Otedola sells shares in Geregu Power for N1trn as Yari takes over

Dailytrust | 30-12-2025 01:52pm |

The chairman of First Holdco Ltd, Femi Otedola, has sold his majority stake in Geregu Power Plc for N1.088 trillion in a deal financed by a consortium of banks led by Zenith Bank Plc. This was disclosed by the Nigerian Exchange (NGX) on Monday. Otedola’s Amperion Power Distribution Company Ltd held nearly 80 percent of

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