The transaction took place on the local bourse on Thurs., July 6, stirring speculation about Otudeko’s potential plans and intentions.
First Bank of Nigeria Holding
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Adenuga is the largest shareholder in Julius Berger with a 25.1-percent stake.
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Otedola is the largest shareholder in FBNH with a sizable stake of 5.57 percent.
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The transaction is expected to have an impact on Otedola’s dividend earnings.
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Nigerian billionaire Femi Otedola gains more than $6.8 million in past six days from First Bank stake
Otedola is the largest stakeholder in the financial services provider.
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Nigerian tycoons Femi Otedola, Hassan-Odukale to pocket $3.9-million in dividends from FBNH
The news comes several months after the businessmen revealed their stakes in the bank.
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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.
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A bank run has started at First Bank of Nigeria after a recent scandal concerning its board of directors and the Central …