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First HoldCo profit surges 82% as assets top ₦30trn

First HoldCo delivered its strongest half-year on record, but a closer look at the numbers raises questions about what is driving the gains.

Hillary RemyJul 20, 20261 min read
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News

First HoldCo profit surges 82% as assets top ₦30trn

First HoldCo delivered its strongest half-year on record, but a closer look at the numbers raises questions about what is driving the gains.

Hillary RemyJul 20, 2026
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Nigerian Breweries closed unchanged at ₦75.00 on a day when First HoldCo alone commandeered nearly half of all NGX trading value, raising fresh questions about investor conviction ahead of the brewer’s July 27 earnings report.

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First HoldCo hits 52-week high amid the NGX gloom

First HoldCo posted three consecutive near-limit-up sessions while blue chips across the Nigerian Exchange cratered by 10%, and one billionaire’s bet crossed $641 million in the process.

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