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Nigerian billionaire Femi Otedola’s stake in country’s oldest bank is worth $75.5 million

Aside from his ownership stake in FBN Holdings, Otedola has interests in shipping, real estate and finance.

Nigerian billionaire Femi Otedola loses $2.9 million in four days as First Bank shares fall

FBN Holdings is one of the largest financial services organizations in Africa.

Nigerian billionaires fight to control one of country’s largest banks

Nigerian billionaires are putting their hard-earned money to work to control First Bank of Nigeria Holdings.

Nigeria’s oldest bank confirms billionaire Femi Otedola’s acquisition of $54.2-million stake

Otedola is known for building corporate juggernauts in the energy, shipping, real estate and finance sectors.

Nigerian billionaire Femi Otedola acquires significant stake in First Bank of Nigeria Holdings

Otedola remains one of Nigeria’s wealthiest businessmen, who has conquered industries ranging from banking to oil and gas.


Kenyan tycoon John Kimani gains $3.7 million in 45 days

Kimani, known for his diverse investment portfolio, owns a 34.54-percent stake, equivalent to 6,762,133 shares, in Kakuzi. 

Hip-hop’s first billionaire Jay-Z scores legal win, pocketing $7.2 million

The legal saga began in 2016 when Parlux, renowned for its ties with pop culture icons and fashion houses, filed a lawsuit against Jay-Z.

World’s richest Black woman Oprah Winfrey settles trademark lawsuit over ‘Oprahdemics’ podcast

Despite losing more than $100 million in 2022, the “Queen of Talk” remains the World’s richest Black woman.

Burkinabe tycoon Idrissa Nassa’s Coris Bank acquires Societe Generale’s assets in Mauritania, Chad

The latest move places Nassa-led bank as a key player among the new generation of emerging lenders.