The recent increase in Otudeko’s stake can be attributed to a 13.9-percent increase in the company’s stock price.
Obafoluke Otudeko
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- Hot News
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.
- Hot News
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.
- Hot News
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.
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Meanwhile, Otudeko has described the lawsuit as an abuse of court processes.
- Hot News
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.
- West & Central Africa
Nigerian tycoon Obafoluke Otudeko, son to earn $1.02 million in Honeywell dividends
Otudeko founded the integrated flour milling company in 1985.
- West & Central Africa
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.”
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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 …
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The Central Bank has dissolved the defunct board of First Bank of Nigeria, expelling Honeywell Group founder Obafoluke Otudeko and Ibukun Awosika …