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Tag: Femi Otedola

featured Life Style

Otedola’s net worth hits $2bn for first time

Nigerian billionaire Femi Otedola’s net worth has climbed to $2 billion, marking the first time his fortune has reached that threshold, according to Forbes’ latest Real-Time Billionaires data. The new valuation represents a $200 million increase from the $1.8 billion figure Forbes recorded for him in August 2026. It also reflects a jump of roughly […]

Business

Femi Otedola’s net worth nears $2bn

Nigerian billionaire investor Femi Otedola’s net worth has risen to $1.8 billion, bringing him closer to the $2 billion milestone after adding an estimated $500 million to his fortune since the beginning of 2026. According to Forbes’ Real-Time Billionaires ranking as of August 21, 2026, Otedola is now worth $1.8 billion, up from $1.3 billion […]

Business

Otedola targets 51% controlling stake in First HoldCo

Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has indicated that he intends to build a controlling stake of more than 51 per cent in First HoldCo Plc, saying majority ownership is central to executing the reforms and restructuring needed to create long term value. Otedola disclosed this in an exclusive interview with […]

Business featured

Femi Otedola acquires ₦222.20bn First HoldCo shares

The chairman of First HoldCo, Femi Otedola, has acquired 1.77 billion shares of the financial institution through his investment vehicle, Calvados Global Services Limited. According to a statement obtained from the Nigerian Exchange, Otedola acquired the shares at a value of N222.20 billion on Thursday. The latest purchase marks one of the largest single transactions […]

Business

Otedola’s stake in First HoldCo rises to 20.40%

Billionaire investor Femi Otedola’s combined interest in First HoldCo Plc increased to 20.40 per cent as of June 30, 2026, up from 18.12 per cent at the end of March 2026 and 15.95 per cent as of June 30, 2025. This is according to the company’s latest shareholding disclosure as contained in its recently released […]

featured Life Style

Nigerian billionaire Femi Otedola returns to school

Billionaire businessman Femi Otedola has completed an executive leadership programme, Leading Businesses for the Future, at London Business School. Otedola announced the milestone via his official social media platforms, describing the experience as a powerful reminder that humility remains central to lifelong learning. According to him, “no knowledge is wasted,” adding that he remains committed […]

featured

I sold Geregu stake to invest in Dangote IPO – Otedola

Billionaire businessman and philanthropist Femi Otedola has indicated plans to invest $100 million in the forthcoming Initial Public Offering of Dangote Petroleum Refinery and Petrochemicals. He disclosed this during a visit on Wednesday, when he led the board and senior executives of First Holdco Plc and its subsidiaries to inspect the refinery complex in Ibeju-Lekki, […]

Business

Dangote didn’t borrow money from friends for refinery – Otedola

Billionaire businessman Femi Otedola has denied reports claiming he requested a special allocation from Aliko Dangote in the planned initial public offering of the Dangote Refinery. Otedola made the clarification in a post on his X account on May 4, 2026. His response follows the spread of misleading claims targeting leading Nigerian business figures, including […]

How banks sent 'charming' ladies to lure my interest — Otedola
Banking

Otedola justifies massive legacy loan charge despite profit hit

Group Chairman of First Bank Holdings, Femi Otedola, has justified the company’s one-off N748bn charge to write off legacy bad loans, calling it a strategic move to secure long-term financial stability despite the hit to profits. Otedola revealed on Saturday via his X account that the heavy provisioning led to a 92 per cent drop […]

featured Opinion

Cardoso is the best CBN gov ever — Otedola

Prominent investor with over three decades of experience across multiple economic cycles, Femi Otedola, has described Yemi Cardoso as the best Central Bank Governor Nigeria has produced, praising his leadership style and commitment to doing what is right for the economy. He said, “I say this without hesitation: Yemi Cardoso is the best Central Bank […]

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