Otedola highlights Dangote’s monumental contributions to Nigeria’s economy and calls for support of visionary leaders
Femi Otedola
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- Hot News
Nigerian billionaire Femi Otedola’s Geregu Power rakes in $51.9-million revenue in H1 2024
Geregu Power’s H1 2024 revenue surged 132.5% year-over-year to $51.9 million, driven by increased energy sales and capacity charges.
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Otedola’s stake in FBN Holdings rose to 11.64% after acquiring 797,946,415 shares for $11.3 million this week.
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This latest purchase brings Otedola’s total stake to 11.64 percent, cementing his position as a top player in the African financial services …
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This move follows his acquisition of additional shares worth over $7.7 million in the first quarter of 2024.
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Geregu Power’s impressive forecast is bolstered by its plans to expand total capacity from 435MW to 1,200MW.
- Hot News
Femi Otedola’s Geregu Power eyes growth as Nigeria finalizes $1.15-billion power plant sale
The company is in line to acquire one of five power plants being sold by the Nigerian government through the Ministry of …
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Femi Otedola now holds a 7.01 percent stake in the financial services group.
- West & Central Africa
Nigerian billionaire Femi Otedola clashes with Zenith Bank over ‘fraudulent transactions’
The confrontation between billionaire businessman Femi Otedola and Jim Ovia, chairman of Zenith Bank, over an alleged multibillion-naira fraud has escalated further.
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Sources within First Bank confirmed that the CBN credited the lender before revoking Heritage Bank’s license.