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Femi Otedola - Page 5

Femi Otedola Reveals Tony Elumelu Backstabbed Him, Took Over His UBA, Transcorp investments, Stole Business Idea

Femi Otedola Spends N3.14 billion To Acquire Shares In Elumelu’s TransCorp

Nigerian billionaire (in Naira), Femi Otedola, has reportedly acquired 5.52 per cent ownership of diversified investment firm, Transnational Corporation (TransCorp). The acquisition cost Otedola N3.14 billion (based on the share price of Tuesday, April 11, 2023) and made him one of the

April 14, 2023

Femi Otedola Issues New Statement After Reports Of Transcorp Plc Acquisition

Business

Femi Otedola Sells 5% Of Geregu Power To Africa’s Supranational Bank

Africa Export and Import Bank (Afreximbank), a supranational bank, has acquired a five per cent stake in the electricity-generating firm, Geregu Power Plc, owned by Femi Otedola. According to a document released dated February 21, 2023, Africa Export and Import Bank bought

February 23, 2023

Business·Insights·Markets

How Femi Otedola’s Decision To Sell Geregu Stake Cost Shareholders N60.50 billion

Shareholders of Geregu Power, the company owned by Femi Otedola, will have little or nothing to celebrate this Christmas season, having lost most of the returns on their investment within two weeks. On October 5, Geregu was listed on the Nigerian stock

December 20, 2022

Business·Insights

5 Billionaire Investors Otedola, Ovia, Otudeko, Makanjuola, Adefisan Sell Over N88.14 billion Shares In 2022

Nigerian billionaire investors have been busy in the Nigerian stock market this year, selling off their shares for various reasons in the last ten months. Prime Business Africa tracked the market activities of five major investors in Nigerian quoted companies, and gathered

October 10, 2022

Business·Insights

Femi Otedola, Others Make N52 billion In One Day, Amid Plans To Buy Power Plant

Investors queued to have their hands on the shares of Geregu Power on Wednesday, as the electricity power plant company debuted on the Nigerian stock exchange. Interest were high for Geregu Power shares, resulting to the firm’s stock appreciating in value by

October 6, 2022

Business

Femi Otedola: Geregu List Shares On NGX, As Billionaire Eyes Acquisition Of New Power Plant

An electricity power plant company, Geregu Power Plc, has listed by way of introduction on the Nigerian Exchange Limited (NGX) to raise funds amid report of its expansion plan. Geregu Power, owned by Nigerian investor, Femi Otedola, listed 2.5 billion shares on

October 5, 2022

Business·News

Femi Otedola’s Geregu Power Plant To Go Public At N100 Per Share

Femi Otedola is reportedly set to list his electricity generation company, Geregu Power Plc, on the Nigerian Exchange (NGX), to allow the public become part owners by buying the company’s shares. Otedola had acquired Geregu Power Plant after the Federal Government during

October 3, 2022

Business·Insights

Femi Otedola, Other First Bank Investors Lose Over 7% Of Investment

The capital market investors have lost 7 per cent investments in First Bank of Nigeria Holdings. This is despite FBN Holdings finances experiencing a boost. Net profit of FBN Holdings grew by 48.6% in H1 2022, outperforming two corresponding periods in 2021,

August 23, 2022

Business·Oil & Gas

Ardova Reacts To Takeover Threat, As Majority Investor Faces Lawsuit

Oil and gas firm, Ardova, has denied it is winding up, after Femi Otedola’s Zenon Petroleum and Gas Limited filed a case against its majority shareholder, Prudent Energy & Services Limited (PESL). In 2019, Otedola had sole his 74.02% stake in Ardova

August 9, 2022

Business

First Bank Investors Lost N12.56 billion, As Femi Otedola Take Out N5.76 billion

First Bank of Nigeria (FBN) largest shareholder, Femi Otedola, has sold part of his N30 billion worth of investment in the company, a trading document released by the financial institution on Tuesday has disclosed. Otedola sold 517.93 million shares, in four trading

June 8, 2022

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Femi Otedola - Page 5

Femi Otedola Spends N3.14 billion To Acquire Shares In Elumelu’s TransCorp

Femi Otedola Sells 5% Of Geregu Power To Africa’s Supranational Bank

How Femi Otedola’s Decision To Sell Geregu Stake Cost Shareholders N60.50 billion

5 Billionaire Investors Otedola, Ovia, Otudeko, Makanjuola, Adefisan Sell Over N88.14 billion Shares In 2022

Femi Otedola, Others Make N52 billion In One Day, Amid Plans To Buy Power Plant

Femi Otedola: Geregu List Shares On NGX, As Billionaire Eyes Acquisition Of New Power Plant

Femi Otedola’s Geregu Power Plant To Go Public At N100 Per Share

Femi Otedola, Other First Bank Investors Lose Over 7% Of Investment

Ardova Reacts To Takeover Threat, As Majority Investor Faces Lawsuit

First Bank Investors Lost N12.56 billion, As Femi Otedola Take Out N5.76 billion

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