The Head, Investor Relations, First Bank Nigeria (FBN) Holdings Plc, Tolu Oluwole, has sold off his shares in the financial institution amid a drop in the capital market’s confidence towards the firm.
Oluwole sold 1.60 million shares held in FBN Holdings on Wednesday, August 23, 2023, to take out N28.86 million from the financial institution experiencing a leadership tussle.
When Oluwole sold his stake, FBN Holdings’ share was down by 4.25 per cent, from N18.8 kobo reported last week Friday, August 18, to N18 on Wednesday, Ripples Nigeria analysis showed.
