigeria’s capital market. The newly listed shares were admitted following the completion of a corporate action by the financial holding company, further strengthening its equity base and expanding its presence on the Exchange.
This latest admission increases FirstHoldCo’s total issued and fully paid shares, reinforcing investor confidence in the group while also enhancing liquidity within the Nigerian equities market.
New FirstHoldCo Shares Now Tradable
According to a market bulletin released by the NGX, the additional 2.57 billion shares are now fully tradable, meaning investors can buy and sell them alongside existing FirstHoldCo shares. The admission takes immediate effect, reinforcing NGX’s ongoing push to deepen market liquidity and support capital market growth.
FirstHoldCo, the holding company of First Bank of Nigeria Limited, remains one of the most actively followed stocks in the banking sector, making this listing a closely watched event among investors, analysts, and fund managers.
Impact on Market Capitalisation and Trading Activity
The addition of 2.57 billion shares is expected to affect FirstHoldCo’s market capitalisation, depending on prevailing share prices. With more shares now in circulation, analysts anticipate heightened trading activity in the stock, especially in the near term as investors rebalance their portfolios.
Large-volume listings like this typically attract attention from institutional investors, pension funds, and foreign portfolio investors who prioritize liquidity and scale.
Regulatory Green Light Secured
The listing followed approvals from relevant regulatory authorities, including the Securities and Exchange Commission (SEC), ensuring full compliance with listing rules and disclosure standards. This regulatory clearance is critical in maintaining investor confidence and protecting market integrity.
Banking Sector Signal
Beyond FirstHoldCo, this move sends a broader signal across Nigeria’s banking sector, highlighting how financial institutions are actively restructuring and strengthening their capital bases to navigate economic headwinds and regulatory expectations.
Such developments underscore a maturing capital market where transparency, compliance, and scale are increasingly prioritized.
In Conclusion: The admission of 2.57 billion additional FirstHoldCo shares on the NGX is a major market event that investors cannot ignore. As trading activity picks up and market participants digest the implications, attention will remain firmly on how the stock performs in the days ahead.
For now, all eyes are on FirstHoldCo—and the market is officially in motion.
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