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Business

First Bank Shareholders Suffer N80.76bn Loss After Electing Otedola As Director

First Bank of Nigeria Holdings Plc (FBNH) shareholders have lost at least N80.76bn in the past week as negative market sentiments hit the company...
Business

Otudeko, Otedola, Odukale lose N24bn in one week, as investments in FBN Holdings drop

The largest and majority investors in FBN Holdings, Oba Otudeko, Femi Otedola and Tunde Hassan-Odukale lost a whopping N24.64 billion in one week.Their loss...
Business

Corporate titans battle for control of First Bank of Nigeria

An ownership and legal drama of epic proportion is currently unfolding in the high-stakes arena of Nigeria’s corporate banking, as business titans fight for...
Business

Barbican, Honeywell owners to meet with FBN stakeholders amid shareholders’ rift

The owners of Barbican Capital Limited, and its affiliate, Honeywell Group, Obafemi Otudeko and Foluke Oyeleye, will meet with stakeholders of FBN Holdings this...
Business

Alleged N13.5bn debt: Ecobank asks First Bank to reject Otudeko’s share acquisition

The bank raised the alarm in a letter written by its Legal Counsel, Kunle Ogunba & Associates.The letter stated that Oba Otudeko, through his...
Business

Otudeko purchases 4.7 billion shares of First Bank

Otudeko, former chairman of the oldest financial institution in the country, was identified as the hand behind the mega transaction that happened on Thursday.The...
Business

Court grants Ecobank leave to join Otudeko, Flour Mills in lawsuit

The bank is seeking to recover monies under the judgment delivered by the Supreme Court in it’s favour on January 27, 2023.Trial judge, Justice...

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