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Breaking: Otedola regains position as First Bank’s majority shareholder, increases stake to 9.41% 

Nigerian billionaire, Femi Otedola, the 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. 

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

 

 

This is a developing story…  

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