Nigerian billionaire Femi Otedola increased his stake in First Bank Holdings to 11.63%, becoming the largest shareholder.

Nigerian billionaire Femi Otedola, Chairman of First Bank Holdings, increased his stake in the company to 11.63% after acquiring an additional 2.22% shares, making him the largest shareholder. This follows his recent purchase of N18.9 billion worth of shares, solidifying his position in the financial services firm. Over the past three years, Otedola has invested N102 billion in FBN Holdings shares.

June 24, 2024
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