FBN Holdings Plc has commenced its Rights Issue, offering 5.983 billion ordinary shares at 50 kobo each, priced at N25 per share, raising N150 billion for existing shareholders.
India has witnessed a significant surge in its billionaire population over the past decade, with over 100 new additions, while Nigeria has seen a relatively modest increase, welcoming only one new billionaire, Femi Otedola.
Nigeria’s billionaire, the Chairman of Geregu Power Plc and Director, of FBN Holdings Plc, Mr. Femi Otedola, has hailed President Bola Tinubu for resolving the dispute between Nigeria and the United Arab Emirates which led to visa ban on Nigerians and the withdrawal of both Etihad and Emirates Airlines from flying in and out of Nigeria.
Serial investor and billionaire, Femi Otedola has exited his stake in Transcorp Plc Nairametrics can confirm.
The Chairman of Geregu Power Plc, Mr. Femi Otedola says that for companies to sustain wealth they need to quote on the Nigerian Exchange.
FEDA is the impact development arm of the Africa Export and Import Bank (Afreximbank)
By listing the bond, it means it can now be traded on the FMDQ.
After a series of documented buy-interests, the recent majority shareholder of FBN Holdings Plc, Mr. Femi Otedola, gained...
