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Business

Shareholders lose N12.6bn amidst Otedola’s disinvestment in Transcorp

The billionaire businessman, Femi Otedola’s exit from Transnational Corporation (Transcorp) has resulted in a 9.93 percent drop in shareholders’ investment value.Ripples Nigeria had reported...
Business

Elumelu confirms buying extra N6bn shares to tighten control on Transcorp, Otedola unusually mute

Tony Elumelu has confirmed that he bought another 1.99 billion shares in Transnational Corporation (Transcorp), while Otedola stayed silent amid exit reports.Ripples Nigeria learnt...
Business

Tony Elumelu parts with N23bn to take back Transcorp Plc control from Otedola

Tony Elumelu spent over N23 billion to tighten his control in Transnational Corporation (Transcorp) after Femi Otedola displaced him as the single largest majority...
Business

Otedola confirms purchase of 5.52% stake in Transcorp

The billionaire businessman, Femi Otedola, on Monday, confirmed the acquisition of a substantial stake in Transcorp Corporation Plc.He paid N5 billion to acquire 2,245,639,251...
Business

Tony Elumelu makes N638.8m as Otedola acquires controlling stake in Transcorp

The chairman of Transnational Corporation (Transcorp) Plc, Tony Elumelu, became N638.88 million richer this week following the billionaire businessman, Femi Otedola’s investment in the...
Business

Otedola loses N1.29tn as investors drop First Bank shares amid his Transcorp move

Shares of First Bank of Nigeria (FBN) Holdings crashed in the Nigerian capital market this week after reports emerged that billionaire businessman, Femi Otedola,...
Business

Otedola loses N1.29bn as investors react negatively to Transcorp acquisition

Shares of First Bank of Nigeria (FBN) Holdings crashed in the Nigerian capital market this week after reports emerged that billionaire businessman, Femi Otedola,...
Business

Otedola earns N74.05bn after Afreximbank deal, Geregu eyes trillionaire stock list

The founder of Geregu Power Plc, Femi Otedola, saw his investment value in Geregu rise by 13.83 per cent after selling five per cent...
Business

Femi Otedola’s brothers acquire stake in Geregu Power

The relatives of Femi Otedola, the majority shareholder of Geregu Power Plc, have acquired millions of shares in the electricity company.Paul Olurotimi Otedola and...
Business

Afreximbank, Geregu acquisition talks set for advanced stage, as FEDA gets minority stake approval

Negotiation between Femi Otedola’s company, Geregu Power, and Fund for Export Development in Africa (FEDA) is set to hit advanced stage as the latter...
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