The volume of activities on the shares of FBN Holdings Plc, the parent company of First Bank Nigeria Limited rose sharply by 127 per cent to 350,541,662 on the Nigerian Exchange Limited yesterday, compared with the 154, 395,251, reflecting the move by some of the major contenders for controlling interest in the financial institution to consolidate their stake.
THISDAY had reported yesterday that the battle for controlling interest in FBN Holdings Plc would intensify on the NGX going forward in line with the battle for the soul of the bank. It was expected that some of the major contenders would in the coming days continue to mop up more shares so as to increase their stake in the bank.
As at March this year, Otudeko was also said to be holding a total of five per cent of the holdco’s total issued share capital. However, inside sources disclosed that Otudeko was currently in negotiation with Flour Mills of Nigeria Plc to sell Honeywell Flour, to partly pay off his loans at FBN Holdings.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FBN makes a U-Turn, confirms Otedola acquired ‘substantial’ stake in holdingsFBN Holdings Plc has announced that the Chairman of Calvados Global Services Limited, Mr Femi Otedola, has acquired substantial shareholding in the company. These denials & acceptance that everybody is learning from this govt... hmmmmm... disgraceful culture... Denying and accepting questions no one asked.
Source: MobilePunch - 🏆 8. / 63 Read more »
FBN makes a U-Turn, confirms Otedola acquired ‘substantial’ stake in holdingsFBN Holdings Plc has announced that the Chairman of Calvados Global Services Limited, Mr Femi Otedola, has acquired substantial shareholding in the company. These denials & acceptance that everybody is learning from this govt... hmmmmm... disgraceful culture... Denying and accepting questions no one asked.
Source: MobilePunch - 🏆 8. / 63 Read more »
Investors scramble for FBNH shares, price rises - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »
Children are God’s heritage | The Guardian Nigeria News - Nigeria and World News“Lo, children are an heritage of the LORD: and the fruit of the womb is his reward” (Psalms 127:3).
Source: GuardianNigeria - 🏆 1. / 94 Read more »
10 things to know about the Mathematician battling Otedola for control of FirstBank - Daily TrustThe financial sector in Nigeria has been abuzz over the scramble for the control of FirstBank. Both men are struggling over FBN
Source: Daily Trust - 🏆 13. / 51 Read more »
PayPal quashes Pinterest acquisition rumors | The Guardian Nigeria News - Nigeria and World NewsOnline payments giant PayPal has said it is not seeking to buy Pinterest, ending days of speculation that had prompted shares in the image-sharing site to soar.
Source: GuardianNigeria - 🏆 1. / 94 Read more »