Femi Otedola has increased his ownership in First HoldCo again. The billionaire businessman bought more shares worth N222.2 billion. As a result, his total stake in the company has now risen to about 26%. The latest deal involved 1.779 billion shares. According to a statement signed by the company secretary, Abiola Baruwa, the shares were…
A viral video showing billionaire businessman Femi Otedola walking on the streets of Monaco has got people talking online. The businessman was seen alongside a mystery lady as they enjoyed what looked like a morning walk. Both appeared relaxed and deeply engaged in a conversation. Interestingly, the pair wore similar colours during the outing. Otedola…
Businessman Femi Otedola has sold his ownership interest in Geregu Power Plc in a transaction valued at about $750 million, marking a major divestment in Nigeria’s power sector. Geregu Power Plc announced the development in a filing posted on the Nigerian Exchange (NGX) website. MA’AM Energy takes control According to the filing, MA’AM Energy Limited…
