The news comes several months after the businessmen revealed their stakes in the bank.
Nigerian billionaires
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- Hot News
Nigerian billionaire Femi Otedola cements position as largest shareholder in Nigeria’s oldest bank
Otedola recently bought another 898,730,515 shares in the bank.
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BUA Sugar Refinery Limited, BUA Oil Mills Limited, IRS Flour, IRS Pasta and BUA Rice Limited have merged to form BUA foods.
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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.
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Nigerian billionaire Abdul Samad Rabiu secures $200 million from AFC to complete multimillion-dollar sugar project
The development significantly boosts Nigeria’s quest to ensure self-sufficiency in sugar production.
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UBA is a leading Nigerian financial group with operations in 20 African countries, as well as the UK, United States and France.
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Oando Plc is a Nigeria-based integrated energy solutions provider with diversified operations.
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Nigerian private equity titan Temitope Lawani to pocket $39.1 million in $2.3-billion Vitol acquisition deal
Vivo Energy is a British downstream petroleum company.
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Greek tycoon John Coumantaros’ Flour Mills of Nigeria eyes $194.6-million acquisition deal
Flour Mills of Nigeria and Honeywell Flour Mills will combine to create an industrial behemoth.
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His daughter, Florence Ifeoluwa Otedola, popularly known as “DJ Cuppy,” is a Save the Children ambassador.