The new majority shareholder of FBN Holdings, Femi Otedola, gained over N400 million from his FBNH Plc stake in a single session on the Nigerian Exchange Limited just days to Christmas, as top investors rallied up the Tier-1 bank’s shares after the trading day.
The Billionaire businessman currently holds the majority stake in First Bank Holdings Plc, to the tune of 2,717,282,140 total shareholding, representing 210,000,000 in direct holdings and 2,507,282,140 held in different indirect holdings, out of the 35.90 billion total issued shares of the company.
The gains were driven by buy-interests in the shares of the group which saw the share price increase by 1.24% in a single session, from N12.05 per share at the open of the market, to N12.20 per share at the close of the market.
The Billionaire businessman currently holds the majority stake in First Bank Holdings Plc, to the tune of 2,717,282,140 total shareholding, representing 210,000,000 in direct holdings and 2,507,282,140 held in different indirect holdings, out of the 35.90 billion total issued shares of the company.
Femi Otedola’s stake, at the end of the trading session, is currently worth about N33.15 billion, up from N32.74 billion as at the end of market on Monday 20th of December 2021.
The gains were driven by buy-interests in the shares of the group which saw the share price increase by 1.24% in a single session, from N12.05 per share at the open of the market, to N12.20 per share at the close of the market.
Money wisely invested makes more money, any day.
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