Otedola Hails FG, CBN Reforms As Investment In First HoldCo Hits ₦320b Chairman of First Holdco Plc Femi Otedola has credited the Federal Government’s economic reforms and the Central Bank’s policies as key  drivers behind his ₦320 billion personal investment in First Bank. Otedola made the...

Otedola backs Tinubu’s Windfall tax, Blasts Bank Chiefs for Owning Private Jets Dear Members of the Press, I am writing to express my strong support for the implementation of a windfall tax in Nigeria and to highlight the critical role this measure plays in fostering a...

FX Gain: Otedola Backs FG on 70% Windfall Tax from Banks Nigerian Billionaire, Femi Otedola, has supported the 70 per cent windfall tax proposed by the Federal Government on foreign exchange gains of banks. In a statement he issued on Wednesday, Otedola, who is the chairman...

Otedola Emerges as First Bank Holdings Chairman Billionaire businessman, Femi Otedola, has emerged as the new chairman of First Bank Holdings to succeed Ahmad Abdullahi. In a corporate notice filed with the Nigerian Exchange Limited on Wednesday, the financial institution said Otedola was appointed at the...

Otedola Hails Dangote's $19bn Refinery Ahead of Inauguration  Billionaire businessman, Femi Otedola, has said history would be made in the Nigerian energy sector with the impending inauguration of the Dangote Refinery. Otedola shared his thought on the project in a tweet on Sunday after a visit...

Five Nigerians including Alhaji Aliko Dangote, Mike Adenuga; Femi Otedola; Folorunso Alakija and Abdulsamad Rabiu, were named in the Forbes 2016 World’s Billionaires’ list that was released on Tuesday. The latest Forbes World Rich list profiled 1,810 billionaires across the globe. While Dangote retained his number...