Nigerian billionaire Femi Otedola is the third-richest investor on the Nigerian Exchange.
Transcorp
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- West & Central Africa
Femi Otedola snaps up $12-million stake in Transcorp, might eye board seats, control
As he also leads Geregu, one of Africa’s fastest-growing power-generating companies, Otedola’s move is strategic.
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The company’s market capitalization has surged by $42 million since the news of the acquisition broke on April 12.
- Hot News
Tony Elumelu’s Transcorp delivers big returns: Shareholders to receive $4.41-million dividend payout
Elumelu holds a total of 840,632,956 ordinary shares in Transcorp.
- Hot News
Philanthropist and banker Tony Elumelu launches Aura hospitality app on Nigerian market
by Ishioma Emiby Ishioma EmiThe launch took place in Abuja on July 8 with national dignitaries in attendance.
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Elumelu is the chairman of Heirs Holdings, the United Bank for Africa and Transcorp.
- West & Central Africa
United Bank for Africa did not fund OML-17 acquisition: Nigerian mogul Tony Elumelu
by Ishioma Emiby Ishioma EmiThe businessman and philanthropist addressed the subject during an interview with Arise TV.
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