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Monday, 24 June 2024 15:02

Otedola buys fresh 2.22% shares as stakes in FBN Holdings hit 11%

Otedola buys fresh 2.22% shares as stakes in FBN Holdings hit 11%

Femi Otedola, billionaire businessman and chairman of FBN Holdings, has acquired an additional 2.22 percent shares in the First Bank of Nigeria

The acquisition was disclosed in a corporate filing on the Nigerian Exchange Group (NGX) on Monday.

The fresh acquisition further cements the billionaire’s control of the company as his shareholding has now reached 11.63 percent — the highest.

More to follow…

[TheCable]

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