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Femi Otedola - Page 3

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

Business

Meet The Dominant Shareholders Controlling 23% of First Bank

In recent times, the matter of ownership concerning First Bank of Nigeria has dominated discussions in the financial sector, particularly fuelled by a controversial massive share acquisition made by a former chairman. Established 129 years ago, the bank has grown to become

July 27, 2023

Business

Awele Elumelu Increases Investment In Transcorp To N6.66 billion

Awele Elumelu, the wife of the chairman of Transnational Corporation (Transcorp) Plc, Tony Elumelu, has acquired more shares in the company. She acquired 7.30 million shares in the Nigerian stock market in six transactions completed on June 5, 2023, according to a

June 21, 2023

Business

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has increased his ownership stake in the financial institution to tighten his control over the firm. Elumelu increased his controlling stake in UBA to 7.18 per cent as at the end

May 30, 2023

Business

Transcorp Shareholders Lose N30.89 billion To Femi Otedola’s Exit

Femi Otedola’s exit from Transnational Corporation (Transcorp) has cost the company’s shareholders -24.35 per cent of their investments. After reports circulated on Friday, 28 April, that Otedola is no longer a shareholder at Transcorp Plc, the firm’s share halted its bullish run.

May 12, 2023

Elumelu Confident In Naira Regaining Stability Amid CBN Leadership Change

Business

Tony Elumelu Increases Investment In UBA To N19.48 billion Amid Otedola Dispute

The Chairman of United Bank for Africa (UBA), Tony Elumelu, has bought N560 million worth of shares in the commercial bank through his investment company, HH Capital Limited. He made the acquisition on Tuesday, 9 May, according to a document released on

May 10, 2023

Business

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Serial investor, Femi Otedola, has sold some of his shares in Geregu Power Plc, where he is the majority shareholder and chairman. According to a document filed with the Nigerian Exchange Limited (NGX) on Wednesday, Otedola sold 2.82 million shares to take

May 10, 2023

Business

Tony Elumelu Rejects Femi Otedola’s N250 billion To Buy Transcorp Plc

The Chairman of Geregu Power, Femi Otedola, has revealed that he offered to buy Transnational Corporation (Transcorp) Plc for N250 billion. Otedola, on Tuesday, said his offer was rejected despite planning to help unlock Transcorp’s full potential and create value for shareholders

May 9, 2023

Business

Femi Otedola Alleges Tony Elumelu Backstabbed Him, Took Over His UBA, Transcorp Investments

Femi Otedola has accused Tony Elumelu of double-crossing him in deals involving United Bank for Africa (UBA) and Transnational Corporation (Transcorp). He disclosed that Elumelu betrayed him on multiple occasions. Otedola explained that he financially assisted Elumelu to acquire UBA in 2005.

May 9, 2023

Transcorp's Top Investor, Emmanuel Nnorom, Joins Otedola To Selloff Shares After Elumelu Powerplay

Business

Transcorp’s Top Investor Records 321.6% Gain In Shares Sell-off

In a move that further consolidates Tony Elumelu’s shareholding, the fourth majority single shareholder in Transnational Corporation (TransCorp) Plc, Emmanuel Nnorom, has offloaded 98 per cent of his shares after Femi Otedola did same. Nnorom sold 11.40 million shares on April 27

May 4, 2023

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Femi Otedola - Page 3

Otedola Gifts N1m Each To 750 Varsity Students

Meet The Dominant Shareholders Controlling 23% of First Bank

Awele Elumelu Increases Investment In Transcorp To N6.66 billion

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Transcorp Shareholders Lose N30.89 billion To Femi Otedola’s Exit

Tony Elumelu Increases Investment In UBA To N19.48 billion Amid Otedola Dispute

Femi Otedola Sells Geregu Shares After Plan To Acquire Transcorp Fails

Tony Elumelu Rejects Femi Otedola’s N250 billion To Buy Transcorp Plc

Femi Otedola Alleges Tony Elumelu Backstabbed Him, Took Over His UBA, Transcorp Investments

Transcorp’s Top Investor Records 321.6% Gain In Shares Sell-off

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