Femi Otedola regains position as First Bank major shareholder

Nigerian billionaire, Mr. Femi Otedola,  Chairman of FBN Holdings, has regained his position as the majority shareholder of First Bank.

He now holds a 9.41% stake in the bank, after acquiring N18.9 billion worth of the group’s shares in the NGX today.

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Otedola previously held a 7.01% stake in the bank, behind Oba Otudeko’s Barbican Capital Limited which holds an 8.67% stake.

Details later…