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Femi Otedola - Page 2

Femi Otedola’s Geregu Power Suffers Revenue, Profit Decline

Geregu Power, the electric power generation, transmission and distribution company largely owned by Nigerian billionaire, Femi Otedola, failed to beat its topline and bottom line projections for the first quarter (Q1) of 2025. Analysis of the company’s Q1 financial statements by Prime

April 25, 2025

Business·Top Stories

Femi Otedola’s Investment In First HoldCo Now N104bn – After Buying 2.2bn Shares

The value of investment Femi Otedola, Nigerian billionaire, has in First Bank of Nigeria (FBN) parent company, First HoldCo, is N104.15 billion as of April 17. According to an analysis of his shares in the financial institution by Prime Business Africa, Otedola

April 21, 2025

Markets

Africa’s Billionaire Landscape: Nigeria Dominates with 35% of Total Wealth

The wealth of African billionaires has seen a significant surge, reaching $105 billion, with Nigeria accounting for 35% of this total, thanks to Aliko Dangote’s substantial wealth. The number of billionaires on the continent rose from 20 to 22, according to Prime

April 12, 2025

Business·News

Adesina, Otedola Back Dangote, Urge Support From Nigerian Govt

African Development Bank (AfDB) group President, Dr Akinwumi Adesina and billionaire businessman, Femi Otedola, have joined calls for the Nigerian government to give adequate support to Dangote Petroleum Refinery Limited, highlighting the economic potential of the investment in the country. This comes

July 24, 2024

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Business·News

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.

June 21, 2024

News

Otedola, Ovia’s Zenith Bank Settle Out Of Court

The controversy between billionaire investor, Femi Otedola and Zenith Bank, over an alleged financial fraud has been resolved out of court. Sources said Otedola, who is the chairman of FBN Holdings and majority shareholder of Geregu Power, opted to withdraw the case

June 18, 2024

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News

Tinubu, Elumelu, Otedola Mourn Wigwe, Others’ Death

President Bola Tinubu, and billionaire investors, Tony Elumelu and Femi Otedola, have expressed grief over the tragic loss of Group Chief Executive Officer of Access Holdings Plc., Dr Herbert Wigwe, who died in a helicopter accident.

February 11, 2024

FBN Holding Appoints Otedola As Chairman Days After Return To Forbes African Billionaires

Business·News

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,

January 31, 2024

Business·News·Oil & Gas

Dangote’s $20 Billion Refinery To Propel Nigeria’s Economic Transformation, Environmental Sustainability- Otedola

Femi Otedola, a Nigerian billionaire investor, hailed Aliko Dangote’s colossal refinery project as a game-changer for Nigeria’s economy and environmental goals. Otedola, in a social media announcement on X (formerly Twitter), extending warm felicitations to his “bestie” Aliko Dangote, labeled the refinery

December 10, 2023

News

Otedola Gifts N1m Each To 750 Varsity Students

Nigeria’s renowned billionaire, Femi Otedola, was officially inaugurated as the Chancellor of Augustine University, Lagos, during a ceremony on Thursday. This milestone in the businessman’s life was shared on his verified Instagram page, along with a heartwarming gesture that left 750 students of the university

October 27, 2023

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Femi Otedola - Page 2

Femi Otedola’s Geregu Power Suffers Revenue, Profit Decline

Femi Otedola’s Investment In First HoldCo Now N104bn – After Buying 2.2bn Shares

Africa’s Billionaire Landscape: Nigeria Dominates with 35% of Total Wealth

Adesina, Otedola Back Dangote, Urge Support From Nigerian Govt

Otedola Buys More FBN Holdings Shares, Maintains Largest Shareholder Position

Otedola, Ovia’s Zenith Bank Settle Out Of Court

Tinubu, Elumelu, Otedola Mourn Wigwe, Others’ Death

FBN Holding Appoints Otedola As Board Chairman Days After Return To Forbes African Billionaires

Dangote’s $20 Billion Refinery To Propel Nigeria’s Economic Transformation, Environmental Sustainability- Otedola

Otedola Gifts N1m Each To 750 Varsity Students

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