Business
Femi Otedola Increases Stake in FBN Holdings by N2.01bn
Billionaire businessman Femi Otedola has raised his stake in FBN Holdings Plc with an additional investment of N2.01 billion.
The acquisition was disclosed in two separate filings with the Nigerian Exchange Limited (NGX), signed by the company’s secretary, Adewale L. O. Arogundade, in line with post-listing requirements.
According to the documents, Otedola on September 23, 2025, purchased 39,313,379 shares at N31 per unit, valued at N1,218,714,749. On the same day, he acquired another 25,565,289 shares worth N792,523,959 through his investment vehicle, Calvados Global Services Limited.
The transactions increased his direct shareholding to 3,251,346,245 units, representing 7.76 percent, while his indirect holding rose to 3,491,125,586 units, or 8.34 percent.
With this, Otedola’s total stake in FBN Holdings now stands at 16.1 percent, up from 13.15 percent in September 2024.
The move comes barely three months after Oba Otudeko, founder of Barbican Capital Limited and chairman of Honeywell Group, alongside Tunde Hassan-Odukale, group managing director of Leadway Assurance, divested more than 10 billion shares in FBN Holdings.
-
Health1 week agoSenate hearing set to review research on COVID-19 vaccines, cancer concerns
-
Crime6 days agoLASU student dies after armed robbery attack
-
Featured6 days agoOsun APC counters Adeleke over security drone dispute, urges public to ignore allegations against Oyetola
-
Latest1 week ago2027: North will back Tinubu’s re-election bid, says ex-ACF Secretary-General
-
Politics6 days agoEmeka Ike reacts to alleged INEC-linked data breach
-
Comments and Issues1 week agoDay Ibori stormed Asaba for Oborevwori’s third anniversary
-
Politics6 days agoFour PDP reps from Bauchi defect to APM, cite internal party crisis
-
Football6 days agoArsenal confirm departure of 15 players ahead of summer exit