Femi Otedola Gains Control of First Bank with ₦324bn Share Deal on NGX
A total of ₦324.47 billion worth of 10.47 billion shares in First Bank Holding Company Plc (First Holdco) exchanged hands on the Nigerian Exchange Limited (NGX) in a block trading mega-deal that saw billionaire businessman Femi Otedola increase his stake in the bank from 15% to about 40%. The off-market…