Otedola Buys More FBN Holdings Shares, Maintains Largest Shareholder Position
Nigerian billionaire businessman, Femi Otedola, has bought more shares in FBN Holdings to consolidate his position as the largest shareholder in the company.
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CVL Forum: Utomi, Leading Banks CEOs Charge Young Professionals To Imbibe Good Values For Success
Professor of Political Economy and Entrepreneurship, Pat Utomi, and two leading banking CEOs in Nigeria have charged young professionals to imbibe the right values that would propel them to success and contribute to national development.
FBN Holding Appoints Otedola As Board Chairman Days After Return To Forbes African Billionaires
The First Bank of Nigeria Holdings has appointed Femi Otedola, a Nigerian billionaire, as the new Chairman of its board of directors. The announcement comes on the heels of Otedola’s triumphant return to the Forbes African Billionaires list after a seven-year hiatus,
NGX: Access Holdings, FBNH Join UBA In N1trn Market Cap Club
Access Holdings Plc and the First Bank of Nigeria Holdings on Tuesday, made waves on the Nigerian Exchange Limited, catapulting into the exclusive N1 trillion market capitalization territory. Reflecting on this, an executive from AccessCorp said: “This achievement underscores our dedication to
Over N14bn Invested In Key Nigerian Stocks, Fueling Exchange Surge
In a whirlwind week of trading, the Nigerian Exchange Limited witnessed a surge, with investors staking over N14 billion on shares, notably Japaul Gold and Venture Plc, FBN Holdings, and United Bank for Africa Plc. The trio spearheaded a trading volume accounting
Investors To Buy N150 billion-worth Of FBN Holdings Stake
FBN Holdings said the board of directors will propose a N150 billion capital raise through Rights Issue to shareholders of the company on August 15, 2023. The company intends to sell some of its shares to existing shareholders to raise the capital
Like Fidelity Bank, FBN Holdings Moves To Raise New Capital
The board of directors of First Bank Nigeria (FBN) Holdings have resolved to raise more capital in the stock market by way of Rights Issue. FBN Holdings will sell part of the company’s stake to existing shareholders at a discounted price determined
Oba Otudeko’s Hostile Takeover: Understanding Problems Facing FBN Holdings
What began as a blessing in disguise for FBN Holdings’ shareholders and the company might end up becoming a nightmare that would cost stakeholders billions of naira, Prime Business Africa has learnt. In the first week of July, when reports began to
Otudeko Criticises Ecobank, Counters Claims In Letter To FBN Holdings
The Chairman of Honeywell Group, Oba Otudeko, has denied Ecobank’s disclosure that the Supreme Court granted the N13.5 billion debt claim against the investor. Ecobank had made this known in a letter sent to First Bank Nigeria (FBN) Holdings, requesting that the
FBN Takeover: Opposition Thickens Against Otudeko
The bid for return by the former FBN Holdings chairman, Oba Otudeko, has met a stiff opposing as stakeholders and other parties have stood against it. Oba Otudeko, chairman of Nigerian conglomerate, Honeywell Group, recently acquired 4.8 billion shares of FBN Holdings
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