Inside the N323bn First HoldCo Deal: SEC Clears Path Amid Share Sale Controversies

Inside the N323bn First HoldCo deal: SEC clears path amid share sale controversies

The Nigerian Securities and Exchange Commission (SEC) has cleared the acquisition of 10.4 billion shares worth N323 billion by RC Investment Management.

SEC Clears ₦323.45 Billion First Holdco Off-Market Deal, Confirms Regulatory Compliance

The Securities and Exchange Commission (SEC) has confirmed it granted a “no objection” to the ₦323.45 billion off-market transaction involving over 10.4 billion shares of First Bank Holdings. In a statement released Thursday, the capital market regulator said the deal met all regulatory requirements and was executed in accordance with applicable laws. The transaction, which […] The post SEC Clears ₦323.45 Billion First Holdco Off-Market Deal, Co…

SEC Clarifies Position on First Holdco Transaction - InsideBusiness - Business News in Nigeria

The Securities and Exchange Commission (SEC) of Nigeria has issued a statement clarifying its regulatory stance on the recently concluded First Holdco Transaction, emphasising that all procedures were conducted in accordance with existing laws and regulations. The Commission confirmed that it granted a “no objection” approval for the transaction following a comprehensive review and full compliance with applicable regulatory requirements. SEC Nig…

First Holdco’s N323bn Transaction Complied with Rules - SEC - Voice of Nigeria Broadcasting Service

Nigeria’s apex capital market regulator, Securities and Exchange Commission (SEC), has said the N323 billion buyout deals involving two longstanding shareholders of First Holdco and an investment firm fully complied with all rules and regulations. Against the background of a media report insinuating a further enquiry by the SEC, the Commission stated that it had granted “no objection” to the transaction after it was satisfied that the transactio…

SEC approves N323.4bn share sale in FirstHoldCo by Otudeko, Hassan-Odukale to RC Investment Management

The Securities and Exchange Commission (SEC) has confirmed its approval of the landmark off-market acquisition of 10.43 billion shares in FirstHoldCo Plc by RC Investment Management Limited, marking a significant shift in the ownership structure of one of Nigeria’s largest financial holding companies. The transaction, which took place on July 16, 2025, on the Nigerian Exchange (NGX), involved a block trade valued at ₦323.4 billion, with shares s…

SEC speaks on First HoldCo Plc’s N323.4bn shares transaction

it was an automated compliance mechanism designed to promote transparency and ensure proper conclusion of large transactions within the mar