With the new acquisition, Mr Otedola's holding now stands at 11.6 percent compared to the 8.7 per cent held by Oba Otudeko, his closest rival.
Middlemen take advantage as several factors limit palm oil production in Akwa IbomSCORECARD: Under Tinubu, Nigeria’s education sector yet to see renewed hopeEDITORIAL: Resolving the minimum wage debacle and fiscal headwindsMiddlemen take advantage as several factors limit palm oil production in Akwa IbomSCORECARD: Under Tinubu, Nigeria’s education sector yet to see renewed hopeEDITORIAL: Resolving the minimum wage debacle and fiscal...
While he purchased 316.5 million units valued at N6.9 billion directly in his name, he acquired 546.7 million units through his nominee, Calvados Global Services Limited, in a deal estimated at N12 billion. It’s essential to acknowledge that news production incurs expenses, and we take pride in never placing our stories behind a prohibitive paywall.FBN Holdings has shed 15.1 per cent of its market value since the beginning of the year, placing it in the 130th position in terms of performance of the 154 stocks listed on the Nigerian Exchange.
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