Nigerian billionaire Femi Otedola gains $8.3 million in 29 days from stake in First Bank
Otedola is the largest shareholder in FBNH with a sizable stake of 5.57 percent.
Femi Otedola
Nigerian billionaire Femi Otedola celebrates 60th birthday on $750,000-a-week yacht owned by Aristotle Onassis
Otedola is one of Nigeria’s richest men.
Femi Otedola-linked FBNH posts triple-digit earnings growth as profit exceeds $200 million
Otedola owns a substantial 5.57 percent of First Bank of Nigeria Holdings.
Nigerian billionaire Femi Otedola’s Zenon wins $19.2-million arbitration award against Ardova
Ardova reported a $8.93-million loss for the 2021 fiscal year.
Billionaire Femi Otedola’s Geregu Power posts lower earnings amid power sector disruption
Geregu Power Plc is 80-percent owned by Otedola.
Nigerian billionaire Femi Otedola’s Geregu Power sheds $62 million in 24 hours
Geregu Power is majority owned by Nigerian billionaire Femi Otedola.
Nigerian billionaire Femi Otedola’s Geregu Power posts $47 million in profit in 2021
Geregu Power is 80-percent owned by Otedola.
Within 24 hours of NGX listing, Nigerian billionaire Femi Otedola’s Geregu Power gains $120 million
Geregu Power is majority owned by Otedola.
Nigerian billionaire Femi Otedola’s Geregu Power completes listing on Nigerian Exchange
The power-generating company was acquired in 2013 by Otedola.
Nigerian billionaire Femi Otedola’s power company eyes $579-million market cap
The company has an implied valuation of $579 million.
Nigerian billionaire Femi Otedola becomes university chancellor
Ten months ago, Otedola was also named vice president of UK-based NGO Save the Children.
Nigerian billionaire Femi Otedola gains $12.7 million from stake in FBNH
FBNH is one of Nigeria’s largest financial services conglomerates.
Ardova dismisses winding-up order, as Femi Otedola’s Zenon serves majority shareholder petition over $6-million debt
The once promising relationship between Otedola’s Zenon and Abdulwasiu Sowami’s Prudent Energy has taken a new turn.
Nigerian billionaire Femi Otedola’s Zenon Petroleum takes Ardova to court over $6-million debt
The winding-up petition adds to the pressures on Ardova and its majority owner.
Billionaire Femi Otedola’s Geregu Power completes $96.3-million bond issuance
Under Otedola, Geregu has grown into one of Nigeria’s largest power-generating enterprises.
Nigerian billionaire Femi Otedola dumps shares in FBHN worth $17.8 million
The transaction is expected to have an impact on Otedola’s dividend earnings.