Business
Femi Otedola Acquires First Bank Nigeria, Remains Top Shareholder
Reports reaching Earthnews, confirmed that Nigerian billionaire businessman, Femi Otedola has taken over First Bank of Nigeria Plc.
According to the said reports, Otedola being the largest shareholder means he holds the highest voting shares and can dictate the direction of the bank through his voting power.
ISWAP: NSA confirms killing of Al-Barnawi’s successor, Malam Bako
Drug offenders’ll no longer pay fines, risk life jail- Marwa
It will be recalled that when that Otedola divested his 75% direct and indirect shareholding in Forte Oil, via a merger of his company Zenon Oil and former African Petroleum in 2019, the decision raised questions as to why he made such a decision especially because of the lucrative nature of the oil and gas sector.
Earthnews gathered, at the time, Otedola had announced that he wanted to explore and maximize business opportunities in refining and petrochemicals. Hence, the current venture in First Bank Nigeria PLC is an affirmation of various investment he has in plan.
TRADEMARK INFRINGEMENT—Federal High Court Abuja Stops Mamuda Beverages from Further Producing its Pop Power Energy Drink in Its Present Bottle Design
Rite Foods Limited Restates Commitment to Ojude Oba Festival Sponsorship
Rite Foods Marks International Day of Families, Advocates Stronger Support for Children and Families
Promasidor Nigeria Marks International Day of Families, Advocates Child Well-Being and Stronger Family Support Systems
Rite Foods Celebrates Mother’s Day, Honouring the Strength, Resilience, and Everyday Impact of Women
-
Brands2 months agoRite Foods Partners ATF to Strengthen Community Impact with Free Medical Services in Ogun State
-
blog2 months agoPernod Ricard Nigeria Marks International Women’s Day 2026 with “Women Who Raise the Bar”
-
blog2 months agoFaith Marketing vs Product Marketing – Adetokunbo Modupe
-
blog2 months agoTHE CRISIS OF CRISIS COMMUNICATIONS – Adetokunbo Modupe
Pingback: Just In: NDIC Liquidates 500 Deposit Money, Microfinance Banks - Earth News