Close Menu
Arogidigba Global JournalArogidigba Global Journal
  • Home
  • Latest News
  • National
  • Politics
  • Entertainment
  • Sports

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Nigerian Navy sends strong warning to criminals, launches war ships, helicopters

May 31, 2025

I told Tinubu I won’t support, work with him – Amaechi

May 31, 2025

Education remains cardinal pillar of my administration – Ibas

May 31, 2025
Facebook X (Twitter) Instagram WhatsApp Telegram
  • About Us
  • Advert Rate
  • Get In Touch
Facebook X (Twitter) Instagram WhatsApp Telegram
Arogidigba Global JournalArogidigba Global Journal
  • Home
  • Latest News
  • National
  • Politics
  • Entertainment
  • Sports
Subscribe
Facebook X (Twitter) Instagram WhatsApp Telegram
Arogidigba Global JournalArogidigba Global Journal
You are at:Home»Highlights»Otedola acquires additional N183m stake in FBN Holdings – The Sun Nigeria
Highlights

Otedola acquires additional N183m stake in FBN Holdings – The Sun Nigeria

June 27, 2024No Comments2 Mins Read
Facebook Twitter Telegram LinkedIn WhatsApp Email Copy Link
Share
Facebook Twitter LinkedIn Email Telegram WhatsApp

By Chukwuma Umeorah

Nigerian billionaire, Femi Otedola, has significantly increased his stake in FBN Holdings Plc by additional N183 million, marking his third acquisition within a week.
According to a insider dealings filed on the Nigerian Exchange Limited (NGX), Otedola purchased an additional 1,228,141 shares of FBN Holdings at N20.30 per share, and 7,965,198 shares at N19.90 per share through Calvados Global Services Limited, a company associated with him.
This recent investment raises Otedola’s total shareholding in FBN Holdings solidifying his position as the largest single shareholder in the company.
According to a corporate notice last Thursday, Otedola directly acquired 316,506,776 shares at a share price of N21.91 each, amounting to N6.935 billion.
He then acquired 546,674,034 shares at N21.97 each, amounting to N12.01 billion, through his holding company, Calvados Global Services Limited.
Also, earlier transactions on Monday saw Otedola acquire 797,946,415 shares at an average price of N21.58, totaling N17.2 billion, and 546,674,034 shares at N21.97 per share, amounting to N12.01 billion.
Otedola’s increased involvement in FBN Holdings follows his appointment as Chairman of the board of directors in January. His initial significant stake acquisition in December 2021 brought his ownership to 7.57 per cent. Since then, he has progressively increased his equity, reflecting his confidence and strategic interest in the company.

Featured
Share. Facebook Twitter LinkedIn WhatsApp Email Telegram Copy Link
Previous ArticlePrisons free of cholera, says NCoS
Next Article Democracy and the people’s role (7)

Related Posts

Nigerian Navy sends strong warning to criminals, launches war ships, helicopters

May 31, 2025

I told Tinubu I won’t support, work with him – Amaechi

May 31, 2025

Education remains cardinal pillar of my administration – Ibas

May 31, 2025

Leave A Reply Cancel Reply

Ads />
</a></div>		</div>

		</div>
		<div id=
Latest Posts

Nigerian Navy sends strong warning to criminals, launches war ships, helicopters

May 31, 20250 Views

I told Tinubu I won’t support, work with him – Amaechi

May 31, 20250 Views

Education remains cardinal pillar of my administration – Ibas

May 31, 20250 Views

I didn’t know poverty until I became Emir — Sanusi Lamido

May 31, 20250 Views
Don't Miss

Danish Embassy, Danish Veterinary And Food Agency, Partner NAFDAC To Combat Antimicrobial Resisitance

By Arogidigba Global JournalDecember 8, 2024

The National Agency for Food and Drug Administration and Control NAFDAC in its quest to…

CAN disburses 600 baggage of rice to Jigawa Christians

January 6, 2024

Court Nullifies Rivers 2024 Budget, Bars Fubara From Interfering In Assembly Matters

January 22, 2024

OSIEC chairmanship: I am no longer PDP member – Hashim Abioye

January 12, 2024

Senate In Rowdy Session As Lawmaker Claims ‘Older’ Senators Got N500m For Projects

March 12, 2024
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest news from Arogidigba Global Journal

About Us
About Us

AROGIDIGBA GLOBAL NEWS…something of stupendous magnitude is a digital newspaper platform published by AROGIDIGBA MEDIA LIMITED. We are accessed all over the world on the various social media. As an independent News Organization, we are purposefully positioned to serve the Nigerian audience and the world with credible news reports and shrewd analyses.

Facebook X (Twitter) YouTube WhatsApp Reddit
Latest News

Nigerian Navy sends strong warning to criminals, launches war ships, helicopters

May 31, 2025

I didn’t know poverty until I became Emir — Sanusi Lamido

May 31, 2025

True progress comes from unity – Doagara tells Nigerians

May 31, 2025
Editor's Pick

Cardoso Named African Banker Central Bank Governor of the Year

May 30, 20250 Views

Running on empty: Power supply remains unreliable despite tariff hike- Poll

May 30, 20250 Views

Running on empty: Crops rot as farmers battle power cuts

May 30, 20250 Views
© 2025 Arogidigba Global Journal bingo slot games
  • Home
  • Latest News

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.