Femi Otedola

Femi Otedola acquired another 147.74 million First HoldCo shares for N20.7bn through Calvados Global Services Limited. The latest purchase brings his disclosed First HoldCo share acquisitions in 2026 to about N412bn. Otedola’s continued accumulation comes as First HoldCo...

Femi Otedola has increased his stake in First HoldCo Plc after acquiring an additional 138.04 million shares valued at about ₦18.11 billion. The latest purchase takes his holding in the financial services group from 25.8 percent to 26.1...

Femi Otedola says he has invested more than N600 billion of his personal wealth in First HoldCo and signalled plans to increase his stake beyond 51 percent. The billionaire said First Bank was on the brink of regulatory...

April 03, (THEWILL) — Billionaire businessman and philanthropist Femi Otedola has celebrated his mother, Dame Christine Doja Otedola, on her 94th birthday. In a post shared on social media, Otedola marked the occasion with a photo of them together and...

March 26, (THEWILL) — Nigerian billionaire businessman Femi Otedola has shared a glimpse of his relaxed lifestyle, posting a video of himself cycling through the streets of Singapore. The video, shared on X on Thursday, March 26, 2026, shows Otedola...

February 02, (THEWILL) — First Bank of Nigeria has written off about ₦748 billion in non-performing loans as part of a sweeping clean-up of its balance sheet aimed at restoring financial strength and improving long-term profitability, according to billionaire...

January 31, (THEWILL) — The total shareholding of Chief Femi Otedola, Chairman, First HoldCo Plc, has increased to 18.12 percent as of December 31, 2025, from 11.8 percent at the end of the 2024 financial year. Chief Otedola’s combined direct...

December 30, (THEWILL) — Billionaire investor and chairman of Geregu Power Plc, Femi Otedola, has divested a 77 percent equity stake in the power generation company, significantly reducing his ownership in one of Nigeria’s largest publicly listed power assets. Details...

December 19, (THEWILL) — Billionaire investor and Chairman of First HoldCo Plc, Femi Otedola, has further strengthened his grip on the financial services group after acquiring additional shares worth approximately ₦14.8 billion, pushing his ownership stake to over 18...

October 10, (THEWILL) — Renowned philanthropist and entrepreneur, Femi Otedola, has donated a total one billion naira to support security architecture in Lagos, through the Lagos State Security Trust Fund (LSSTF). Governor Babajide Sanwo-Olu received the donation from Otedola in...