The 5 African billionaires with major stakes in Africa's 10 biggest banks
Five African billionaires, including Morocco's King Mohammed VI and Femi Otedola, hold stakes worth about $14 billion in four of Africa's biggest banks.
Femi Otedola
Nigerian billionaire Femi Otedola gained $815 million in Q3 as First HoldCo shares nearly tripled
Femi Otedola gained about $815 million in the third quarter as First HoldCo shares rose 180% while he spent 351 billion naira on more stock.
Nigerian billionaire Femi Otedola dines with President Tinubu in Paris and backs his reforms
Femi Otedola had a private dinner with President Bola Tinubu in Paris on Sept. 28 and publicly endorsed his economic reforms the next day.
Nigeria's four billionaires are running the playbook that built industrial America
Dangote, Adenuga, Rabiu and Otedola are running versions of the playbooks Rockefeller, Ford, Carnegie and Morgan used to build America.
Nigerian billionaire Femi Otedola gains $138 million on Friday as FirstHoldCo shares hit record high
First HoldCo rose 10% to N162.80 on Friday morning, a record, adding about N182.6 billion to Femi Otedola's stake in a single session.
Billionaire Femi Otedola's First HoldCo out-earns every major bank in Nigeria and South Africa
First HoldCo posted a 31.63% return on average equity in the first quarter, the highest of any tier-1 bank in Nigeria or South Africa.
Aliko Dangote is worth $51.3 billion, more than twice Nigeria's other billionaires combined
Forbes puts Aliko Dangote at $51.3 billion on Sept. 14, against $21.1 billion for Abdulsamad Rabiu, Mike Adenuga and Femi Otedola combined.
Nigerian billionaire Femi Otedola speaks on FirstHoldCo’s inclusion in FTSE Frontier 50 Index
FirstHoldCo has joined the FTSE Frontier 50 index, with chairman Femi Otedola calling it a defining milestone for the banking group.
FirstHoldCo and Dangote Cement, controlled by Forbes-ranked billionaires, join the FTSE Frontier 50
FirstHoldCo and Dangote Cement join the FTSE Frontier 50, a far more selective index than the broader series 10 Nigerian firms entered.
6 Nigerian billionaires have companies joining the FTSE frontier index this month
Ten Nigerian stocks join FTSE Russell's frontier index on Sept. 21, including companies part-owned by Aliko Dangote, Femi Otedola and Victor Odili.
Dangote Cement, Nestlé Nigeria and First HoldCo are joining the FTSE frontier index
FTSE Russell named 10 Nigerian stocks newly eligible for its frontier index series, including Dangote Cement, First HoldCo and MTN Nigeria.
Nigerian billionaire Femi Otedola's First HoldCo stake now worth $1.4 billion at record high
First HoldCo hit an all-time high of N159.90 on Tuesday, lifting Femi Otedola's holding to about N1.97 trillion, roughly $1.42 billion.
Nigerian billionaire Femi Otedola's 'Making It Big' turns one, 8 lessons from the bestseller
Making It Big turned one on Aug. 18. It won Axiom gold in the US, placed second in London, and Otedola is writing the sequel.
Nigeria’s Femi Otedola lost $1.2 billion, now he’s Africa’s fastest-growing billionaire
Femi Otedola's fortune rose 36% to $1.9 billion since March, faster than any other African billionaire, on a single concentrated bet on First HoldCo.
Nigerian billionaire Femi Otedola spends $9 million more on First HoldCo shares
Femi Otedola bought 95.7 million more First HoldCo shares at N131.48 on Monday, paying 6.1% less than he did ten days ago as the stock retreated.
Billionaire Femi Otedola spends another $14.9 million on First HoldCo as stake hits 27.5%
Femi Otedola bought 147.7 million First HoldCo shares at N140, lifting his stake to about 27.5% and his holding past 12.2 billion shares.