Nigerian billionaire Femi Otedola details rise to success in upcoming autobiography
Femi Otedola reveals lessons, risks, and defining moments in business in his long-awaited autobiography.
Femi Otedola
Nigerian billionaire Femi Otedola’s Geregu Power sees $57 million in 2025 half-year revenue
Geregu Power, led by Femi Otedola, posts steady $57.4 million revenue in H1 2025, showing strength in a tough energy market.
The world’s 23 Black billionaires in July 2025
Black billionaires near $100 billionaire net worth as AI, energy, and finance drive gains; Dangote and Karp lead the July 2025 ranking.
Billionaire Femi Otedola backs tax reforms, calls them turning point for Nigeria’s economy
The Nigerian businessman and philanthropist hails President Tinubu’s overhaul of Nigeria’s tax laws as a transformative moment for business and inclusive growth.
Otedola's FirstHoldCo pumps nearly $10 million into cybersecurity defenses
The bold move underscores the group’s commitment to safeguarding customer assets amid rising cyberattacks targeting financial institutions across Nigeria.
Nigerian billionaire Femi Otedola pursues bigger stake in First Bank’s parent company
Sources familiar with the matter say both Otudeko and Odukale, have agreed to sell their shares to Otedola at N31 ($0.02) apiece.
Femi Otedola calls Dangote Refinery 'eighth wonder' during President Tinubu visit
Femi Otedola praises Dangote Refinery as the “eighth wonder” during President Tinubu’s visit, highlighting Nigeria’s industrial rise and investor confidence.
Otedola hails Tinubu, Cardoso’s reforms as FirstHoldCo regains profitability
At the 13th Annual General Meeting of FirstHoldCo, Otedola pulled back the curtain on the scale of his vision.
Femi Otedola, before the billions, was Nigeria’s largest private shipowner
In the early 2000s, before the headlines, Otedola focused on building Nigeria’s largest privately owned shipping fleet.
Nigerian billionaire Femi Otedola to receive $1.6 million dividend from FirstHoldco
Otedola, chairman of FirstHoldCo and Geregu Power, holds an 11.8% stake in the Lagos-based financial group.
Femi Otedola leads FirstHoldCo to $660 million earnings in 2024
The results reflect the growing impact of Otedola’s leadership on the 130-year-old institution.
Nigerian billionaire Femi Otedola’s FirstHoldCo raises $125 million in oversubscribed rights issue
Otedola, one of Africa’s billionaires since 2009, played a key role in guiding the group toward this milestone, reinforcing his influence in Nigeria’s financial sector.
7 banks backed by African billionaires
With deep pockets and a sharp eye for opportunity, billionaire-backed banks are making a mark in corporate finance, wealth management, and financial inclusion.
Nigeria’s Vice President, Dangote, and others join Nigerian billionaire Femi Otedola for First Bank’s 43-story HQ
Shettima praised FirstBank and its parent company, FirstHoldCo, under Otedola’s leadership, calling the project a testament to commitment innovation, and sustainable development.
Dangote plans new HQ in Eko Atlantic as FirstBank builds West Africa’s tallest tower
“I will be here very soon,” Dangote said, addressing fellow billionaire Femi Otedola. “And I want to congratulate you on this groundbreaking ceremony.”
Nigerian billionaire Femi Otedola’s First HoldCo breaks ground on new landmark headquarters
For Otedola, this is just the beginning. With the new headquarters underway, he is not just reshaping a bank—he is redefining the future of Nigeria’s financial industry.