Dangote Refinery raises $1 billion at $39 billion valuation ahead of IPO
Dangote Petroleum Refinery is raising $1 billion through a private placement at a $39.1 billion valuation with demand already exceeding $2 billion ahead of its pan-African IPO.
Femi Otedola
Senator Abdulaziz Yari to chair first Geregu Power AGM after $750 million buyout of Otedola's stake
Senator Abdulaziz Yari chairs his first Geregu Power AGM on June 30, six months after a $750 million deal handed Nigeria's most valuable listed power company to a new owner.
Nigerian billionaire Femi Otedola gave $14 million to charity in 2019 and just explained why he has no regrets
Nigerian billionaire Femi Otedola revisited his record $14 million donation to Save the Children and explained why he measures wealth by lives changed not money accumulated.
First HoldCo shareholders approve billionaire Femi Otedola's N1 trillion capital plan at today's AGM in Lagos
FirstHoldCo shareholders approved the N253 billion capital raise at today's 14th AGM, clearing the path for Femi Otedola's N1 trillion paid-up capital target for First Bank of Nigeria.
FirstHoldCo shareholders vote today on billionaire Femi Otedola's $725 million capital plan for First Bank
FirstHoldCo shareholders gather today for their 14th AGM to vote on raising N253 billion ($183.4 million) in fresh capital toward a N1 trillion ($724.6 million) paid-up base championed by Femi Otedola.
Billionaire Femi Otedola says he sold his Geregu Power stake to buy $100 million worth of Dangote Refinery shares
Femi Otedola confirmed he sold his Geregu Power stake to fund a $100 million investment in the Dangote Petroleum Refinery IPO as demand for the offering approaches $2 billion.
Nigerian billionaire Femi Otedola will invest $100 million in Dangote Refinery
Nigerian billionaire Femi Otedola announced a $100 million investment in the Dangote refinery during a high-profile executive visit to the Lagos facility on Wednesday.
Africa's richest man hosts billionaire Femi Otedola and First HoldCo executives at his Lekki refinery
Aliko Dangote hosted Femi Otedola and First HoldCo executives at the Dangote Petroleum Refinery in Lekki on Wednesday, with both sides framing the visit as a signal of African industrial alignment.
Femi Otedola pushes his First HoldCo stake toward 20% with a fresh N43 billion purchase
Femi Otedola has made a fresh N43 billion open-market purchase of First HoldCo shares, his biggest single acquisition since taking the chairman's seat in 2024.
Nigerian billionaire Femi Otedola acquires additional FirstHoldCo shares worth $31.6 million, lifting his stake to 19.36%
Femi Otedola has spent N43.4 billion buying 549.5 million more FirstHoldCo shares, lifting his total stake to 19.36% in his biggest single purchase since becoming chairman in January 2024.
Billionaire Femi Otedola's First HoldCo is targeting a N1 trillion capital base as it moves to reshape Nigerian banking
FirstHoldCo is seeking shareholder approval to raise N253 billion in fresh capital as it pushes toward a N1 trillion paid-up capital base.
Nigerian billionaire Femi Otedola makes $36.5 million in paper gains in one day as First HoldCo surges 10% on record Q1 results
FirstHoldCo surged nearly 10% on the NGX after Q1 profit jumped 72%, adding N49.6 billion in paper gains to Femi Otedola's 18.12% stake in a single session.
Billionaire Femi Otedola executes a surgical turnaround as First HoldCo profit rockets 72% in Q1 2026 to $233 million, overtaking GTCO, UBA and Access Holdings
Femi Otedola's FirstHoldCo rises from the ashes with a 72% profit jump in Q1 2026, overtaking GTCO and Access Holdings to become Nigeria's 2nd most profitable bank
Billionaire Femi Otedola says he did not invest a single kobo in Dangote's refinery and calls the viral claim that he contributed $300 million "calculated mischief"
Femi Otedola has flatly denied investing in the Dangote Petroleum Refinery, calling a viral claim that he contributed $300 million "completely and utterly false" and "calculated mischief."
FirstHoldco Chairman Femi Otedola pays tribute to Mike Adenuga as the Oil and Telecoms billionaire turns 73
Femi Otedola has marked Mike Adenuga's 73rd birthday by recalling how the Globacom founder told him 24 years ago in Epe that he would be a great man.
FirstHoldCo storms ahead of rivals, surging 32% in a month to become Nigeria's best-performing tier-one bank stock ahead of Q1 results
FirstHoldCo has rallied 32% in the past month to become the best-performing tier-one bank stock on Nigeria's exchange, outpacing GTCO, Zenith Bank, Access Holdings and UBA.