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Femi Otedola

‘Geregu Power Deal Shows Nigeria’s Capital Market Can Create Massive Wealth’ – Nze Duru

The transfer of majority shareholding in Geregu Power Plc from billionaire investor Mr. Femi Otedola to MA’AM Energy Limited, owned by Senator Abdulaziz Yari, has been described as a landmark development in Nigeria’s domestic investment landscape, underscoring the wealth-creation potential of the

December 31, 2025

Geregu Power Plc Surges With 15% Gain In 2 Days, Hits N2.875trn Market Cap

Business·News·Top Stories

Femi Otedola Sells N2.17trn Stake In Geregu, Resigns As Chairman

Femi Otedola, the majority stakeholder in Geregu Power, has sold his N2.17 trillion stake in the power generation company and resigned from his position as chairman. Geregu announced the transaction on Monday, December 29, via a statement to the Nigerian Exchange (NGX)

December 29, 2025

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business·Top Stories

Otedola Buys 369.98m First HoldCo Shares — After Taking Out N14.8bn From Geregu Investment

Femi Otedola, the chairman and majority shareholder of First HoldCo, has increased his stake in the financial institution by buying 369.98 million shares on Thursday, December 18. According to First HoldCo’s notification of share dealing by an insider, Otedola paid N14,82 billion,

December 19, 2025

Business·Top Stories

Otedola Reduces Stake In Geregu — Third Time In Three Months

Femi Otedola, the chairman and majority shareholder of Geregu, has reduced his stake in the power-generating company, as he sold 4.29 million shares via a cross-deal stock transaction on November 11. Prime Business Africa gathered that Otedola sold the 4.29 million shares

November 21, 2025

Business·Top Stories

Otedola, First HoldCo Shareholders’ Investments On Decline Since Otudeko’s Exit

Since Oba Otudeko, the former chairman of First HoldCo and second-largest investor, exited the company unceremoniously, the financial institution’s share value has depreciated by N2.9 kobo, erasing N121.44 billion from shareholders’ investment value. Reports had circulated on July 17 that Otudeko had

August 25, 2025

Business·Top Stories

Five Bank Majority Shareholders Lost N49.43bn In H1 2025

Five majority shareholders in the banking industry lost N49.43 billion in the first half (H1) of 2025, after the share prices of their banks plunged. The five majority shareholders, comprising Ladi Balogun, Mike Adenuga, Femi Otedola, Muhammadu Indimi and late Herbert Wigwe,

August 6, 2025

Business·News

I lost $898m To Naira Devaluation, Oil, Stock Market Dips — Femi Otedola

Nigerian billionaire businessman Femi Otedola has revealed how naira devaluation, drop in oil prices and stock market made him lose about $898 million in 2009. Otedola, who is the current chairman of First Bank Nigeria Holdings and Geregu Power Plc, said he lost

August 5, 2025

Business·Top Stories

Nigerian Regions With Highest Bank Majority Shareholders

The south-west and south-south regions have the highest majority shareholders in the banking industry, followed by the south-east and the north, according to analysis by Prime Business Africa. This publication covers the 13 commercial and microfinance banks listed in the Nigerian stock

July 25, 2025

Business·Top Stories

Femi Otedola, First HoldCo Shareholders Lose N60.72bn After Otudeko Exits Lender

Femi Otedola, the chairman of First HoldCo, the parent company of First Bank, and the shareholders of the group, lost over N60.72 billion on Friday, July 18, a day after reports emerged that Oba Otudeko, a major investor, has exited the company.

July 18, 2025

Business·Top Stories

Oba Otudeko Exits First HoldCo, Sells Off Shares

The former chairman of First Bank, Oba Otudeko, has exited First HoldCo, as he partook in 17 deals to trade 10.43 billion shares, worth N323.45 billion, on Wednesday, July 16. According to reports, the shares were sold to First Securities Ltd, through

July 17, 2025

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Femi Otedola

‘Geregu Power Deal Shows Nigeria’s Capital Market Can Create Massive Wealth’ – Nze Duru

Femi Otedola Sells N2.17trn Stake In Geregu, Resigns As Chairman

Otedola Buys 369.98m First HoldCo Shares — After Taking Out N14.8bn From Geregu Investment

Otedola Reduces Stake In Geregu — Third Time In Three Months

Otedola, First HoldCo Shareholders’ Investments On Decline Since Otudeko’s Exit

Five Bank Majority Shareholders Lost N49.43bn In H1 2025

I lost $898m To Naira Devaluation, Oil, Stock Market Dips — Femi Otedola

Nigerian Regions With Highest Bank Majority Shareholders

Femi Otedola, First HoldCo Shareholders Lose N60.72bn After Otudeko Exits Lender

Oba Otudeko Exits First HoldCo, Sells Off Shares

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