Nigerian tycoon Obafoluke Otudeko gains $6 million in 17 days from flour-milling business, Honeywell
The recent increase in Otudeko’s stake can be attributed to a 13.9-percent increase in the company’s stock price.
Obafoluke Otudeko
Obafoluke Otudeko wins twice on Nigerian Exchange as stake in First Bank gains $3.2 million in 10 days
The multimillion-dollar gain in Otudeko’s stake can be linked to price movements in the lender’s shares.
Investors could have seen 228-percent gain by buying stake in Obafoluke Otudeko’s Honeywell Flour Mills
The Nigeria-based flour-milling business has proved to be a top performer on the Nigerian Exchange.
Obafoluke Otudeko gains $11.84 million as Honeywell shares surge by 81 percent to three-year high
Otudeko owns a majority stake in Honeywell Flour Mills Plc.
Nigerian tycoon Obafoluke Otudeko in distress as Ecobank hunts for assets
Meanwhile, Otudeko has described the lawsuit as an abuse of court processes.
Nigerian tycoon Obafoluke Otudeko’s stake in Honeywell Flour Mills gains $3.6 million in June
The gains are linked to the recent rise in the flour miller’s share price on the Nigerian Stock Exchange.
Nigerian tycoon Obafoluke Otudeko, son to earn $1.02 million in Honeywell dividends
Otudeko founded the integrated flour milling company in 1985.
First Bank Nigeria’s new top exec Urum Kalu Eke buys huge tranche of shares just weeks after Central Bank backlash
The move is raising some eyebrows, while others say it’s just “business as usual.”
Controversy over First Bank of Nigeria’s clash with regulator stirs bank run
A bank run has started at First Bank of Nigeria after a recent scandal concerning its board of directors and the Central Bank.
Honeywell Group releases statement on recent First Bank loan controversy
The Central Bank has dissolved the defunct board of First Bank of Nigeria, expelling Honeywell Group founder Obafoluke Otudeko and Ibukun Awosika as chairpersons.
Central Bank of Nigeria dissolves First Bank board, expels Oba Otudeko
The Central Bank of Nigeria has dissolved the board of First Bank, citing insider abuse.
Nigeria’s First Bank fires CEO without regulatory approval
The Central Bank of Nigeria has queried First Bank over its abrupt removal of CEO Adesola Adeduntan.
Nigerian tycoon Oba Otudeko loses $976K in one day from stake in flour mill
Honeywell Group owner Obafoluke Otudeko has recorded a huge loss through his stake in his flour subsidiary.