•Femi Otedola Femi Otedola has taken another significant step in his bid to secure majority ownership of First HoldCo Plc, owners of First Bank of Nigeria Limited, increasing his stake in the financial services group to 26.1% after purchasing an additional 138.04 million ordinary shares worth N18.11 billion. The latest acquisition, disclosed i...
•Femi Otedola First HoldCo Plc. Chairman Mr. Femi Otedola yesterday raised his equity stake in the oldest surviving banking group with N222.3 billion. The deal saw him becoming the single largest shareholder of the company, reports The Nation. Regulatory filing at the Nigerian Exchange (NGX) showed that Otedola bought additional 1.779 billion ...
First HoldCo Plc, the parent company of First Bank of Nigeria, said it will be seeking shareholders’ approval to raise up to N253.099 billion in fresh capital. The move comes as the group pursues a target of reaching a N1 trillion paid-up capital base comprising share capital and share premium, reports Channels TV. The fundraising […]
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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