femi otedola

The Digest: Aliko Dangote has retained his position as Africa's richest person with an estimated fortune of $28.5 billion, according to the Forbes 2026 Africa Billionaires ranking. The continent's 23 billionaires collectively added over $20 billion to their net worth in the past year, with...

The Digest: First HoldCo Chairman Femi Otedola has expressed optimism that the naira will strengthen to below N1,000 per US dollar before the end of 2026, citing the Dangote Refinery's attainment of full 650,000 barrels per day capacity. In a social media post, Otedola congratulated Aliko...

The Digest: First Bank Holdings Group Chairman, Femi Otedola, has publicly explained the rationale behind the bank's decision to write off N748 billion in legacy non-performing loans. Describing it as a strategic move to secure the institution's long-term financial health, Otedola stated the...

The Digest: Billionaire investor and Group Chairman of First HoldCo Plc, Femi Otedola, has significantly increased his stake in the financial holding company to 18.12%. According to the company's unaudited 2025 financial statements, Otedola's combined direct and indirect shareholding now...

The Digest: Billionaire investor and First Bank Chairman Femi Otedola has commended President Bola Tinubu’s “deep economic understanding” while announcing that the bank has met the Central Bank’s N500 billion minimum capital requirement ahead of the March 2026 deadline. Otedola also called for...

The Digest: According to a filing with the Nigerian Exchange Limited, Amperion Power Distribution Company, the vehicle for Femi Otedola's stake, has transferred its shares to Ma’am Energy Limited, marking the end of an era for the billionaire's highly visible investment. Key Points: Ma’am...

The Digest: Billionaire businessman Femi Otedola has sold his majority stake in Geregu Power Plc in a deal valued at $750 million, marking a significant divestment from the power generation company he took public in 2022. According to sources, the sale was facilitated by a consortium of...

The Digest: Billionaire businessman and chairman of First HoldCo Plc, Femi Otedola, has significantly increased his stake in the financial holding company with the acquisition of shares worth N14.8 billion. According to a corporate disclosure filed with the Nigerian Exchange Group, the...

The Digest: Billionaire businessman Femi Otedola has endorsed President Bola Tinubu's new 15% import tariff on petrol and diesel, describing it as a vital policy to protect local investments in Nigeria's refining sector and prevent the collapse of domestic energy industries. Key Points...

The Digest: In a heartfelt tribute marking Nigeria's 65th Independence Day, celebrity disc jockey and philanthropist Florence Otedola, popularly known as DJ Cuppy, has declared her unwavering pride in her heritage. Her social media post framed Nigerian identity through the lens of divine...

The Digest: Billionaire businessman Femi Otedola filed a ₦1 billion libel suit against Umar Sani, a former media aide to ex-VP Sambo, for linking him to subsidy fraud. Simultaneously, Otedola urged President Tinubu to release the full Aigboje Aig-Imoukhuede probe report. Key Points: Femi...

The Digest: Billionaire businessman Femi Otedola has expanded his stake in First HoldCo Plc, acquiring 64.87 million shares worth N2.01 billion. The purchase, disclosed in regulatory filings on Wednesday, raises Otedola’s total holding to 16.1 percent, reinforcing his position as the company’s...

The Digest: Billionaire businessman Femi Otedola has claimed that over N2 trillion was siphoned through questionable petrol subsidy claims linked to depot licenses during former President Goodluck Jonathan’s administration. The statement came as Otedola defended the Dangote Refinery in its...

The Digest: A touching photo of billionaire businessman Femi Otedola in tears during his daughter Temi's wedding to Afrobeats star Mr Eazi has captured global attention, highlighting the emotional family moment behind the lavish celebrations. Key Points: The emotional moment occurred...

The Digest: According to recent reports, Femi Otedola’s book, ‘Making It Big: Lessons from a Life in Business’, has reached the pinnacle of a global chart less than a month after its release. Key Points: The book has climbed to the No. 1 spot on Amazon’s bestseller chart. Released on August...

In a tale that blends immense wealth with poignant family devotion, billionaire Femi Otedola has revealed how his daughter Temi’s persuasive vision led him to acquire two luxury homes in Dubai for her wedding celebrations. # Key Points: Femi Otedola purchased two properties on the same street...

The Digest: Billionaire businessman Femi Otedola shared emotional wedding advice with his daughter, Temi,i at her nuptials, urging her to submit to her husband, Tosin. While his words sparked mixed reactions, the message centered on leadership in marriage and mutual love. Key Points Femi...

The Digest: Before becoming a billionaire businessman and establishing Zenon Oil, Femi Otedola was selling diesel door-to-door from a van. In his memoir, "Making It Big: Lessons from a Life in Business," he reflects on his early struggles and lessons in entrepreneurship. Key Points: Femi...

The Digest: Femi Otedola's memoir, ‘Making It Big: Lessons from a Life in Business’, reveals how a £250,000 loan from his late father was the pivotal moment in building Zenon Petroleum, leading to his rise as one of Nigeria's most prominent oil traders. Key Points: Femi Otedola credits...

The Digest: In his new memoir, Femi Otedola reveals that he repeated a class in primary school and never attended university, shattering public assumptions about his education. He describes how his poor academic performance led to a shift into business, where he found his true calling and...