Tag: Femi Otedola

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Femi Otedola targets 51% stake in First HoldCo after record N6 trillion market cap

Femi Otedola plans to raise his First HoldCo stake to 51 percent after the lender became Nigeria’s first bank to reach a N6 trillion market cap.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Femi Otedola
Hot NewsBillionairesBusiness

Femi Otedola buys $57 million more First HoldCo shares, stake nears $900 million

Nigerian billionaire Femi Otedola has acquired 706 million additional First HoldCo shares, lifting his stake to 21.95 percent in the lender.

Omokolade Ajayi Omokolade Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
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Femi Otedola-led First HoldCo posts $473 million half-year pre-tax profit

Femi Otedola-led First HoldCo posted $473.8 million in half-year pre-tax profit as stronger fee income and lower credit losses lifted earnings.

Omokolade Ajayi Omokolade Ajayi
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola takes First HoldCo shares worth over $30 million at nearly 40% discount

Femi Otedola boosts his First HoldCo stake to 20.42 percent after acquiring shares valued at over $30 million at a nearly 40 percent discount.

Omokolade Ajayi Omokolade Ajayi
FirstHoldCo 14th AGM 2026
BusinessHot News

FirstHoldCo wins shareholder approval for $730 million capital raise

FirstHoldCo capital raise wins shareholder approval for $730 million plan to strengthen balance sheet and expand lending capacity in Nigeria sector.

Timilehin Adejumobi Timilehin Adejumobi
Nigerian billionaire Femi Otedola
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola to pour part of $750 million warchest into Dangote Refinery

Femi Otedola plans a $100 million stake in Dangote Refinery, reallocating capital from his $750 million Geregu Power exit into Nigeria’s energy sector shift.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Femi Otedola
LuxuryHot News

Nigerian billionaire Femi Otedola acquires $71 million London mansion

Femi Otedola acquires a $71.2 million mansion in St John’s Wood, London, as Nigerian billionaires deepen luxury property exposure in the UK.

Timilehin Adejumobi Timilehin Adejumobi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola tightens grip on First HoldCo with $31.7 million share purchase after $233 million Q1 profit

The latest investment adds another chapter to Femi Otedola’s repositioning from oil and commodities into banking.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire Femi Otedola
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola’s net worth rises to $1.5 billion as First Holdco stake nears $500 million

According to Forbes, which tracks the fortunes of the world’s wealthiest individuals, Otedola’s wealth has increased by $200 million since the beginning of 2026.

Omokolade Ajayi Omokolade Ajayi
Femi Otedola, Nigerian billionaire and chairman of First HoldCo, the parent company of First Bank of Nigeria.
Hot NewsBillionairesBusiness

Nigerian billionaire Femi Otedola’s stake in First Hold Co nears $500 million

Femi Otedola’s 18.12 percent stake in First HoldCo nears $500 million as shares rally, lifting confidence in First Bank’s parent company.

Omokolade Ajayi Omokolade Ajayi