Oba-one here, wo! First HoldCo Plc just saw its share price climb 10% on Friday, closing at N144.10, according to Nairametrics. The jump follows an unaudited nine‑month report showing a 60.84% year‑on‑year rise in profit before tax to N911.24 billion, and profit after tax up 65.11% to N744.45 billion. The stronger fee and commission income, gains from financial instruments and lower impairment charges helped offset weaker net interest income, Nairametrics notes. The market cap now sits around N6.5 trillion, and billionaire Femi Otedola’s stake has risen to roughly 26.71%. While the stock still sits below its yearly high of N165, the 10% gain after a recent pull‑back shows investors are comot body for the recovery. With other banks like UBA and Access still waiting on regulator clearance, First HoldCo’s results stand out in a sector feeling earnings pressure as interest rates ease. What do you think, sure guys – is this a sign that the banking sector is finally turning the corner, or just a short‑term hype? Share your take!
Source: https://nairametrics.com/2026/10/23/first-holdco-shares-gain-10-after-nine-month-profit-surge/