Otedola regains position as First Bank’s majority shareholder, increases stake

Nigerian billionaire, Femi Otedola, the Chairman of FBN Holdings has regained his position as the majority shareholder of First Bank. He now holds a 9.41% stake in the bank, after acquiring N18.9 billion worth of the group’s shares in the NGX today, June 20. According to a corporate notice, Otedola directly acquired 316,506,776 shares at [...]The post Otedola regains position as First Bank’s majority shareholder, increases stake appeared first on National Daily Newspaper.

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