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Femi Otedola - Page 2

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

Business·Top Stories

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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Femi Otedola - Page 2

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

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

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