Femi Otedola increases stake in FBN Holdings to 22% via N77.6 billion share acquisition

Nigerian billionaire Femi Otedola has acquired additional shares in First Bank of Nigeria Holdings (FBNH) for N77.6 billion, bringing his total stake to approximately 22%. This move positions him to potentially overtake RC Investment as the company's largest shareholder, signaling a consolidation of influence within one of Nigeria's major financial institutions.