Femi Otedola, billionaire businessman and chairman of FBN Holdings, has regained his position as the majority shareholder of First Bank. According to corporate filings on the Nigerian Exchange Group (NGX) on Thursday, Otedola now owns 9.41 percent shares in the bank. This became possible after he purchased the group’s shares valued at N18.9 billion. According to the corporate filings, the billionaire paid N21.91 per share or N6.935 billion for 316,506,776 shares. He then bought an additional 546,674,034 shares through Calvados Global Services Limited, his holding company, for N21.97 per share…
Read MoreOtedola Regains Position As First Bank’s Biggest Shareholder
