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Femi Otedola

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Kwara kidnap victims beg for rescue in new video, say they’ve been held since February

A new video shows Kwara State kidnap victims, gaunt and exhausted, pleading directly to state governments for rescue more than two months after their abduction.
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Catholic diocese says 24 killed in Easter Sunday attack on Kebbi village, contradicts police count

The Catholic Diocese of Kontagora says 24 people were killed in an Easter Sunday attack on a Kebbi village, six times the number police initially confirmed.
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Otedola: First HoldCo Restructuring May Be Disruptive, but It’s Essential for Long-Term Growth

KEY POINTS Otedola says First HoldCo’s restructuring may cause disruption but is necessary for...
Business

Former Governor Abdulaziz Yari Named Chairman of Geregu Power Following Otedola’s Exit

KEY POINTS Billionaire Femi Otedola has resigned as chairman of Geregu Power Plc after...
News

Femi Otedola Lifts Stake in First HoldCo With $10 Million Share Purchase

Femi Otedola boosts his stake in First HoldCo with a $10 million share purchase as earnings and assets grow.
Business

First HoldCo Partners With Microsoft to Advance Africa’s Innovation

The First HoldCo Microsoft partnership aims to accelerate innovation and expand technology access across Africa under Femi Otedola’s leadership.
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Femi Otedola’s Net Worth Rises to $1.6 Billion on Geregu Power, First HoldCo Gains

Femi Otedola’s wealth grows to $1.6 billion on strong Geregu Power and First HoldCo performance.
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First HoldCo Reports $1.7 Billion in Gross Earnings Under Otedola’s Leadership

First HoldCo, led by Femi Otedola, reports $1.7 billion in nine-month earnings as reforms strengthen assets and equity.
Business

Otedola Donates ₦4bn for Augustine University Engineering Block

Femi Otedola donates ₦4 billion to build a state-of-the-art electrical and electronics engineering block at Augustine University.
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Otedola Celebrates Dangote’s $20 Billion Refinery

Femi Otedola praises Aliko Dangote’s $20 billion refinery expansion as a generational legacy reshaping Nigeria’s oil and energy landscape.
Business

Otedola Raises Stake in First HoldCo by ₦2.01 Billion

Femi Otedola increases stake in First HoldCo by N2.01 billion, strengthening his hold in Nigeria’s oldest financial institution.
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Femi Otedola Spends $15 Million on Daughter Temi’s Wedding

Temi Otedola wedding cost $15 million across Monaco, Dubai, and Iceland, setting a record as Africa’s most expensive and glamorous celebration
Business

Femi Otedola Reclaims Spot on Forbes List, Dangote Remains Africa’s Wealthiest

Nigerian tycoon Femi Otedola stages a remarkable return to the Forbes Africa list, while Aliko Dangote continues his reign as the continent's richest man.

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Kwara kidnap victims beg for rescue in new video, say they’ve been held since February

A new video shows Kwara State kidnap victims, gaunt and exhausted, pleading directly to state governments for rescue more than two months after their abduction.
News

Catholic diocese says 24 killed in Easter Sunday attack on Kebbi village, contradicts police count

The Catholic Diocese of Kontagora says 24 people were killed in an Easter Sunday attack on a Kebbi village, six times the number police initially confirmed.
News

Nigeria’s rent crisis: Families flee cities as landlords double, triple prices with no warning

Across Nigeria's major cities, families are being priced out of their homes by rent hikes that sometimes double overnight, with little legal protection.
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Nigeria’s 63 percent poverty rate defies inflation easing

Nigeria's poverty rate climbed to 63 percent in 2025 even as inflation declined sharply, the World Bank said in its April 2026 Nigeria Development Update.