Femi Otedola urges higher minimum as FirstBank hits $346 million capital target
FirstBank reaches $346 million minimum; Femi Otedola urges raising international banking capital to $692 million.
FirstBank
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.