Otedola Takes Control: First Bank Stake Climbs to 11.63% After Fresh Share Purchase

Mr. Femi Otedola, billionaire businessman and Chairman of First Bank Nigeria (FBN) Holdings Plc, has acquired an additional 797,946,415 units of the company’s shares through the Nigerian Exchange Limited (NGX). This purchase, valued at N17.219 billion with shares traded at N21.58 each, further solidifies Otedola’s majority stake, raising his shareholding to 11.63%, the highest... Read More

Minister of Finance Wale Edun submits minimum wage cost to Tinubu

Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has submitted the projected cost implications of implementing a new national minimum wage to President Bola Ahmed Tinubu. On Thursday, June 6, Edun delivered the document just two days after Tinubu directed him to present a proposed new minimum wage figure along with... Read More