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Femi Otedola

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

Business·Top Stories

In Three Months, Femi Otedola’s Geregu Power Generates N55.87bn Revenue

Geregu Power closed the second quarter (Q2) of 2025 with N55.87 billion in revenue, surpassing the N30,24 billion generated in Q2 2024, representing an increase of 84.71 percent. According to the company’s unaudited financial statements for the period ended June 30, 2025,

July 15, 2025

Business·Top Stories

Femi Otedola Reduces Investment In Geregu Power

Femi Otedola, the chairman of Geregu Power, has reduced his investment in the company, according to the unaudited interim financial statements for the first half (H1) of 2025, released by the firm on Friday, July 11. In the financial statement, Prime Business

July 14, 2025

Business·Top Stories

Oba Otudeko’s Investment In First Bank Parent Company Drops By N6.82bn

The value of investment held by Oba Otudeko in First HoldCo, the parent company of First Bank, has dropped by N6.82 billion within the first half (H1) of 2025, according to Prime Business Africa’s analysis. Otudeko, who was First HoldCo’s chairman before

July 4, 2025

Business·Top Stories

Femi Otedola Loses N27.8bn As Investments In First HoldCo, Geregu Fall

Femi Otedola, the chairman of Geregu Power and First HoldCo, has lost a total of N27.8 billion year-to-date, according to an analysis of his stock market investments by Prime Business Africa. The billionaire started the year with a net worth of N2.36

May 9, 2025

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Femi Otedola

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

In Three Months, Femi Otedola’s Geregu Power Generates N55.87bn Revenue

Femi Otedola Reduces Investment In Geregu Power

Oba Otudeko’s Investment In First Bank Parent Company Drops By N6.82bn

Femi Otedola Loses N27.8bn As Investments In First HoldCo, Geregu Fall

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