Mr Otedola noted that he is hoping to invest part of the proceeds of the divestment of his shareholding in Geregu Power, an electricity generation company he took public in October 2022, in the private placement.

The Chairman of First HoldCo, Femi Otedola, has announced plans to invest $100 million in Dangote refinery.

Nigerian billionaire Femi Otedola has committed $100 million to the upcoming private placement of the Dangote Refinery, marking a major reversal from comments he made just weeks…