As part of the drive toward eradicating malaria in Nigeria, the Federal Government has enlisted the support of prominent business leaders led by the Chairman of Dangote Group, Aliko Dangote, alongside the Chairman of Heirs Holdings, Tony Elumelu, and the Chairman of Geregu Power Plc, Femi Otedola, to lead the charge against the disease. Other members of the Council tasked …

The Chairman of FBN Holdings, Mr. Femi Otedola has backed the Bola Tinubu administration over a new policy to impose windfall tax on Nigerian banks. A strongman of the Nigerian financial and capital markets, Otedola, who is also a majority shareholder of Geregu Power Plc, also descended heavily on bank officials in the country, accusing them of profligacy and extravagant spending, …

Despite the economic challenges facing Nigeria, Forbes has listed Nigerian businessmen, Aliko Dangote, Mike Adenuga, Abdulsamad Rabiu and Femi Otedola, as the top richest Nigerians in 2024. Dangote’s fortune rose to $13.4 billion, Adenuga’s fortunes stood at $6.7 billion, while Rabiu and Otedola achieved a fortune of $5.2 billion and $1.4 billion in 2024, respectively. Aliko Dangote is the richest …

The First Bank of Nigeria (FBN) Holdings has appointed billionaire businessman Femi Otedola as the new chairman of its board of directors. He succeeds the outgoing Chairman of the board, Alhaji Ahmad Abdullahi. The financial institution disclosed this in a corporate filing on the Nigerian Exchange Limited (NGX), notifying investors of the new development. This appointment, effective 31 January 2024, …

The President/Chief Executive of Dangote Industries Limited, Aliko Dangote, has said that his friend and billionaire businessman, Femi Otedola, is welcome to attempt a corporate takeover of Dangote Cement. Dangote said this on Friday at the Dangote Cement customers appreciation event in Lagos. While introducing some dignitaries at the event, he mentioned Otedola, saying, “We must also welcome our newest …

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Wednesday, received a donation of one billion naira from renowned philanthropist and entrepreneur, Mr. Femi Otedola to support security architecture through the Lagos State Security Trust Fund (LSSTF). The governor received the donation from Otedola in the company of LSSTF Chairman, Mr. Kehinde Durosinmi-Etti; the Fund’s Executive Secretary/CEO, Dr. Abdurrazak Balogun; and other …

Billionaire businessman and philanthropist, Chairman of Geregu Power Plc, and Director, FBN Holdings Plc, Mr Femi Otedola on Thursday donated N750 million to 750 returning and fresh students of Augustine University, Ilara-Epe, Lagos State. The sum was for the student’s school fees for the 2023/2024 academic session. Otedola announced the donation in an address shortly after his installation as the …

Billionaire businessman, Mr Femi Otedola, yesterday, commended President Bola Tinubu for resolving the United Arab Emirates, UAE, visa ban on Nigerians. While commenting on the efforts by Tinubu to resolve the impasse between Nigeria and UAE, Otedola said the resolution of the dispute proved the president’s strong leadership qualities. He said: “We must all commend Mr President for his shrewd …

Indigenous conglomerate, Transcorp Corporation Plc has disclosed that billionaire businessman, Mr Femi Otedola has bought 2,245,639,251 units of the shares of the group, which amounts to a 5.52 percent stake. This disclosure comes amidst reports that Otedola had bought a considerable stake in the conglomerate, whose shares have been witnessing massive activity on the Nigerian Exchange Limited since last week, …

To say that it is ‘appalling and disheartening’ that Nigeria’s power sector is yet to witness the needed improvement for greater impact on the people and the economy despite the huge amount of money sunk into it by successive governments is an understatement. That, however, was how the Executive Chairman, Board of Directors, Geregu Power Plc, Mr Femi Otedola described …