A massive off-market block trade involving 10.47 billion units of First Holdco Plc shares, valued at N324.47 billion, was executed on the Nigerian Exchange Limited (NGX) yesterday. The landmark transaction is tied to billionaire investor Mr. Femi Otedola, who increased his stake in the company from 15% to approximately 40%, effectively gaining control of Nigeria’s…
Over the weekend, the Federal Government took action to lessen the malaria plague. It designated prominent banker Tony Elumelu, astute businessman Femi Otedola, and the wealthiest man in Africa, Aliko Dangote, to spearhead the new initiatives to end the threat. During the team’s inauguration in Abuja, Dr. Tunji Alausa, the Minister of State for Health…
Billionaire business mogul, Femi Otedola, has explained why Nigerians, particularly the government should support the Chairman of Dangote Group, Aliko Dangote, by creating an enabling environment to ensure businesses thrive. He argued that Dangote’s contributions which extend beyond industrial facilities to critical infrastructure, must be recognised and supported by all means. Otedola, who rose in…
