Femi Otedola has significantly increased his stake in First HoldCo Plc after an insider-related company acquired 706.13 million ordinary shares worth about ₦77.6 billion. The new purchase reinforces his position as one of the lender's largest shareholders just days after the company posted record half-year earnings. A regulatory filing by First HoldCo on July 22, …
Billionaire businessman Femi Otedola has been shortlisted for the 2026 BCA African Business Book of the Year Awards for his book, 'Making It Big: Lessons from a Life in Business'. The shortlist, unveiled by the Business Council for Africa (BCA) in partnership with the Africa Finance Corporation, African Business and BrandComms, features books exploring leadership, …
Billionaire businessman Femi Otedola has expressed optimism that with the Dangote Refinery operating at its full capacity of 650,000 barrels per day (bpd), the naira will trade below ₦1,000 per dollar before the end of 2026, reflecting the impact of the refinery's operations on Nigeria's foreign exchange market and the economy generally. Otedola stated this …
The Chairman of First HoldCo Plc, Femi Otedola, has explained the reason behind the group’s sharp decline of over 90 per cent in its 2025 financial performance. Otedola gave the explanation via his X handle on Saturday, January 31. He hinted that the drop was the result of a deliberate decision to fully recognise legacy …
First HoldCo Plc has announced a series of board appointments across its non-commercial banking subsidiaries. The parent company of First Bank of Nigeria Limited disclosed the development in a statement filed with the Nigerian Exchange Limited on Friday. It said the appointment is part of a broader strategy to strengthen governance and position its businesses …
First Bank of Nigeria (FirstBank) has successfully met the ₦500 billion minimum capital requirement following the completion of a series of strategic capital-raising initiatives. The First HoldCo Plc, the parent company, disclosed this in a statement issued on Monday and signed by its Group Company Secretary, Abiola Baruwa. It stated that meeting the Central Bank …
The Chairman of First HoldCo Plc, Femi Otedola, has called on the Central Bank of Nigeria (CBN) to increase the minimum capital threshold for international banks to ₦1 trillion. The billionaire businessman and serial investor made the call in a statement on Friday. He believes that Nigeria’s ambition to build a $1 trillion economy by …
Billionaire businessman Femi Otedola has exited his shareholding in Geregu Power Plc through a deal reportedly worth around $750 million. The transaction was concluded on December 29 2025 and until the completion of the share sale, he was the majority owner of the Lagos-quoted firm. The serial investor, who was also the chairman of Geregu …
The Chairman of First HoldCo Plc, Femi Otedola, has acquired additional shares, valued at ₦14.8 billion, in the financial holding company. The holding company announced this in a notice late Thursday, signed by the Company Secretary, Abiola Baruwa. According to the notice filed with the Nigerian Exchange Limited (NGX), the shares were purchased through Calvados …
Temi Otedola, daughter of billionaire businessman Femi Otedola, has explained why she chose to take her husband’s surname after marrying singer Mr Eazi. In a recent interview with newsmen, Temi said her decision was a personal choice tied to her new status as a married woman. She stressed that while she respects women who keep …
